
Cheap Apartments for Rent in the Milpas Neighborhood of Santa Barbara, CA from $1,600 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in the Milpas area of Santa Barbara.


Villa Flores Apartments

323 W Islay St, Unit E

19 E Mission St

22 W Pedregosa St

Alena on Haley

800 Santa Barbara

Total Monthly Price
232 W Micheltorena St, Unit 1
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Total Monthly Price
124 W Pedregosa St, Unit 1

Sea Cliff Apartments

213-223 Los Aguajes Ave

1218 Blanchard St

Brentwood

405 Corona del Mar

Park East Apartments

Arlington Village
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Lis

Alta Vista Garden Apartments

203 Ladera St

Cliff House

Palm Gardens Apartments

121 W Arrellaga St

Olive Street Lofts

Coronel Apartments
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.

Ivy at Carrillo

Soltara

210 S Voluntario St

Plaza Riviera

1105 N Milpas St

201 Ladera St

438 Por La Mar Cir

Citywalk
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.

1701 Anacapa St

Beachwalk

257 Por La Mar Cir
Milpas, Santa Barbara, CA Local Guide

How much does it cost to rent an apartment in Milpas?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Milpas Studio Apartments | $3,340 | $2,795 | $4,000 |
| Milpas 1 Bedroom Apartments | $4,236 | $2,525 | $6,000 |
| Milpas 2 Bedroom Apartments | $5,011 | $3,850 | $6,800 |
| Milpas 3 Bedroom Apartments | $5,954 | $4,600 | $7,550 |
| Milpas 4 Bedroom Apartments | $6,000 | $6,000 | $6,000 |
Browse Apartments in this Neighborhood
There are currently 35 rentals with your search options within a 2 mile radius of the Milpas Neighborhood of Santa Barbara, CA.
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Milpas, Santa Barbara, CA Local Guide
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Cheapest Available Milpas Apartments for Rent
 The cheapest available apartment rental in the Milpas area of Santa Barbara, CA is a 1 Bed unit found at Villa Flores Apartments priced from $2,525. Alena on Haley has the second lowest priced unit, which is a Studio apartment currently listed from $3,200. Here are the most affordable Milpas apartments for rent in Santa Barbara, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Villa Flores Apartments | 1 Bedroom | 1BR,1BA | $2,525 |
| Alena on Haley | Studio | Studio,1BA | $3,200 |
| 1317 Punta Gorda Street | Luxury Townhome | 2BR,2BA | $4,250 |
| El Jardin | Two Bedroom, Two Bathroom 2D (mkt) | 2BR,2BA | $4,400 |
| 1524 Garden St | 3BR Suite | 3BR,2BA | $4,600 |
| 825 De la Vina St | One Bedroom | 1BR,1BA | $5,450 |
Best Value Apartments for Rent in Milpas, CA
As of July 24, 2026 the best value apartment in the Milpas area is the $3.88 price per square foot 605 W Anapamu St Model at 605 W Anapamu St in the in the Westside neighborhood starting from $5,000. The second greatest value Milpas apartment is the 415 Rancheria St Model at 415 Rancheria St, Unit 4 starting at $6,000 with a $4.80 price per square foot in the Westside neighborhood. Here is today’s list of the best values for Milpas apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 605 W Anapamu St | 605 W Anapamu St | 3BR,2.5BA | $3.88 |
| 415 Rancheria St, Unit 4 | 415 Rancheria St | 4BR,1.5BA | $4.80 |
| 1524 Garden St | 3BR Suite | 3BR,2BA | $4.38 |
| 1317 Punta Gorda Street | Luxury Townhome | 2BR,2.5BA | $4.59 |
| 124 W Pedregosa St, Unit 1 | 124 W Pedregosa St | 2BR,1BA | $4.58 |
| El Jardin | Two Bedroom, One Bathroom 2G | 2BR,1BA | $7.24 |
| 825 De la Vina St | One Bedroom | 1BR,1BA | $7.22 |
| Villa Flores Apartments | 1 Bedroom | 1BR,1BA | $4.21 |
| Alena on Haley | Studio | Studio ,1BA | $7.46 |
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 ArticleReal 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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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.
Best Local Schools in Milpas, Santa Barbara, CA
Santa Barbara Senior High
Santa Barbara Junior High
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, cities, and rental properties across California including Milpas, Santa Barbara, and the greater Santa Barbara area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, pet-friendly features, places that make kids happy, proximity to transit, and other valuable search options. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Milpas Apartments
How much is rent for a Cheap One Bedroom Milpas Apartment?
The lowest price for a Cheap One Bedroom Milpas Apartment is $2,525 at Villa Flores Apartments.
What is the lowest price for a Cheap Two Bedroom Milpas Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Milpas is starting from $4,250 at 1317 Punta Gorda Street.
What is the most affordable Milpas Three Bedroom Apartment?
The best deal on a cheap Milpas Three Bedroom Apartment rental is at 1524 Garden St and starts from $4,600.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.