Cheap Apartments for Rent in Millersburg, IA from $500 (24 Rentals)

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

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.

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280 S Chestnut St
2 Bedroom Apartments

280 S Chestnut St

280 S Chestnut StNorth Liberty, IA 52317

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.

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property at 2262 Holiday Rd

$1,050 - $1,150

2 Bedroom Rentals

Available Aug 1

2262 Holiday Rd

CoralvilleIA52241
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2870 Coral Ct
2 Bedroom Apartments

2870 Coral Ct

2870 Coral CtCoralville, IA 52241
  • Utilities Included

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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Showing Results 1-24, Page 1 of 1

Millersburg, IA Local Guide

Cheapest Available Millersburg Apartments for Rent and Nearby

 

The cheapest available apartment rental in Millersburg, IA is a 3 Beds unit found at The Reserves at South Lake in the East Gate Estates neighborhood priced from $536. Lakewood Hills Apartments in the Old Mill Creek neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here is today’s list of the most affordable Millersburg apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Reserves at South Lake3B2B3BR,2BA$536
Lakewood Hills ApartmentsStudioStudio,1BA$695
Aspire at West Campus2x2 Herky - Unfurnished2BR,2BA$812
Park Place2 Bdrm2BR,1BA$915
808 on 5thStudioStudio,1BA$995

Best Value Apartments for Rent in Millersburg, IA and Nearby

As of April 13, 2026 the best value apartment in the Millersburg area is the $0.54 price per square foot 3B2B Model at The Reserves at South Lake in the in the East Gate Estates neighborhood starting from $536. The second greatest value Millersburg apartment is the 2 BR/1 BA Model at 926 Harlocke St (IC) starting at $1,250 with a $1.25 price per square foot in the Cottage Hill neighborhood. Here is today’s list of the best values for Millersburg apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Reserves at South Lake3B2B3BR,2BA$0.54
926 Harlocke St (IC)2 BR/1 BA2BR,1BA$1.25
Penn Street PlaceCorner Windows2BR,2BA$1.80
Scotsdale2 Bdrm Sublet - Upper Floor2BR,1.5BA$1.17
The Banks Student Living2x2 A2BR,2BA$1.04
Park Place2 Bdrm2BR,1BA$1.22
The New York1 BR A - ALT 21BR,1BA$1.97
808 on 5th424 S1BR,1BA$1.75
Aspire at West Campus1x1 Kinnick - Unfurnished1BR,1BA$2.45
Lakewood Hills ApartmentsStudio GoldStudio ,1BA$2.45

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!

Explore Millersburg, IA Rentals by Map

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See the most popular apartments and homes in Millersburg, IA

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Frequently Asked Questions about Cheap Millersburg Apartments

What is the Cheapest Studio apartment in Millersburg?

Currently the most affordable Cheap Studio Apartment in Millersburg is at Lakewood Hills Apartments listed at $695.

How much is rent for a Cheap One Bedroom Millersburg Apartment?

The lowest price for a Cheap One Bedroom Millersburg Apartment is $845 at Lakewood Hills Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Millersburg is starting from $812 at Aspire at West Campus.

What is the most affordable Millersburg Three Bedroom Apartment?

The best deal on a cheap Millersburg Three Bedroom Apartment rental is at The Reserves at South Lake and starts from $536.

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.