Cheap Homes for Rent in Milledgeville, IL from $500 (7 Rentals)

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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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Milledgeville, IL Local Guide

Cheapest Available Milledgeville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Milledgeville, IL is a 2 Beds unit found at Rockford Housing Authority in the Central Terrace neighborhood priced from $480. Riverside Apartments and Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $525. Here is today’s list of the most affordable Milledgeville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rockford Housing AuthorityPark Terrace 2 Bed2BR,1BA$480
Riverside Apartments and TownhomesStudioStudio,1BA$525
Roosevelt School Apartments1 bedroom1BR,1BA$570

Best Value Apartments for Rent in Milledgeville, IL and Nearby

As of May 10, 2025 the best value apartment in the Milledgeville area is the $1.09 price per square foot 2 Bedroom Model at Iowa Mutual Lofts in the starting from $1,250. The second greatest value Milledgeville apartment is the 2 bedroom Model at Roosevelt School Apartments starting at $1,000 with a $1.00 price per square foot . Here is today’s list of the best values for Milledgeville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Iowa Mutual Lofts2 Bedroom2BR,1BA$1.09
Roosevelt School Apartments2 bedroom2BR,1.5BA$1.00
Cottage Bluff Apartments2-Bedroom2BR,1BA$1.02
Winmar Townhomes1376-b2BR,2BA$0.79
MEADOWS OF LUKE RIDGE2 BED 1 BATH2BR,1BA$0.71
Greenfield96-a2BR,1BA$0.72
Westwinds2BD 1BA2BR,1BA$0.86
Kiwanis Manor Apartments3001 - updated2BR,1BA$1.00
Whitestone Manor Apartments1BR/1.0BA1BR,1BA$1.08
Rockford Housing AuthorityOlesen Plaza 1 Bed1BR,1BA$0.98

Quick Rent Budget Calculator

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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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Frequently Asked Questions about Milledgeville

What type of rentals are currently available in Milledgeville?

There are currently 52 Apartments for Rent in Milledgeville, IL with pricing that ranges from $480 to $3,900. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milledgeville ranging from $594 to $6,800.

What is the current price range for Rental Homes in Milledgeville?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Milledgeville ranges from $594 to $6,800 with an average monthly rent of $1,936.

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.

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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.