Cheap Homes for Rent in Milford, IL from $400 (20 Rentals)

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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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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

Best Value Apartments for Rent in Milford, IL and Nearby

As of June 18, 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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Frequently Asked Questions about Milford

What type of rentals are currently available in Milford?

There are currently 68 Apartments for Rent in Milford, IL with pricing that ranges from $525 to $4,667. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milford ranging from $425 to $2,600.

What is the current price range for Rental Homes in Milford?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Milford ranges from $425 to $2,600 with an average monthly rent of $1,381.

How much are larger Three and Four Bedroom Rentals in Milford?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Milford range from $826 to $3,115, while Three Bedroom Homes, Condos, and Townhomes for rent range from $825 to $2,600. Four Bedroom Single-Family rentals are also available starting from $2,350 and Four Bedroom Apartments start at $1,109.

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.