
Cheap Homes for Rent in South Milford, IN from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in South Milford.


340 N Wayne St

362 N Line St

24 Holiday Park
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.

813 E Douglas St

7939 E Cree Lake Dr S

5515 Brazo Ln

930 W 590 S
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.

608 W Dennis St
South Milford, IN Local Guide

How much does it cost to rent a home in South Milford?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Milford 2 Bedroom Homes for Rent | $1,157 | $695 | $1,900 |
| South Milford 3 Bedroom Homes for Rent | $13,118 | $1,200 | $10,000+ |
| South Milford 4 Bedroom Homes for Rent | $3,050 | $2,500 | $4,000 |
| South Milford 5 Bedroom Homes for Rent | $2,850 | $1,500 | $4,250 |
Browse Top Homes for Rent in South Milford
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South Milford, IN Local Guide
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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. Wallen Hills Apartments in the Northwest Fort Wayne neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $833. Here is today’s list of the most affordable South Milford apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Drake Terrace III | 2 Bedroom | 2BR,1BA | $741 |
| Wallen Hills Apartments | Ivywood | Studio,1BA | $833 |
| Autumn Hills II Apartments | 1 Bed, 1 bath | 1BR,1BA | $875 |
Best Value Apartments for Rent in South Milford, IN and Nearby
As of April 15, 2026 the best value apartment in the South Milford area is the $1.13 price per square foot Two Bedroom Model at Huntertown Apartments in the in the Outer Northside neighborhood starting from $1,695. The second greatest value South Milford apartment is the 3BR/2.5BA Model at Villas for Rent by Capital Property Management, LLC starting at $1,895 with a $1.30 price per square foot in the Pine Valley neighborhood. Here is today’s list of the best values for South Milford apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Huntertown Apartments | Two Bedroom | 2BR,2.5BA | $1.13 |
| Villas for Rent by Capital Property Management, LLC | 3BR/2.5BA | 3BR,2.5BA | $1.30 |
| Redwood Fort Wayne Wallen Road | Forestwood | 2BR,2BA | $1.35 |
| Emerald Pointe (55+ Senior Community) | Hawthorne | 2BR,1.5BA | $1.16 |
| Griswold Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.06 |
| Nelson Estates Apartments | 2Bed_1Bath | 2BR,1BA | $1.11 |
| Crosswait Estates Apartments | Two Bedroom | 2BR,1BA | $0.96 |
| Stoughton Estates Apartments | Two Bedroom | 2BR,1BA | $1.25 |
| Drake Terrace III | 2 Bedroom | 2BR,1BA | $0.99 |
| Autumn Hills II Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.35 |
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
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in South Milford, IN
Frequently Asked Questions about South Milford
What type of rentals are currently available in South Milford?
There are currently 44 Apartments for Rent in South Milford, IN with pricing that ranges from $625 to $2,932. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Milford ranging from $695 to $92,999.
What is the current price range for Rental Homes in South Milford?
Today's rental pricing for Homes for Rent, Condos and Townhomes in South Milford ranges from $695 to $92,999 with an average monthly rent of $4,305.
How much are larger Three and Four Bedroom Rentals in South Milford?
For those who are looking for larger living arrangements, Three Bedroom Apartments in South Milford range from $776 to $2,908, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $92,999. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $2,560.
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

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.