2145-2145 5 Ave N
LethbridgeABT1H 0N6
Cheap Homes for Rent in Milk River, AB from $1,300 (3 Rentals)
Search the lowest-cost Homes available for rent right now in Milk River.
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.
5 Berkeley Pl W
LethbridgeABT1K 5M9
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.
523 Blackfoot Manor W
LethbridgeABT1K 7X7
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Milk River, AB Local Guide
How much does it cost to rent a home in Milk River?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Milk River 2 Bedroom Homes for Rent | $1,485 | $1,395 | $1,549 |
| Milk River 3 Bedroom Homes for Rent | $1,919 | $1,650 | $1,999 |
| Milk River 4 Bedroom Homes for Rent | $1,850 | $1,750 | $1,950 |
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Milk River, AB Local Guide
- Nearby Cities
Best Value Apartments for Rent in Milk River, AB and Nearby
As of April 25, 2026 the best value apartment in the Milk River area is the $1.50 price per square foot 2 bedroom Townhouse Model at Highland Park Townhomes in the starting from $1,400. The second greatest value Milk River apartment is the 2 Bedroom Model at University Townhomes starting at $1,400 with a $1.92 price per square foot . Here is today’s list of the best values for Milk River apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Highland Park Townhomes | 2 bedroom Townhouse | 2BR,1BA | $1.50 |
| University Townhomes | 2 Bedroom | 2BR,1BA | $1.92 |
| Dhillon Tower | 1 bedroom | 1BR,1BA | $2.04 |
| Westwood Apartments | - Bachelor | Studio ,1BA | $2.10 |
| Berkeley Square | - 1 Bedroom | 1BR,1BA | $2.55 |
| Flamborough Garden | - 1 Bedroom | 1BR,1BA | $2.42 |
| Palm Road Apartments | - Bachelor | Studio ,1BA | $2.81 |
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.
Read Article
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 ArticleThe 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.
Read ArticleCash 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.
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.
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Explore Milk River, AB Rentals by Map
See the most popular apartments and homes in Milk River, AB
Frequently Asked Questions about Milk River
What type of rentals are currently available in Milk River?
There are currently 14 Apartments for Rent in Milk River, AB with pricing that ranges from $1,155 to $1,999. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milk River ranging from $1,395 to $1,999.
What is the current price range for Rental Homes in Milk River?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Milk River ranges from $1,395 to $1,999 with an average monthly rent of $1,751.
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
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.
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.
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.
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.