Cheap Homes for Rent in New Milford, IL from $800 (11 Rentals)

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New Milford, IL Local Guide

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. Millbrook Townhomes in the Outer South Rockford neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $498. Here is today’s list of the most affordable New Milford apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rockford Housing AuthorityPark Terrace 2 Bed2BR,1BA$480
Millbrook TownhomesC2BR,2BA$498
Roberts Court1 Bed, 1 bath1BR,1BA$715
Whitestone Manor Apartments1BR/1.0BA1BR,1BA$750
Riverside Terrace ApartmentsRockton & Riverside 1 Bed1BR,1BA$895

Best Value Apartments for Rent in New Milford, IL and Nearby

As of March 22, 2025 the best value apartment in the New Milford area is the $1.10 price per square foot Avalon Model at Harbour East in the in the East Rockford neighborhood starting from $2,150. The second greatest value New Milford apartment is the D Model at Millbrook Townhomes starting at $1,270 with a $0.88 price per square foot in the Outer South Rockford neighborhood. Here is today’s list of the best values for New Milford apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Harbour EastAvalon2BR,2.5BA$1.10
Millbrook TownhomesD3BR,2.5BA$0.88
William Brown LoftsLayout 41BR,1BA$1.00
The Meadows ApartmentsCrossing Large Two Bedroom Two Bath2BR,2BA$1.31
Rock Valley ApartmentsThe Sue2BR,2BA$1.37
Riverside Glen Apartments2 Bedroom 1.5 Bath2BR,1.5BA$1.01
Creekview ApartmentsNewly Renovated 1BR1BR,1BA$1.14
Roberts Court1 Bed, 1 bath1BR,1BA$1.10
Riverside Terrace ApartmentsRockton & Riverside 1 Bed1BR,1BA$1.38
Rockford Housing AuthorityOlesen Plaza 1 Bed1BR,1BA$0.98

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Frequently Asked Questions about New Milford

What type of rentals are currently available in New Milford?

There are currently 52 Apartments for Rent in New Milford, IL with pricing that ranges from $480 to $3,145. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Milford ranging from $800 to $2,395.

What is the current price range for Rental Homes in New Milford?

Today's rental pricing for Homes for Rent, Condos and Townhomes in New Milford ranges from $800 to $2,395 with an average monthly rent of $1,351.

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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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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.