Looking for a cheap apartment for rent in Milton, FL? With RENTCafé, finding an affordable apartment in Milton, FL has never been easier. We feature 1 low-priced rental directly from property managers, with rents lower than the Milton, FL average. What is a cheap rent in Milton, FL? The average apartment rent in Milton is $950 per month so any rental south of $760 would be considered cheap here. Size matters though, so if you are in a market for a studio, expect to pay around $355 per month. If you’re looking to upgrade to a 1-bedroom apartment you’ll pay around $424, while a cheap 2-bedroom apartment will cost you about $596 per month.