
Cheap Apartments for Rent in New Milford, IL from $400 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in New Milford.


Roberts Court

Longwood Garden Apartments

The Arbors

Whitestone Manor Apartments
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.

Beacon Hill Apartments

Millbrook Townhomes

Carlton Apartments

Carthage Apartments

Immaculate Updated 1 & 2 Bedroom with 1 Bath
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.

One bedroom apartment with balcony

Immaculate 1 Bedroom Apartment

Immaculate Updated 2 Bedroom 1 bathroom

914 18th Ave

638 N Winnebago St
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.
New Milford, IL Local Guide

How much does it cost to rent an apartment in New Milford?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Milford Studio Apartments | $1,093 | $850 | $1,399 |
| New Milford 1 Bedroom Apartments | $1,052 | $480 | $1,699 |
| New Milford 2 Bedroom Apartments | $1,463 | $480 | $2,500 |
| New Milford 3 Bedroom Apartments | $1,689 | $1,199 | $2,560 |
Browse Top Apartments in New Milford
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New Milford, IL Local Guide
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Cheapest Available New Milford Apartments for Rent and Nearby
 The cheapest available apartment rental in New Milford, IL is a 2 Beds unit found at Rockford Housing Authority in the Central Terrace neighborhood priced from $480. Roberts Court in the Central Terrace neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $715. Here is today’s list of the most affordable New Milford apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rockford Housing Authority | Park Terrace 2 Bed | 2BR,1BA | $480 |
| Roberts Court | 1 Bed, 1 bath | 1BR,1BA | $715 |
| Longwood Garden Apartments | 1 Bedroom | 1BR,1BA | $718 |
| Carlton Apartments | 2 bedroom one bathroom | 2BR,1BA | $835 |
| The Arbors | 1 Bedroom Alpine with Patio | 1BR,1BA | $899 |
Best Value Apartments for Rent in New Milford, IL and Nearby
As of February 21, 2026 the best value apartment in the New Milford area is the $1.10 price per square foot Avalon Model at Harbour East in the in the East Rockford neighborhood starting from $2,150. The second greatest value New Milford apartment is the Woods Three Bedroom Attached Garage Model at The Hamptons starting at $2,010 with a $1.18 price per square foot in the Rolling Green neighborhood. Here is today’s list of the best values for New Milford apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Harbour East | Avalon | 2BR,2.5BA | $1.10 |
| The Hamptons | Woods Three Bedroom Attached Garage | 3BR,2BA | $1.18 |
| 3428 Harrison Ave | 3 Bedroom | 3BR,1.5BA | $1.20 |
| Carlton Apartments | 2 bedroom one bathroom | 2BR,1BA | $0.70 |
| Riverside Glen Apartments | 3 Bedroom 2 Bath | 3BR,2BA | $1.27 |
| Immaculate Updated 3 Bedroom one 1 Bath with Garage | 3BR/1.0BA | 3BR,1BA | $1.25 |
| Laramie Apartment Homes | 4126 Laramie Lane | 2BR,1BA | $1.23 |
| ***CREEKVIEW PROPERTIES*** | Upper floor with dishwasher | 2BR,1BA | $1.31 |
| Roberts Court | 1 Bed, 1 bath | 1BR,1BA | $1.10 |
| Rockford Housing Authority | Olesen Plaza 1 Bed | 1BR,1BA | $0.98 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore New Milford, IL Rentals by Map
See the most popular apartments and homes in New Milford, IL
Frequently Asked Questions about Cheap New Milford Apartments
How much is rent for a Cheap One Bedroom New Milford Apartment?
The lowest price for a Cheap One Bedroom New Milford Apartment is $480 at Rockford Housing Authority.
What is the lowest price for a Cheap Two Bedroom New Milford Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in New Milford is starting from $480 at Rockford Housing Authority.
What is the most affordable New Milford Three Bedroom Apartment?
The best deal on a cheap New Milford Three Bedroom Apartment rental is at Immaculate Updated 3 Bedroom one 1 Bath with Garage and starts from $1,250.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.