
Cheap Apartments for Rent in New Milford, IL from $400 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in New Milford.


Millbrook Townhomes

Whitestone Manor Apartments

Beacon Hill Apartments
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.

Great Oaks Apartments

Immaculate Updated 1 & 2 Bedroom with 1 Bath

Riverside Terrace Apartments

Halsted Park Apartments

Hampton Ridge
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

2425 Wesleyan Ave

2208 8th St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

113 Jonquil Dr

4728 Trevor Cir
New Milford, IL Local Guide

How much does it cost to rent an apartment in New Milford?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
New Milford Studio Apartments | $1,122 | $800 | $1,399 |
New Milford 1 Bedroom Apartments | $1,070 | $480 | $1,599 |
New Milford 2 Bedroom Apartments | $1,336 | $480 | $2,500 |
New Milford 3 Bedroom Apartments | $1,543 | $568 | $3,150 |
Browse Top Apartments in New Milford
See all Apartments in New MilfordExplore New Milford
New Milford, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available New Milford Apartments for Rent and Nearby
 The cheapest available apartment rental in New Milford, IL is a 2 Beds unit found at Rockford Housing Authority in the Central Terrace neighborhood priced from $480. Whitestone Manor Apartments in the North Rockford neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable New Milford apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Rockford Housing Authority | Park Terrace 2 Bed | 2BR,1BA | $480 |
Whitestone Manor Apartments | 1BR/1.0BA | 1BR,1BA | $650 |
Roberts Court | 1 Bed, 1 bath | 1BR,1BA | $715 |
Windsor Apartments | 1 bedroom 1 bathroom | 1BR,1BA | $725 |
Carlton Apartments | 2 bedroom one bathroom | 2BR,1BA | $825 |
Best Value Apartments for Rent in New Milford, IL and Nearby
As of May 13, 2025 the best value apartment in the New Milford area is the $0.79 price per square foot 3 bedroom 1.5 bath Model at Carlton Apartments in the in the North Rockford neighborhood starting from $1,100. The second greatest value New Milford apartment is the Two Bedroom One Bath Model at Hampton Ridge starting at $1,205 with a $1.23 price per square foot in the Rolling Green neighborhood. Here is today’s list of the best values for New Milford apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Carlton Apartments | 3 bedroom 1.5 bath | 3BR,1.5BA | $0.79 |
Hampton Ridge | Two Bedroom One Bath | 2BR,1BA | $1.23 |
Immaculate Updated 2 Bedroom with 1 Bath | 2BR/1.0BA | 2BR,1BA | $1.08 |
Lakeland Apartments | 2br/1bth with Washer & Dryer | 2BR,1BA | $1.25 |
Creekview Apartments | Newly Renovated 1BR | 1BR,1BA | $1.22 |
Windsor Apartments | 1 bedroom 1 bathroom | 1BR,1BA | $0.87 |
Immaculate Updated 1 & 2 Bedroom with 1 Bath | 1BR/1.0BA | 1BR,1BA | $1.10 |
Roberts Court | 1 Bed, 1 bath | 1BR,1BA | $1.10 |
Whitestone Manor Apartments | 1BR/1.0BA | 1BR,1BA | $1.08 |
Rockford Housing Authority | Olesen Plaza 1 Bed | 1BR,1BA | $0.98 |
Quick 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!
Explore New Milford, IL Rentals by Map
See the most popular apartments and homes in New Milford, IL
Getting Around New Milford, IL
Walk Score®
9 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
26 / 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 New Milford Apartments
How much is rent for a Cheap One Bedroom New Milford Apartment?
The lowest price for a Cheap One Bedroom New Milford Apartment is $480 at Rockford Housing Authority.
What is the lowest price for a Cheap Two Bedroom New Milford Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in New Milford is starting from $480 at Rockford Housing Authority.
What is the most affordable New Milford Three Bedroom Apartment?
The best deal on a cheap New Milford Three Bedroom Apartment rental is at Windsor Apartments and starts from $1,100.
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.

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.

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.

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.

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.