Cheap Homes for Rent in Milford, MI from $1,100 (17 Rentals)

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Milford, MI Local Guide

Cheapest Neighborhoods for Apartments in Milford, MI

Pricing Updated: 06/14/2026

Current apartment rentals in the Milford, MI area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Milford Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Milford$2,095$1,4852

Cheapest Available Milford Apartments for Rent

 

The cheapest available apartment rental in Milford, MI is a 1 Bed unit found at The Village Apartments in the Liberty Park neighborhood priced from $868. Stone Ridge Apartments in the Liberty Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $945. Here is today’s list of the most affordable Milford apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Village ApartmentsPrimrose1BR,1BA$868
Stone Ridge ApartmentsOrchid1BR,1BA$945
Waterview Farms Apartments1x1 693sf1BR,1BA$985
1630 N Pontiac Trl1 BD / 1 BA1BR,1BA$1,000
The Springs Apartment HomesVerbena1BR,1BA$1,005

Best Value Apartments for Rent in Milford, MI

As of June 14, 2026 the best value apartment in the Milford area is the $1.50 price per square foot Brentwood Model at Pendleton Park Apartments in the starting from $1,675. The second greatest value Milford apartment is the Superior Model at The Crossing At Eagle Pond starting at $1,511 with a $1.37 price per square foot in the Downtown Walled Lake 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.
Pendleton Park ApartmentsBrentwood2BR,2BA$1.50
The Crossing At Eagle PondSuperior2BR,2BA$1.37
Portsmouth ApartmentsPetunia2BR,1BA$1.66
Kensington Park Apartments1 Bedroom 1 Bath1BR,1BA$1.46
Lakeshore Hilltop ApartmentsLakeview - 1 Bedroom1BR,1BA$1.55
Stone Ridge ApartmentsIris2BR,1BA$1.65
Waterview Farms Apartments1x1 693sf1BR,1BA$1.42
Town & Country Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.58
1630 N Pontiac Trl1 BD / 1 BA1BR,1BA$1.54
The Village ApartmentsPrimrose1BR,1BA$1.53

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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

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Frequently Asked Questions about Milford

What type of rentals are currently available in Milford?

There are currently 57 Apartments for Rent in Milford, MI with pricing that ranges from $868 to $3,350. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milford ranging from $1,149 to $5,500.

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 $1,149 to $5,500 with an average monthly rent of $2,771.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.