Cheap Homes for Rent in Milton, IA from $500 (14 Rentals)

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

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.

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property at 116 N 5th St

116 N 5th St

BurlingtonIA52601

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-14, Page 1 of 1

Milton, IA Local Guide

Cheapest Available Milton Apartments for Rent and Nearby

 

The cheapest available apartment rental in Milton, IA is a 2 Beds unit found at 510 Wapello St S priced from $641. Park Madison Apartments in the Ginger Ridge neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Milton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
510 Wapello St SUnit 382BR,1BA$641
Park Madison Apartments1BR/1BA1BR,1BA$700
Green Gable CottagesGreen Gable - Memorial Park Rd1BR,1BA$750
Tisdale Apartments2 Bedroom2BR,1BA$760
The Burlington Apartments1BR/1BA1BR,1BA$795

Best Value Apartments for Rent in Milton, IA and Nearby

As of May 28, 2025 the best value apartment in the Milton area is the $1.08 price per square foot Three Beds Two Baths Model at Emerson Garden Apartments in the starting from $1,400. The second greatest value Milton apartment is the Churchill Lofts - 301 Model at Churchill Lofts starting at $998 with a $0.93 price per square foot in the Ginger Ridge neighborhood. Here is today’s list of the best values for Milton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Emerson Garden ApartmentsThree Beds Two Baths3BR,2BA$1.08
Churchill LoftsChurchill Lofts - 3012BR,1BA$0.93
School House Apartments1 Bedroom and 1 Bath1BR,1BA$0.89
Orchard Lane Apartments2BR/1.0BA2BR,1BA$0.96
Northern Plains by KadingCottage - 22BR,1BA$1.07
Louden LoftsTwo Bedroom2BR,2BA$1.00
Park Madison Apartments1BR/1BA1BR,1BA$0.93
Blaul LoftsBlaul Lofts - 4051BR,1BA$1.15
Tisdale Apartments2 Bedroom2BR,1BA$1.09
510 Wapello St SUnit 382BR,1BA$1.03

Quick Rent Budget Calculator

How much rent can you afford?

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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Frequently Asked Questions about Milton

What type of rentals are currently available in Milton?

There are currently 43 Apartments for Rent in Milton, IA with pricing that ranges from $300 to $1,900. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milton ranging from $585 to $3,700.

What is the current price range for Rental Homes in Milton?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Milton ranges from $585 to $3,700 with an average monthly rent of $1,268.

How much are larger Three and Four Bedroom Rentals in Milton?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Milton range from $340 to $1,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $755 to $3,700. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $1,058.

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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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.