Cheap Apartments for Rent in Milford, IN from $500 (29 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-29, Page 1 of 1

Milford, IN Local Guide

Cheapest Available Milford Apartments for Rent and Nearby

 

The cheapest available apartment rental in Milford, IN is a 2 Beds unit found at La Casa Estates in the East Jackson neighborhood priced from $770. FARMINGTON HILLS in the Impact neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Milford apartments for rent:

Apartment ListingModel NameBed/BathPriced From
La Casa Estates2 bedroom2BR,1BA$770
FARMINGTON HILLS1 BR1BR,1BA$800
Old Farm ApartmentsStudioStudio,1BA$822
Elkhart Green Apartments11BR,1BA$865
GOLFVIEWSmall Two Bedroom2BR,2BA$885
Woodwind Apartments1 BR/ 1 BA1BR,1BA$899
Welcome to Tippe River Downs1x1 Senior Villa1BR,1BA$899
CedarwoodOne Bedroom1BR,1BA$900
Forest Glen Apartments2 Bed2BR,1BA$960
Walnut Trails ApartmentsThe Maple2BR,1BA$994

Best Value Apartments for Rent in Milford, IN and Nearby

As of May 14, 2025 the best value apartment in the Milford area is the $1.09 price per square foot Three Bedroom Model at GOLFVIEW in the in the South Elkhart neighborhood starting from $1,250. The second greatest value Milford apartment is the 2 Bedroom/ 2 Bath - Hunter's Pond Model at Hunter's Pond starting at $1,300 with a $1.22 price per square foot in the East Jackson 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.
GOLFVIEWThree Bedroom3BR,2BA$1.09
Hunter's Pond2 Bedroom/ 2 Bath - Hunter's Pond2BR,2BA$1.22
GREENLEAF2 bed 2 bath 1000 sq ft2BR,2BA$1.10
Arbor Lakes ApartmentsTwo Bedroom2BR,2BA$1.32
Walnut Trails ApartmentsThe Maple2BR,1BA$1.01
River Point West1/11BR,1BA$1.21
Briar Ridge Apartments2x2 Briar Ridge APTS2BR,2BA$1.35
Forest Glen Apartments2 Bed2BR,1BA$1.28
Elkhart Green Apartments11BR,1BA$1.20
La Casa Estates2 bedroom2BR,1BA$1.13

Quick Rent Budget Calculator

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Location, Location, Location!

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Getting Around Milford, IN

Walk Score®

19 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

55 / 100

Bikeable

Some 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

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

The lowest price for a Cheap One Bedroom Milford Apartment is $800 at FARMINGTON HILLS.

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 $770 at La Casa Estates.

What is the most affordable Milford Three Bedroom Apartment?

The best deal on a cheap Milford Three Bedroom Apartment rental is at Forest Glen Apartments and starts from $1,105.

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 Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.