Cheap Homes for Rent in Milford, MI from $1,200 (8 Rentals)

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

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.

Milford, MI Local Guide

Cheapest Neighborhoods for Apartments in Milford, MI

Pricing Updated: 04/29/2026

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$2,065$1,4505

Cheapest Available Milford Apartments for Rent and Nearby

 

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 $890. Stone Ridge Apartments in the Liberty Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $953. Here is today’s list of the most affordable Milford apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Village ApartmentsPrimrose1BR,1BA$890
Stone Ridge ApartmentsOrchid1BR,1BA$953
Waterview Farms Apartments1x1 693sf1BR,1BA$985

Best Value Apartments for Rent in Milford, MI and Nearby

As of April 29, 2026 the best value apartment in the Milford area is the $1.48 price per square foot Breezewood Model at Redwood Hartland in the starting from $1,949. The second greatest value Milford apartment is the Cambridge Premium Model at Meadowood Park of Wixom starting at $1,799 with a $1.56 price per square foot in the Island Lake of Novi 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.
Redwood HartlandBreezewood2BR,2BA$1.48
Meadowood Park of WixomCambridge Premium3BR,2BA$1.56
Pine Ridge ApartmentsRanch2BR,2BA$1.33
Westgate VI201 - 2 Bdrm, 1 Bath2BR,1BA$1.26
Kensington Park Apartments2 Bedroom 1 Bath2BR,1BA$1.41
Beachwalk201 - 2 Bdrm, 1Bath2BR,1BA$1.52
Lakeshore Hilltop ApartmentsLakeview - 1 Bedroom1BR,1BA$1.55
Waterview Farms Apartments1x1 693sf1BR,1BA$1.42
1630 N Pontiac Trl1 BD / 1 BA1BR,1BA$1.54
The Village ApartmentsPrimrose1BR,1BA$1.57

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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Quick Rent Budget Calculator

How much rent can you afford?

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 $890 to $3,299. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milford ranging from $1,200 to $4,500.

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 $1,200 to $4,500 with an average monthly rent of $2,620.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.