
Cheap Homes for Rent in Milroy, IN from $500 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Milroy.


129 W Hendricks St

135 W Hendricks St
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.

106 W Broadway St

108 W Pennsylvania St

316 E Franklin St

1902 Rosemont Ave

617 W Franklin St

424 S Pike St

20 Wilson St

217 N Hamilton St

233 W 4th 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 a home in Milroy?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Milroy 2 Bedroom Homes for Rent | $1,299 | $575 | $2,995 |
Milroy 3 Bedroom Homes for Rent | $1,810 | $1,250 | $2,500 |
Milroy 4 Bedroom Homes for Rent | $1,866 | $1,445 | $2,200 |
Milroy 5 Bedroom Homes for Rent | $2,770 | $2,770 | $2,770 |
Browse Top Homes for Rent in Milroy
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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. LINCOLN PARK APARTMENTS has the second lowest priced unit, which is a 1 Bed apartment currently listed from $470. 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 |
LINCOLN PARK APARTMENTS | One Bedroom One Bathroom | 1BR,1BA | $470 |
The Crossings | Studio | Studio,1BA | $595 |
Academy Place Apartments | 1 BR 1 Bath | 1BR,1BA | $675 |
Bloomfield Apartments | One Bedroom | 1BR,1BA | $775 |
Best Value Apartments for Rent in Milroy, IN and Nearby
As of September 06, 2025 the best value apartment in the Milroy area is the $1.18 price per square foot L3 Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $1,899. The second greatest value Milroy apartment is the HARMONY Model at Sandalwood starting at $1,695 with a $1.13 price per square foot . 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 | 3BR,2BA | $1.18 |
Sandalwood | HARMONY | 3BR,2BA | $1.13 |
Arbor at Water's Edge | 3BR Upstairs | 3BR,2BA | $1.12 |
Townhomes at 28th | Two Bedroom One Bath | 2BR,1BA | $1.17 |
Academy Place Apartments | 1 BR 1 Bath | 1BR,1BA | $0.68 |
Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $1.09 |
Williamsburg Way | The Richmond | 2BR,1BA | $1.04 |
LINCOLN PARK APARTMENTS | Two Bedrooms One Bathroom | 2BR,1BA | $0.89 |
Grand Avenue Commons | 1 Bed, 1 bath | 1BR,1BA | $0.54 |
Vita of Greenfield Independent Living | One Bed - 671 Sqft | 1BR,1BA | $1.20 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Milroy
What type of rentals are currently available in Milroy?
There are currently 45 Apartments for Rent in Milroy, IN with pricing that ranges from $376 to $2,595. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milroy ranging from $575 to $2,995.
What is the current price range for Rental Homes in Milroy?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Milroy ranges from $575 to $2,995 with an average monthly rent of $1,509.
How much are larger Three and Four Bedroom Rentals in Milroy?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Milroy range from $1,299 to $2,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,445 and Four Bedroom Apartments start at $1,600.
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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.