
Cheap Apartments for Rent in Milltown, IN from $600 (63 Rentals)
Search the lowest-cost Apartments available for rent right now in Milltown.


Mason Manor Apartments

Brookview Glen

Knobs Pointe Apartments

Elm Grove Apartments

Total Monthly Price
Broadleaf Arms

Stone Creek Apartments I & II

Gaslight Square Apartments

River Grove Apartments

Locust Grove Apartments
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.

Willow Grove Apartments

Laurel at the Woodlands

Bayshore Townhomes

Total Monthly Price
Kingsfield Luxury Apartments

Willow Run

The Monroe

Silver Creek Commons East & West

701-709 Etzler Dr

Huntley Ridge New Albany

Riverport Landings Senior
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.

Whispering Woods I

Eclipse

Paddocks at Ridge Park

Total Monthly Price
Plaza Square Apartments

Riverport Landing Family Apartments

Heritage Springs Rentals

Hunters Run

Klerner Lane Apartments

St. James Place - 1/2 Off First and Last Month's Rent!

Adelyn Apartments
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.

The Breakwater

Lochwood

Sheffield Square

Villas at Green Valley

Grove Park

The Howard Residence

1743 Culbertson Ave

4806 Saddlebrook Ln

Christ the King Apartments

112 Boston Ct
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.

Madison Apartments

4913 Saddlebrook Ln

6500 & 6506 Hackel Dr

3404 Shagbark Rd

Spring Manor Apartments

West Baden Lofts

4435 Parker Ave

4912 Saddlebrook Ln

High Peaks

Arbor Place Apartments
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.
Milltown, IN Local Guide

How much does it cost to rent an apartment in Milltown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Milltown Studio Apartments | $1,096 | $719 | $1,215 |
| Milltown 1 Bedroom Apartments | $1,002 | $681 | $1,510 |
| Milltown 2 Bedroom Apartments | $1,226 | $859 | $1,607 |
| Milltown 3 Bedroom Apartments | $1,360 | $806 | $1,647 |
Browse Top Apartments in Milltown
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Milltown, IN Local Guide
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Cheapest Available Milltown Apartments for Rent and Nearby
 The cheapest available apartment rental in Milltown, IN is a 1 Bed unit found at Mason Manor Apartments priced from $695. Brookview Glen in the Downtown New Albany neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $719. Here is today’s list of the most affordable Milltown apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mason Manor Apartments | 5 | 1BR,1BA | $695 |
| Brookview Glen | Studio | Studio,1BA | $719 |
| Broadleaf Arms | One Bedroom One Bathroom | 1BR,1BA | $764 |
| Kingsfield Luxury Apartments | One Bedroom | 1BR,1BA | $850 |
| Willow Run | One Bed One Bath | 1BR,1BA | $879 |
| The Monroe | 1 Bedroom and 1 Bathroom | 1BR,1BA | $899 |
| Silver Creek Commons East & West | 2 Bedroom East Large | 2BR,2BA | $900 |
| 701-709 Etzler Dr | 2 Bedroom | 2BR,1BA | $900 |
| Huntley Ridge New Albany | 2 Bedroom 1 Bathroom | 2BR,1BA | $935 |
| Valley Ridge | Two Bedroom Townhome | 2BR,1BA | $983 |
Best Value Apartments for Rent in Milltown, IN and Nearby
As of May 08, 2026 the best value apartment in the Milltown area is the $1.05 price per square foot C1 Model at Riverport Landing Family Apartments in the in the Riverside Gardens neighborhood starting from $1,240. The second greatest value Milltown apartment is the Villas of Heritage Springs Townhomes Model at Heritage Springs Rentals starting at $1,150 with a $1.00 price per square foot . Here is today’s list of the best values for Milltown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Riverport Landing Family Apartments | C1 | 3BR,2BA | $1.05 |
| Heritage Springs Rentals | Villas of Heritage Springs Townhomes | 3BR,1.5BA | $1.00 |
| Adelyn Apartments | 7 | 2BR,2BA | $1.03 |
| Huntley Ridge New Albany | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.94 |
| Plaza Square Apartments | 2x1 | 2BR,1BA | $1.00 |
| Riverport Landings Senior | 2B1B | 2BR,1BA | $1.02 |
| Valley Ridge | Two Bedroom Townhome | 2BR,1BA | $1.03 |
| 701-709 Etzler Dr | 2 Bedroom | 2BR,1BA | $1.00 |
| Kingsfield Luxury Apartments | One Bedroom | 1BR,1BA | $0.94 |
| Broadleaf Arms | One Bedroom One Bathroom | 1BR,1BA | $0.96 |
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 Milltown, IN Rentals by Map
See the most popular apartments and homes in Milltown, IN
Frequently Asked Questions about Cheap Milltown Apartments
How much is rent for a Cheap One Bedroom Milltown Apartment?
The lowest price for a Cheap One Bedroom Milltown Apartment is $695 at Mason Manor Apartments.
What is the lowest price for a Cheap Two Bedroom Milltown Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Milltown is starting from $839 at Chapman Crossing.
What is the most affordable Milltown Three Bedroom Apartment?
The best deal on a cheap Milltown Three Bedroom Apartment rental is at Valley Ridge and starts from $1,138.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.