
Cheap Homes for Rent in Milford, IL from $400 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Milford.


414 Front St

1135 N Jackson St

924 N Bowman Ave

1020 Robinson St

232 S Virginia Ave

36 Lake St

17 Fairweight Ave

555 S Schuyler Ave

16 S Buchanan St

250 N Entrance Ave

1320 McCullough St
Milford, IL Local Guide

How much does it cost to rent a home in Milford?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Milford 2 Bedroom Homes for Rent | $795 | $495 | $1,295 |
Milford 3 Bedroom Homes for Rent | $1,179 | $850 | $2,000 |
Milford 4 Bedroom Homes for Rent | $1,455 | $825 | $2,400 |
Milford 5 Bedroom Homes for Rent | $1,095 | $1,095 | $1,095 |
Browse Top Homes for Rent in Milford
Explore Milford
Milford, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Brookhaven | Studio | Studio,1BA | $525 |
Brunswick Apartments | Studio | Studio,1BA | $625 |
Country Manor Apartments | 1BR/1.0BA | 1BR,1BA | $649 |
The Grove | 1 Bed 1 Bath | 1BR,1BA | $726 |
Prairie Green Apartment Homes | 1 Bed 1 Bath | 1BR,1BA | $775 |
Best Value Apartments for Rent in Milford, IL and Nearby
As of April 06, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Capstone Quarters | Three Bedroom Standar | 3BR,3BA | $0.40 |
Hub on Campus West Lafayette | 4x3 D | 4BR,3BA | $1.13 |
Devonshire Village | 2 Bed 2 Bath Private Entry | 2BR,2BA | $1.21 |
South Pointe Commons | South Pointe 3bd/1.5ba Townhouse | 3BR,1.5BA | $0.80 |
Cheswick Villiage | Campolina - 2 Bedroom | 2BR,1BA | $1.65 |
202 E Crockett | 2 Bedroom | 2BR,1BA | $1.05 |
Country Manor Apartments | 1BR/1.0BA | 1BR,1BA | $0.76 |
The Grove | 1 Bed 1 Bath | 1BR,1BA | $0.97 |
Prairie Green Apartment Homes | 1 Bed 1 Bath | 1BR,1BA | $1.20 |
Brookhaven | 1 Bed/ 1 Bath | 1BR,1BA | $1.54 |
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Frequently Asked Questions about Milford
What type of rentals are currently available in Milford?
There are currently 64 Apartments for Rent in Milford, IL with pricing that ranges from $525 to $4,780. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milford ranging from $495 to $2,400.
What is the current price range for Rental Homes in Milford?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Milford ranges from $495 to $2,400 with an average monthly rent of $1,026.
How much are larger Three and Four Bedroom Rentals in Milford?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Milford range from $780 to $3,399, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,000. Four Bedroom Single-Family rentals are also available starting from $825 and Four Bedroom Apartments start at $1,000.
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.

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.

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.

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.

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.