Cheap Apartments for Rent in New Milford, IL from $400 (18 Rentals)

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4003 9th St
2 Bedroom Apartments

4003 9th St

4003 9th StRockford, IL 61109
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Carthage Apartments
1 to 2 Bedroom Apartments

Carthage Apartments

4440 Carthage DrRockford, IL 61109
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New Milford, IL Local Guide

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. Millbrook Townhomes in the Outer South Rockford neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $491. Here is today’s list of the most affordable New Milford apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rockford Housing AuthorityPark Terrace 2 Bed2BR,1BA$480
Millbrook TownhomesA 302BR,1BA$491
Roberts Court1 Bed, 1 bath1BR,1BA$715
The ArborsOne Bedroom Cypress1BR,1BA$800
Riverside Terrace Apartments1BR/1.0BA1BR,1BA$895

Best Value Apartments for Rent in New Milford, IL and Nearby

As of November 15, 2025 the best value apartment in the New Milford area is the $0.87 price per square foot A 3x2.5 Model at Millbrook Townhomes in the in the Outer South Rockford neighborhood starting from $1,263. The second greatest value New Milford apartment is the 3 Bedroom Model at 3428 Harrison Ave starting at $1,500 with a $1.20 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Millbrook TownhomesA 3x2.53BR,2.5BA$0.87
3428 Harrison Ave3 Bedroom3BR,1.5BA$1.20
Laramie Apartment Homes4126 Laramie Lane2BR,1BA$1.34
Immaculate Updated 2 Bedroom with 1 Bath2BR/1.0BA2BR,1BA$1.14
Creekview Apartments - Half off 1st month!Newly Renovated 1BR+Washer/dryer1BR,1BA$1.36
***CREEKVIEW PROPERTIES***Upper floor with dishwasher2BR,1BA$1.31
Immaculate Updated 2 Bedroom 1 bathroom1BR/1.0BA1BR,1BA$1.20
Riverside Terrace Apartments1BR/1.0BA1BR,1BA$1.38
Roberts Court1 Bed, 1 bath1BR,1BA$1.10
Rockford Housing AuthorityOlesen Plaza 1 Bed1BR,1BA$0.98

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Getting Around New Milford, IL

Walk Score®

9 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

26 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Millbrook Townhomes and starts from $1,263.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.