
Cheap Apartments for Rent in Milroy, IN from $300 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in Milroy.


LINCOLN PARK APARTMENTS

The Annex of Columbus

The Crossings

Academy Place Apartments
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.

Oakmont Apartments

Historic Greensburg - 55+ Senior Living

1623 N Illinois Ave

106 W Broadway St

316 E Franklin St
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

How much does it cost to rent an apartment in Milroy?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Milroy Studio Apartments | $691 | $595 | $1,250 |
| Milroy 1 Bedroom Apartments | $950 | $376 | $1,661 |
| Milroy 2 Bedroom Apartments | $1,234 | $459 | $2,249 |
| Milroy 3 Bedroom Apartments | $1,477 | $1,099 | $2,200 |
| Milroy 4 Bedroom Apartments | $1,165 | $485 | $1,600 |
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Milroy, IN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Grand Avenue Commons | 1 Bed, 1 bath | 1BR,1BA | $376 |
| The Annex of Columbus | 4 Bed 2 Bath | 4BR,2BA | $485 |
| The Crossings | Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Links at Franklin | L3-SUN | 3BR,2BA | $1.05 |
| Stonegate | Two Bedroom Two Bath | 2BR,2BA | $1.26 |
| Arbor at Water's Edge | 2BR Upstairs | 2BR,2BA | $1.18 |
| Townhomes at 28th | Two Bedroom One Bath | 2BR,1BA | $1.17 |
| The Annex of Columbus | 4 Bed 2 Bath | 4BR,2BA | $0.48 |
| Greenfield Crossing Apartments | Cobblestone | 2BR,2BA | $1.30 |
| Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $1.04 |
| LINCOLN PARK APARTMENTS | Two Bedrooms One Bathroom | 2BR,1BA | $0.89 |
| Academy Place Apartments | 2 BR 2 Bath | 2BR,1BA | $0.94 |
| Grand Avenue Commons | 1 Bed, 1 bath | 1BR,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.
Read ArticleDon'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 ArticleThe 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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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
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 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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.