Cheap Homes for Rent near Milroy, MN from $700 (9 Rentals)

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

property at 305 S Broadway St

$795

Total Monthly Price

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

1 Bedroom, 1 Bath Townhome for Rent

Available Now

305 S Broadway St

New UlmMN56073
property at 512 Maple Ln

$848

Total Monthly Price

Total Monthly Price

Base Rent
$848

Total Monthly Price
$848

1 Bedroom, 1 Bath Townhome for Rent

Available Now

512 Maple Ln

Grove CityMN56243
property at 313 5th St S

$848

Total Monthly Price

Total Monthly Price

Base Rent
$848

Total Monthly Price
$848

1 Bedroom, 1 Bath Townhome for Rent

Available Now

313 5th St S

Grove CityMN56243
property at 619 S Armstrong Ave

$850 - $1,300

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

1 To 2 Bedroom Rentals

Available Aug 1

619 S Armstrong Ave

LitchfieldMN55355

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 226 3rd Ave S

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Townhome for Rent

Available Now

226 3rd Ave S

BrowntonMN55312

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.

property at 325 Litchfield Ave SE

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

325 Litchfield Ave SE

WillmarMN56201

Milroy, MN Local Guide

Cheapest Available Milroy Apartments for Rent and Nearby

 

The cheapest available apartment rental in Milroy, MN is a 1 Bed unit found at 512 Vernon Ave priced from $595. Sunshine Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Milroy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
512 Vernon AveOne Bedroom1BR,1BA$595
Sunshine Apartments1 Bedroom and 1 bathroom1BR,1BA$725
Bethel On BryantRenville - 1/11BR,1BA$745

Best Value Apartments for Rent in Milroy, MN and Nearby

As of July 09, 2026 the best value apartment in the Milroy area is the $0.85 price per square foot Two Bedroom, Handicap Model at Paris Park Townhomes in the in the Downtown Marshall neighborhood starting from $1,180. The second greatest value Milroy apartment is the Three Bedroom Model at Eagle Ridge Townhomes starting at $1,065 with a $0.79 price per square foot . 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.
Paris Park TownhomesTwo Bedroom, Handicap2BR,1.5BA$0.85
Eagle Ridge TownhomesThree Bedroom3BR,1.5BA$0.79
Somerset PropertiesThree Bedroom - Somerset3BR,2BA$1.10
Windom Landing2 Bedroom - Lower Level ADA2BR,2BA$0.89
1212 Heckman CtStudioStudio ,1BA$0.83
Nobles Square Apartments2 Bedroom2BR,1BA$1.09
Downtown Estates1 Bed, 1 bath1BR,1BA$0.99
512 Vernon AveTwo Bedroom2BR,1BA$0.87
Bethel On BryantRenville - 1/11BR,1BA$0.96
Red Skye Lofts1 Bedroom1BR,1BA$1.12

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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Real 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.

Read Article
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Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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 90 Apartments for Rent in Milroy, MN with pricing that ranges from $595 to $2,100. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milroy ranging from $795 to $4,500.

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 $795 to $4,500 with an average monthly rent of $1,984.

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 $1,150 to $1,960, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $2,295. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $1,350.

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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.