Cheap Homes for Rent in New Milford, IL from $700 (10 Rentals)

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

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.

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

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 ListingModel NameBed/BathPriced From
Rockford Housing AuthorityPark Terrace 2 Bed2BR,1BA$480
Roberts Court1 Bed, 1 bath1BR,1BA$715
Carlton Apartments2 bedroom one bathroom2BR,1BA$825

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

As of June 28, 2025 the best value apartment in the New Milford area is the $1.13 price per square foot Brighton Model at Harbour East in the in the East Rockford neighborhood starting from $1,800. The second greatest value New Milford apartment is the 2 bedroom one bathroom Model at Carlton Apartments starting at $825 with a $0.69 price per square foot in the Central Terrace 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.
Harbour EastBrighton2BR,2BA$1.13
Carlton Apartments2 bedroom one bathroom2BR,1BA$0.69
Rock Valley ApartmentsThe Sue2BR,2BA$1.37
Riverside Glen Apartments3 Bedroom 2 Bath3BR,2BA$1.27
Lakeland Apartments ::OPEN HOUSE::2br/1bth with Washer & Dryer2BR,1BA$1.25
Riverside Terrace ApartmentsRiverside Terrace - 2 Bedroom2BR,1BA$1.32
Creekview Apartments ::OPEN HOUSE::Newly Renovated 1BR1BR,1BA$1.22
***CREEKVIEW PROPERTIES***Upper floor with dishwasher2BR,1BA$1.31
Roberts Court1 Bed, 1 bath1BR,1BA$1.10
Rockford Housing AuthorityOlesen Plaza 1 Bed1BR,1BA$0.98

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Frequently Asked Questions about New Milford

What type of rentals are currently available in New Milford?

There are currently 64 Apartments for Rent in New Milford, IL with pricing that ranges from $480 to $3,150. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Milford ranging from $790 to $5,000.

What is the current price range for Rental Homes in New Milford?

Today's rental pricing for Homes for Rent, Condos and Townhomes in New Milford ranges from $790 to $5,000 with an average monthly rent of $2,111.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.