Cheap Apartments for Rent in Milford, IL from $500 (48 Rentals)

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

property at 101 W Jones St

101 W Jones St

MilfordIL60953
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Townway Place
1 to 2 Bedroom Apartments

Townway Place

2730 Townway RdDanville, IL 61832
  • Utilities Included
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Willow Springs
2 Bedroom Apartments

Willow Springs

1606 Willow View RdUrbana, IL 61802
Furnished
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Bethel Townhomes
3 Bedroom Apartments

Bethel Townhomes

3552-3558 Bethel DrWest Lafayette, IN 47906
Student Housing
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1155 Anthrop Dr
2 Bedroom Apartments

1155 Anthrop Dr

1155 Anthrop DrWest Lafayette, IN 47906
Student Housing
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West Harbor Place
2 to 3 Bedroom Apartments

West Harbor Place

703 W Harbor StKankakee, IL 60901
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Milford, IL Local Guide

Cheapest Available Milford Apartments for Rent and Nearby

 

The cheapest available apartment rental in Milford, IL is a Studio unit found at Brookhaven priced from $525. Brunswick Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Milford apartments for rent:

Apartment ListingModel NameBed/BathPriced From
BrookhavenStudioStudio,1BA$525
Brunswick ApartmentsStudioStudio,1BA$625
Country Manor Apartments1BR/1.0BA1BR,1BA$649
The Grove1 Bed 1 Bath1BR,1BA$726
Prairie Green Apartment Homes1 Bed 1 Bath1BR,1BA$775
South Pointe CommonsSouth Pointe 3bd/1.5ba Townhouse3BR,1BA$810
Town and CountryDanbury1BR,1BA$845
Devonshire Village1 Bed 1 Bath1BR,1BA$849
202 E Crockett2 Bedroom2BR,1BA$945
Eastland ApartmentsStudio ApartmentStudio,1BA$950

Best Value Apartments for Rent in Milford, IL and Nearby

As of April 08, 2025 the best value apartment in the Milford area is the $0.40 price per square foot Three Bedroom Standar Model at Capstone Quarters in the in the Midtown Champaign neighborhood starting from $560. The second greatest value Milford apartment is the 4x3 D Model at Hub on Campus West Lafayette starting at $1,395 with a $1.13 price per square foot in the Downtown Lafayette neighborhood. Here is today’s list of the best values for Milford apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Capstone QuartersThree Bedroom Standar3BR,3BA$0.40
Hub on Campus West Lafayette4x3 D4BR,3BA$1.13
Devonshire Village2 Bed 2 Bath Private Entry2BR,2BA$1.21
Hunters Pond Apartment HomesTwo Bedroom2BR,2BA$1.28
South Pointe CommonsSouth Pointe 3bd/1.5ba Townhouse3BR,1.5BA$0.77
202 E Crockett2 Bedroom2BR,1BA$1.05
Country Manor Apartments1BR/1.0BA1BR,1BA$0.76
The Grove1 Bed 1 Bath1BR,1BA$0.97
Prairie Green Apartment Homes1 Bed 1 Bath1BR,1BA$1.20
Brookhaven1 Bed/ 1 Bath1BR,1BA$1.54

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

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See the most popular apartments and homes in Milford, IL

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Getting Around Milford, IL

Walk Score®

32 / 100

Car-Dependent

Most errands require a car

Bike Score®

36 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Milford Apartments

What is the Cheapest Studio apartment in Milford?

Currently the most affordable Cheap Studio Apartment in Milford is at Brookhaven listed at $525.

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

The lowest price for a Cheap One Bedroom Milford Apartment is $649 at Country Manor Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Milford is starting from $699 at Country Manor Apartments.

What is the most affordable Milford Three Bedroom Apartment?

The best deal on a cheap Milford Three Bedroom Apartment rental is at South Pointe Commons and starts from $810.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.