Cheap Apartments for Rent in Milton, NC from $500 (46 Rentals)

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

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.

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Heritage Apartments
Rent Specials
$1,157 - $1,670
Total Monthly Price

Total Monthly Price

Base Rent
$1,157 - $1,670
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Heritage Apartments

405 Thomas Burke DrHillsborough, NC 27278
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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Moore Apartments
Studio to 2 Bedroom Apartments

Moore Apartments

325-333 E Davis StBurlington, NC 27215
  • Utilities Included
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Ray Commons
Studio to 2 Bedroom Apartments

Ray Commons

625 Washington StEden, NC 27288
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224 The Blvd
1 Bedroom Apartments

224 The Blvd

224 The BlvdEden, NC 27288
Corporate Housing
  • Utilities Included
property at 5109 Dry Fork Rd

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

2 Bedroom, 1 Bath Home for Rent

Available Now

5109 Dry Fork Rd

Dry ForkVA24549
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Courtyard Apartments
Studio to 2 Bedroom Apartments

Courtyard Apartments

852 S Main StBurlington, NC 27215
  • Utilities Included
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58 West Apartments
2 Bedroom Apartments

58 West Apartments

12265 Martinsville HwyDanville, VA 24541
  • Utilities Included
property at 863 Stokes St

$1,050

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

2 Bedroom, 1 Bath Home for Rent

Available Now

863 Stokes St

DanvilleVA24541

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.

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West Village Apartments
2 to 3 Bedroom Apartments

West Village Apartments

115 Holiday Park RdHillsborough, NC 27278
Corporate Housing
property at 3553 Reeves Mill Rd

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

3553 Reeves Mill Rd

SutherlinVA24594
property at 713 Springfield Rd

$1,200

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

3 Bedroom, 2 Bath Townhome for Rent

Available Now

713 Springfield Rd

DanvilleVA24540
property at 216 Charlotte Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

3 Bedroom, 1 Bath Home for Rent

Available Now

216 Charlotte Ave

DanvilleVA24541
property at 121 Hamlin Ave

$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

121 Hamlin Ave

DanvilleVA24540
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TB Fitzgerald
1 to 2 Bedroom Apartments

TB Fitzgerald

227 Lynn StDanville, VA 24541
  • Utilities Included
property at 726 Mountain Rd

$1,255

Total Monthly Price

Total Monthly Price

Base Rent
$1,255
Total Monthly Price
$1,255

1 Bedroom, 1 Bath Condo for Rent

Available Now

726 Mountain Rd

HalifaxVA24558
property at 118 Carrollton Rd

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

3 Bedroom, 1 Bath Home for Rent

Available Now

118 Carrollton Rd

DanvilleVA24540

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 223 Wendell Scott Dr

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

3 Bedroom, 1 Bath Home for Rent

Available Now

223 Wendell Scott Dr

DanvilleVA24540
Showing Results 1-46, Page 1 of 1

Milton, NC Local Guide

Cheapest Available Milton Apartments for Rent and Nearby

 

The cheapest available apartment rental in Milton, NC is a 1 Bed unit found at Dillard School priced from $533. Evellien & Provence: Townhomes + Apartments Student Housing in the North Burlington neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $685. Here is today’s list of the most affordable Milton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Dillard School1 Bed, 1 bath1BR,1BA$533
Evellien & Provence: Townhomes + Apartments Student HousingProvence Apartments4BR,2BA$685
Willow Creek2BR/1.0BA2BR,1BA$695
Lynn Street Lofts2BR/2.0BA2BR,2BA$929
The Venue Apartment HomesPhase 1 - 1 x 1Standard-Call For Availability1BR,1BA$1,025
Parkridge ApartmentsThe Willow1BR,1BA$1,050
Oakmont ApartmentsUpstairs 2 Bedroom/1.5 Bath2BR,1BA$1,050
Stonebrook Apartments1 Bedroom1BR,1BA$1,062
River District LoftsRiver District Lofts1BR,1BA$1,100
Chatham LoftsOne Bedroom Flat1BR,1BA$1,125

Best Value Apartments for Rent in Milton, NC and Nearby

As of June 11, 2026 the best value apartment in the Milton area is the $1.28 price per square foot 2BR/2.0BA Model at Dan River Crossing Apartments in the starting from $1,650. The second greatest value Milton apartment is the Three Bedroom 2 Bath - 1,274 sqft Model at Carden Place Apartment Homes starting at $1,530 with a $1.20 price per square foot in the Fieldstone Farms 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.
Dan River Crossing Apartments2BR/2.0BA2BR,2BA$1.28
Carden Place Apartment HomesThree Bedroom 2 Bath - 1,274 sqft3BR,2BA$1.20
Lynn Street Lofts2BR/2.0BA2BR,2BA$0.77
Spring Forest at DeerfieldBordeaux2BR,2BA$1.16
New Brick Historic Lofts2BR/2.0BA2BR,2BA$1.28
Weddington Place2 Beds, 2 baths2BR,2BA$1.30
Oakmont ApartmentsDownstairs 2 Bed/1.5 Bath2BR,1.5BA$1.07
Alexander Pointe Apartments1 Bedroom 1 Bath Luxury Apartment Home1BR,1BA$1.41
Stonebrook Apartments1 Bedroom1BR,1BA$1.36
Dillard School1 Bed, 1 bath1BR,1BA$0.79

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.

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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!

Explore Milton, NC Rentals by Map

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See the most popular apartments and homes in Milton, NC

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Frequently Asked Questions about Cheap Milton Apartments

How much is rent for a Cheap One Bedroom Milton Apartment?

The lowest price for a Cheap One Bedroom Milton Apartment is $533 at Dillard School.

What is the lowest price for a Cheap Two Bedroom Milton Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Milton is starting from $695 at Willow Creek.

What is the most affordable Milton Three Bedroom Apartment?

The best deal on a cheap Milton Three Bedroom Apartment rental is at Stonebrook Apartments and starts from $1,270.

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

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.