
Cheap Apartments for Rent in the Milpas Neighborhood of Santa Barbara, CA from $1,600 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the Milpas area of Santa Barbara.


Villa Flores Apartments

1418 Bath St

510 Chapala St

817 Castillo St, Unit B

226 W De la Guerra St

118 W Pedregosa St
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.

Alena on Haley

Brentwood

405 Corona del Mar

Park East Apartments

Arlington Village

152- 1825 Chapala LLC

Alta Vista Garden 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.

203 Ladera St

Cliff House

Palm Gardens Apartments

210 S Voluntario St

411 E Anapamu St

121 W Arrellaga St

Coronel Apartments
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.

Olive Street Lofts

Ivy at Carrillo

Soltara

Plaza Riviera

306 Rancheria St

1105 N Milpas St

201 Ladera St
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.

1330 Carmelita Ave
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 | $2,890 | $2,595 | $3,250 |
| Milpas 1 Bedroom Apartments | $3,866 | $2,450 | $5,950 |
| Milpas 2 Bedroom Apartments | $5,099 | $3,395 | $7,500 |
| Milpas 3 Bedroom Apartments | $5,800 | $4,600 | $7,550 |
| Milpas 4 Bedroom Apartments | $6,300 | $6,300 | $6,300 |
Browse Apartments in this Neighborhood
There are currently 29 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 $2,450. 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 | $2,450 |
| Alena on Haley | Studio | Studio,1BA | $3,200 |
| 1317 Punta Gorda Street | Luxury Townhome | 2BR,2BA | $4,250 |
| 800 Santa Barbara | Larger One Bedroom | 1BR,1BA | $5,000 |
Best Value Apartments for Rent in Milpas, CA
As of June 09, 2026 the best value apartment in the Milpas area is the $6.70 price per square foot Two Bedroom - Furnished or Unfurnished Option Model at 800 Santa Barbara in the in the Upper State neighborhood starting from $7,500. The second greatest value Milpas apartment is the Luxury Townhome Model at 1317 Punta Gorda Street starting at $4,250 with a $4.59 price per square foot in the Eastside 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. |
|---|---|---|---|
| 800 Santa Barbara | Two Bedroom - Furnished or Unfurnished Option | 2BR,2BA | $6.70 |
| 1317 Punta Gorda Street | Luxury Townhome | 2BR,2.5BA | $4.59 |
| 214 W De la Guerra St, Unit 214 w. De La Guerra St | 214 W De la Guerra St | 2BR,1BA | $3.77 |
| Villa Flores Apartments | 1 Bedroom | 1BR,1BA | $4.08 |
| Alena on Haley | Studio | Studio ,1BA | $7.46 |
| The Arroyo House Student Living. | Fiesta - Female | 3BR,1BA | $3.21 |
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.
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.
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 $2,450 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.
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

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.

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.

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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.