Cheap Apartments for Rent near South Milford, IN from $625 (36 Rentals)

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Search the lowest-cost Apartments available for rent right now in South Milford.

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.

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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.

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Atz Place
1 to 2 Bedroom Apartments

Atz Place

301 E Wayne StKendallville, IN 46755
Senior Living
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The Watershed
Studio to 2 Bedroom Apartments

The Watershed

110 W Chicago RdSturgis, MI 49091

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.

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Northcrest Apartments
Studio to 3 Bedroom Apartments

Northcrest Apartments

810 Regency CtAngola, IN 46703
  • Utilities Included
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Island Club
1 to 2 Bedroom Apartments

Island Club

2302 E Wallen RdFort Wayne, IN 46825
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1030 Wayne St
2 Bedroom Apartments

1030 Wayne St

1030 Wayne StAngola, IN 46703

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.

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Showing Results 1-36, Page 1 of 1

South Milford, IN Local Guide

Cheapest Available South Milford Apartments for Rent and Nearby

 

The cheapest available apartment rental in South Milford, IN is a 2 Beds unit found at Drake Terrace III priced from $741. Autumn Hills II Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $875. Here is today’s list of the most affordable South Milford apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Drake Terrace III2 Bedroom2BR,1BA$741
Autumn Hills II Apartments1 Bedroom2BR,1BA$875
Fawn River Apartments1 Bed1BR,1BA$909
North Ridge Apartments1 Bedroom1BR,1BA$911
Deerfield VillageOne Bedroom1BR,1BA$945
Nelson Estates Apartments2Bed_1Bath2BR,1BA$999
Quail Ridge Villas1 Bed 1 Bath Senior Apartment (Age 55 and up)1BR,1BA$1,005
Simonson Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1,035
Crosswait Estates ApartmentsTwo Bedroom2BR,1BA$1,089
Griswold Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1,134

Best Value Apartments for Rent in South Milford, IN and Nearby

As of August 24, 2026 the best value apartment in the South Milford area is the $0.83 price per square foot Two Bedroom Model at Huntertown Apartments in the in the Outer Northside neighborhood starting from $1,250. The second greatest value South Milford apartment is the Grand National Model at Steeplechase at Parkview starting at $1,740 with a $1.27 price per square foot in the Wallen Chase neighborhood. Here is today’s list of the best values for South Milford apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Huntertown ApartmentsTwo Bedroom2BR,1.5BA$0.83
Steeplechase at ParkviewGrand National3BR,2BA$1.27
Island ClubGrand Bahamas2BR,2BA$1.18
Emerald Pointe (55+ Senior Community)Hawthorne2BR,1.5BA$1.16
Griswold Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.08
Simonson Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.08
Nelson Estates Apartments2Bed_1Bath2BR,1BA$1.04
Crosswait Estates ApartmentsTwo Bedroom2BR,1BA$1.13
Fawn River Apartments1 Bed1BR,1BA$0.97
Drake Terrace III2 Bedroom2BR,1BA$0.99

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.

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Real 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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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore South Milford, IN Rentals by Map

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See the most popular apartments and homes in South Milford, IN

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Frequently Asked Questions about Cheap South Milford Apartments

How much is rent for a Cheap One Bedroom South Milford Apartment?

The lowest price for a Cheap One Bedroom South Milford Apartment is $909 at Fawn River Apartments.

What is the lowest price for a Cheap Two Bedroom South Milford Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Milford is starting from $741 at Drake Terrace III.

What is the most affordable South Milford Three Bedroom Apartment?

The best deal on a cheap South Milford Three Bedroom Apartment rental is at North Ridge Apartments and starts from $1,255.

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

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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.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.