
Cheap Apartments for Rent near Milford, NE from $500 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in Milford.


648 S 12th - 12H Apartments

640 S 12th - 12H Apartments

Century House

Garden Brooke Apartments

Colonial Courts

Arapahoe Village

Salt Valley View Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Bella Properties

Crete Senior Villas

Parkview Apartments

Fountain Glen

Porchlight Apartments

Union at Middle Creek

Skyline View

Meadow Wood
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Foxtail Meadows - South

Folsom Ridge

Heartland Flats Lincoln

Canopy Park

HORIZON

Chantacleer Apartments

Highland View Apartments

theVUE
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

The Dakota

Total Monthly Price
HiPark - FrontNine

Marshall Apartments

Sierra Suites

The Grove Apartment Homes

Willys Knight Lofts

Sky Park Apartments

1612 F Street
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.

515 W Saunders Ave

1522 D St

926 A

Lakeview Park

1027 A St

729 H St

WC Shinn Lofts

LINQ Portfolio
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.

922 A

1717 S 14th St

The Grand Manse

2209 Hawthorne Ave
Milford, NE Local Guide

How much does it cost to rent an apartment in Milford?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Milford Studio Apartments | $996 | $650 | $1,325 |
| Milford 1 Bedroom Apartments | $1,183 | $250 | $1,728 |
| Milford 2 Bedroom Apartments | $1,361 | $800 | $4,995 |
| Milford 3 Bedroom Apartments | $1,687 | $690 | $3,899 |
| Milford 4 Bedroom Apartments | $1,044 | $539 | $3,000 |
Browse Top Apartments in Milford
See all Apartments in MilfordExplore Milford
Milford, NE Local Guide
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Cheapest Available Milford Apartments for Rent and Nearby
 The cheapest available apartment rental in Milford, NE is a 1 Bed unit found at Capitol View Tower Apartments - Seniors 62+ in the Haymarket neighborhood priced from $250. Century House in the Haymarket neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here is today’s list of the most affordable Milford apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Capitol View Tower Apartments - Seniors 62+ | 1 Bed, 1 bath | 1BR,1BA | $250 |
| Century House | Small Studio | Studio,1BA | $650 |
| Garden Brooke Apartments | 1 Bed 1 Bath | 1BR,1BA | $695 |
| Latitude Lincoln | 4BR/3BA - C Premium | 4BR,3BA | $699 |
| Arapahoe Village | One Bedroom | 1BR,1BA | $700 |
| Salt Valley View Apartments | One Bedroom | 1BR,1BA | $750 |
| LivRed | D1 - 4x4 | 4BR,4BA | $775 |
| Crete Senior Villas | 2 Bed 1 Bath | 2BR,1BA | $800 |
| Parkview Apartments | 1BD ADA | 1BR,1BA | $820 |
| Fountain Glen | Butler | Studio,1BA | $835 |
Best Value Apartments for Rent in Milford, NE and Nearby
As of August 19, 2026 the best value apartment in the Milford area is the $0.60 price per square foot D1 - 4x4 Model at LivRed in the in the Haymarket neighborhood starting from $775. The second greatest value Milford apartment is the Soze Model at The Parkhaus - Leasing By Bedroom starting at $650 with a $0.60 price per square foot in the Haymarket neighborhood. Here is today’s list of the best values for Milford apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| LivRed | D1 - 4x4 | 4BR,4BA | $0.60 |
| The Parkhaus - Leasing By Bedroom | Soze | 4BR,2BA | $0.60 |
| The Quarters Lincoln | C - 3x3 | 3BR,3BA | $0.64 |
| Marshall Apartments | 2 Bedroom, 1 Bathroom - 1032 SF | 2BR,1BA | $1.14 |
| Crete Senior Villas | 2 Bed 1 Bath | 2BR,1BA | $0.87 |
| Colonial Courts | 2 Bedroom | 2BR,1BA | $1.15 |
| Garden Brooke Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.15 |
| Salt Valley View Apartments | One Bedroom | 1BR,1BA | $1.15 |
| Arapahoe Village | One Bedroom | 1BR,1BA | $1.09 |
| Capitol View Tower Apartments - Seniors 62+ | 1 Bed, 1 bath | 1BR,1BA | $0.43 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Milford, NE Rentals by Map
See the most popular apartments and homes in Milford, NE
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 Century House listed at $650.
How much is rent for a Cheap One Bedroom Milford Apartment?
The lowest price for a Cheap One Bedroom Milford Apartment is $250 at Capitol View Tower Apartments - Seniors 62+.
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 $800 at Crete Senior Villas.
What is the most affordable Milford Three Bedroom Apartment?
The best deal on a cheap Milford Three Bedroom Apartment rental is at Union at Middle Creek and starts from $1,249.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.