Cheap Apartments for Rent in Mill Shoals, IL from $500 (42 Rentals)

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Search the lowest-cost Apartments available for rent right now in Mill Shoals.

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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1900 N Willow Rd
1 to 3 Bedroom Apartments

1900 N Willow Rd

1900 N Willow RdEvansville, IN 47711
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Maple Valley Townhomes
2 Bedroom Apartments

Maple Valley Townhomes

618 E Waverly StMorganfield, KY 42437
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Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
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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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Elmdale Apartments
1 Bedroom Apartments

Elmdale Apartments

3924 N Elmdale RdOlney, IL 62450
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 1330 SE 2nd St

1330 SE 2nd St

EvansvilleIN47713
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Mill Shoals, IL Local Guide

Cheapest Available Mill Shoals Apartments for Rent and Nearby

 

The cheapest available apartment rental in Mill Shoals, IL is a 1 Bed unit found at Anchor Court Apartments in the Howell neighborhood priced from $690. SPRING VALLEY FLATS in the Oakhill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Mill Shoals apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Anchor Court Apartments1BR/1.0BA1BR,1BA$690
SPRING VALLEY FLATSCastlewood 1 Bedroom1BR,1BA$695
Southern Meadows Senior Living1 Bed Apt1BR,1BA$695
Foxfire West Apartments1 Bedroom 1 Bath Fireplace1BR,1BA$775
Woodbridge PlaceThe Flowering Pink Dogwood1BR,1BA$799
The Forge on MainStudio AStudio,1BA$800
Naveen Pine TownhomesIncome-Restricted Two Bedroom Apartment Home2BR,1BA$814
TERRA TRACEThe Dogwood1BR,1BA$849
Shawnee Village1 BR /1 BA1BR,1BA$853
Market Street ApartmentsINMKS 0x1Studio,1BA$865

Best Value Apartments for Rent in Mill Shoals, IL and Nearby

As of June 27, 2025 the best value apartment in the Mill Shoals area is the $1.07 price per square foot Prime Living at Its Finest: Luxurious Stand-Alo... Model at Circle Point Villas in the starting from $1,650. The second greatest value Mill Shoals apartment is the 2BR/2.0BA Model at Apartments@41 starting at $1,400 with a $1.15 price per square foot in the Business 41 neighborhood. Here is today’s list of the best values for Mill Shoals apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Circle Point VillasPrime Living at Its Finest: Luxurious Stand-Alo...3BR,2BA$1.07
Apartments@412BR/2.0BA2BR,2BA$1.15
Eagle Village4BR/2BA - Furnished4BR,2BA$0.50
Liv at Locust CreekLuxury Dresden2BR,1.5BA$1.15
Vail Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.07
Chesterfield Village2 Bedroom 1 Bathroom2BR,1BA$1.17
Mission Viejo VillasB- Barcelona1BR,1BA$1.13
Lakewood Flats1 Bedroom Deluxe1BR,1BA$1.13
North ParkMcCallister1BR,1BA$1.10
Naveen Pine TownhomesIncome-Restricted Two Bedroom Apartment Home2BR,1BA$1.19

Quick Rent Budget Calculator

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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!

Explore Mill Shoals, IL Rentals by Map

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See the most popular apartments and homes in Mill Shoals, IL

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Getting Around Mill Shoals, IL

Walk Score®

7 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

28 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Mill Shoals Apartments

What is the Cheapest Studio apartment in Mill Shoals?

Currently the most affordable Cheap Studio Apartment in Mill Shoals is at The Forge on Main listed at $800.

How much is rent for a Cheap One Bedroom Mill Shoals Apartment?

The lowest price for a Cheap One Bedroom Mill Shoals Apartment is $690 at Anchor Court Apartments.

What is the lowest price for a Cheap Two Bedroom Mill Shoals Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Mill Shoals is starting from $814 at Naveen Pine Townhomes.

What is the most affordable Mill Shoals Three Bedroom Apartment?

The best deal on a cheap Mill Shoals Three Bedroom Apartment rental is at Shawnee Village and starts from $1,270.

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.