
Cheap Homes for Rent near Milltown, IN from $800 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Milltown.


335 S Shawnee Terrace

4435 Parker Ave

655 S 35th St

3911 Larkwood Ave

31 W 1st St
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.

3831 Horne Ave

6503 Elmwood St

4232 Grantline View Ct

1227 Vincennes St

4235 Mel Smith Rd

112 S 46th St
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.

328 Cecil Ave
Milltown, IN Local Guide

How much does it cost to rent a home in Milltown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Milltown 2 Bedroom Homes for Rent | $1,105 | $900 | $1,295 |
| Milltown 3 Bedroom Homes for Rent | $1,636 | $1,200 | $2,050 |
| Milltown 4 Bedroom Homes for Rent | $1,753 | $900 | $3,199 |
Browse Top Homes for Rent 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 Studio unit found at Brookview Glen in the New Albany neighborhood priced from $719. Knobs Pointe Apartments in the New Albany neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $740. Here is today’s list of the most affordable Milltown apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brookview Glen | Studio | Studio,1BA | $719 |
| Knobs Pointe Apartments | 1 Bedroom 1 Bath B | 1BR,1BA | $740 |
| Laurel at the Woodlands | 1 Bed 1 Bath | 1BR,1BA | $828 |
| The Monroe | 1 Bedroom and 1 Bathroom | 1BR,1BA | $849 |
| Willow Run | One Bed One Bath | 1BR,1BA | $889 |
Best Value Apartments for Rent in Milltown, IN and Nearby
As of August 08, 2026 the best value apartment in the Milltown area is the $1.00 price per square foot Villas of Heritage Springs Townhomes Model at Heritage Springs Rentals in the starting from $1,150. The second greatest value Milltown apartment is the Three Bedroom Townhome Model at Valley Ridge starting at $1,161 with a $1.02 price per square foot in the New Albany neighborhood. 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. |
|---|---|---|---|
| Heritage Springs Rentals | Villas of Heritage Springs Townhomes | 3BR,1.5BA | $1.00 |
| Valley Ridge | Three Bedroom Townhome | 3BR,1BA | $1.02 |
| Cane Run Station | Two Bed Two Bath | 2BR,2BA | $1.06 |
| Adelyn Apartments | 4235-9 | 2BR,2BA | $1.07 |
| Huntley Ridge New Albany | Willow | 2BR,1BA | $0.94 |
| Plaza Square Apartments | 2x1 | 2BR,1BA | $1.00 |
| Sheffield Square | One Bedroom One Bath | 1BR,1BA | $1.05 |
| 701-709 Etzler Dr | 2 Bedroom | 2BR,1BA | $1.00 |
| Knobs Pointe Apartments | 1 Bedroom 1 Bath B | 1BR,1BA | $0.87 |
| The Monroe | 1 Bedroom and 1 Bathroom | 1BR,1BA | $1.06 |
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.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Milltown, IN
Frequently Asked Questions about Milltown
What type of rentals are currently available in Milltown?
There are currently 59 Apartments for Rent in Milltown, IN with pricing that ranges from $420 to $1,720. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milltown ranging from $800 to $3,199.
What is the current price range for Rental Homes in Milltown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Milltown ranges from $800 to $3,199 with an average monthly rent of $1,454.
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.

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.