Cheap Homes for Rent in Milroy, IN from $600 (8 Rentals)

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

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.

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.

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. 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 ListingModel NameBed/BathPriced From
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$376
LINCOLN PARK APARTMENTSOne Bedroom One Bathroom1BR,1BA$470
The CrossingsStudioStudio,1BA$575

Best Value Apartments for Rent in Milroy, IN and Nearby

As of July 08, 2025 the best value apartment in the Milroy area is the $1.33 price per square foot HARMONY Model at Sandalwood in the starting from $1,995. The second greatest value Milroy apartment is the Three Bedroom Apartment II. Model at Loper Commons starting at $1,335 with a $1.22 price per square foot in the Downtown Shelbyville 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.
SandalwoodHARMONY3BR,2BA$1.33
Loper CommonsThree Bedroom Apartment II.3BR,2BA$1.22
Arbor at Water's Edge2BR Upstairs2BR,2BA$1.16
Townhomes at 28thTwo Bedroom One Bath2BR,1BA$1.17
Greenfield VillageWinston2BR,2BA$1.29
Martin Estates ApartmentsTwo Bedroom One Bath2BR,1BA$1.09
Williamsburg WayThe Richmond2BR,1BA$1.04
LINCOLN PARK APARTMENTSTwo Bedrooms One Bathroom2BR,1BA$0.89
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$0.54
The Annex of Columbus2 Bed 2 Bath2BR,2BA$1.06

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Frequently Asked Questions about Milroy

What type of rentals are currently available in Milroy?

There are currently 42 Apartments for Rent in Milroy, IN with pricing that ranges from $376 to $3,139. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milroy ranging from $650 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 $650 to $2,995 with an average monthly rent of $1,583.

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 $975 to $2,391, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,049 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,710 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.

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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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.