Cheap Apartments for Rent in Milford, IL from $400 (45 Rentals)

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Search the lowest-cost Apartments available for rent right now in Milford.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Willow Springs
2 Bedroom Apartments

Willow Springs

1606 Willow View RdUrbana, IL 61802
Furnished
  • Utilities Included
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Bethel Townhomes
3 Bedroom Apartments

Bethel Townhomes

3552-3558 Bethel DrWest Lafayette, IN 47906
Student Housing
  • Utilities Included
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1155 Anthrop Dr
2 Bedroom Apartments

1155 Anthrop Dr

1155 Anthrop DrWest Lafayette, IN 47906
Student Housing
  • Utilities Included
Showing Results 1-45, Page 1 of 1

Milford, IL Local Guide

Cheapest Available Milford Apartments for Rent and Nearby

 

The cheapest available apartment rental in Milford, IL is a Studio unit found at Brookhaven priced from $525. Brunswick Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Milford apartments for rent:

Apartment ListingModel NameBed/BathPriced From
BrookhavenStudioStudio,1BA$525
Brunswick ApartmentsStudioStudio,1BA$625
The Grove1 Bed 1 Bath1BR,1BA$726
Townway Place1 Beds, 1 Baths1BR,1BA$795
Crestview ApartmentsCrestview IIIStudio,1BA$870
Devonshire Village1 Bed 1 Bath1BR,1BA$900
Town & Country ApartmentsCamden1BR,1BA$923
Woods EdgeThe Boilermaker1BR,1BA$935
202 E Crockett2 Bedroom2BR,1BA$945
Eastland ApartmentsStudio ApartmentStudio,1BA$950

Best Value Apartments for Rent in Milford, IL and Nearby

As of June 17, 2025 the best value apartment in the Milford area is the $0.60 price per square foot South Pointe 3bd/1.5ba Duplex w/ Carport & Base... Model at South Pointe Commons in the starting from $1,064. The second greatest value Milford apartment is the Three Bedroom Standar Model at Capstone Quarters starting at $565 with a $0.40 price per square foot in the Campustown IL neighborhood. Here is today’s list of the best values for Milford apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
South Pointe CommonsSouth Pointe 3bd/1.5ba Duplex w/ Carport & Base...3BR,1.5BA$0.60
Capstone QuartersThree Bedroom Standar3BR,3BA$0.40
Hub on Campus West Lafayette4x3 D4BR,3BA$0.93
2351 State Road 25 W(Adventure) Shadeland Estates New Large Homes 3...3BR,2BA$0.95
Devonshire Village2 Bed 2 Bath Private Entry2BR,2BA$1.21
Village West2x12BR,1BA$0.77
202 E Crockett2 Bedroom2BR,1BA$1.05
The Grove1 Bed 1 Bath1BR,1BA$0.97
Woods EdgeThe Boilermaker1BR,1BA$1.33
Townway Place1 Beds, 1 Baths1BR,1BA$1.33

Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle

Ranked #

Pet Friendliness Lifestyle Score

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Milford, IL Rentals by Map

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See the most popular apartments and homes in Milford, IL

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Getting Around Milford, IL

Walk Score®

32 / 100

Car-Dependent

Most errands require a car

Bike Score®

36 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Milford Apartments

What is the Cheapest Studio apartment in Milford?

Currently the most affordable Cheap Studio Apartment in Milford is at Brookhaven listed at $525.

How much is rent for a Cheap One Bedroom Milford Apartment?

The lowest price for a Cheap One Bedroom Milford Apartment is $650 at Brookhaven.

What is the lowest price for a Cheap Two Bedroom Milford Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Milford is starting from $725 at Brookhaven.

What is the most affordable Milford Three Bedroom Apartment?

The best deal on a cheap Milford Three Bedroom Apartment rental is at Brookhaven and starts from $975.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.