
Cheap Apartments for Rent in the Milpas Neighborhood of Santa Barbara, CA from $1,600 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the Milpas area of Santa Barbara.


1418 Bath St

411 E Anapamu St

510 Chapala St

Alena on Haley

118 W Pedregosa St

Sea Cliff Apartments
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.

Brentwood

405 Corona del Mar

Park East Apartments

Arlington Village

Lis

Alta Vista Garden Apartments

203 Ladera St
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.

Cliff House

Palm Gardens Apartments

121 W Arrellaga St

Coronel Apartments

Olive Street Lofts

Ivy at Carrillo

Soltara
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.

1105 N Milpas St

201 Ladera St

147 Por La Mar Cir

112 Por La Mar Cir

Natoma Apartments

Beachwalk

906 Chelham Way
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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.
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 | $2,905 | $2,695 | $3,250 |
| Milpas 1 Bedroom Apartments | $4,194 | $2,450 | $5,950 |
| Milpas 2 Bedroom Apartments | $5,650 | $4,500 | $7,500 |
| Milpas 3 Bedroom Apartments | $6,500 | $6,500 | $6,500 |
| Milpas 4 Bedroom Apartments | $6,300 | $6,300 | $6,300 |
Browse Apartments in this Neighborhood
There are currently 28 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 | $4,500 |
| 800 Santa Barbara | Larger One Bedroom | 1BR,1BA | $5,000 |
| 825 De la Vina St | One Bedroom | 1BR,1BA | $5,500 |
Best Value Apartments for Rent in Milpas, CA
As of April 25, 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 $4,500 with a $4.86 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 | $4.86 |
| 825 De la Vina St | One Bedroom | 1BR,1BA | $7.02 |
| 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 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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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 $4,500 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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.