Cheap Apartments for Rent in Milroy, IN from $300 (10 Rentals)

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

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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.

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.

Milroy, IN Local Guide

Cheapest Available Milroy Apartments for Rent and Nearby

 

The cheapest available apartment rental in Milroy, IN is a 1 Bed unit found at Grand Avenue Commons priced from $376. The Annex of Columbus has the second lowest priced unit, which is a 4 Beds apartment currently listed from $485. Here is today’s list of the most affordable Milroy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$376
The Annex of Columbus4 Bed 2 Bath4BR,2BA$485
The CrossingsStudioStudio,1BA$595

Best Value Apartments for Rent in Milroy, IN and Nearby

As of October 26, 2025 the best value apartment in the Milroy area is the $1.05 price per square foot L3-SUN Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $2,000. The second greatest value Milroy apartment is the Two Bedroom Two Bath Model at Stonegate starting at $1,359 with a $1.26 price per square foot in the Downtown Columbus IN neighborhood. Here is today’s list of the best values for Milroy apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Links at FranklinL3-SUN3BR,2BA$1.05
StonegateTwo Bedroom Two Bath2BR,2BA$1.26
Arbor at Water's Edge2BR Upstairs2BR,2BA$1.18
Townhomes at 28thTwo Bedroom One Bath2BR,1BA$1.17
The Annex of Columbus4 Bed 2 Bath4BR,2BA$0.48
Greenfield Crossing ApartmentsCobblestone2BR,2BA$1.30
Martin Estates ApartmentsTwo Bedroom One Bath2BR,1BA$1.04
LINCOLN PARK APARTMENTSTwo Bedrooms One Bathroom2BR,1BA$0.89
Academy Place Apartments2 BR 2 Bath2BR,1BA$0.94
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$0.54

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Getting Around Milroy, IN

Walk Score®

4 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

25 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Milroy Apartments

What is the Cheapest Studio apartment in Milroy?

Currently the most affordable Cheap Studio Apartment in Milroy is at The Crossings listed at $595.

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

The lowest price for a Cheap One Bedroom Milroy Apartment is $376 at Grand Avenue Commons.

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

Today's best deal for a Cheap Two Bedroom Apartment in Milroy is starting from $459 at Grand Avenue Commons.

What is the most affordable Milroy Three Bedroom Apartment?

The best deal on a cheap Milroy Three Bedroom Apartment rental is at Williamsburg Way and starts from $1,099.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.