8

Milaca, MN Homes for Rent

Section Image
  • /14

    Starting at $1,650 Plus Fees

    • 2 Beds

    555 Highway 23 E, Milaca, MN 56353

    Brand new construction. This property has a quiet, small community feel. Conveniently located close to shopping, parks & trails

    555 Highway 23 E

    555 Highway 23 E, Milaca, MN 56353
  • /27

    Call for Price

    • 1 - 3 Beds

    240 2nd Ave SE, Milaca, MN 56353

    Looking for a lovely apartment in an area with a small town feeling? We have modern rental units with up-to-date decor and features. Amazing locations in Milaca near shopping and restaurants! 1, 2, and 3 bedroom floor plans to choose from. There is an elevator located at the Highrise. There are 2 and 3 bedroom townhomes available as well. Garages are available to rent at the townhomes.

    Milaca Park Apartments

    240 2nd Ave SE, Milaca, MN 56353
  • /6

    $650

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 563 Sq Ft
    • House for Rent

    110 Central Ave S Unit 201, Milaca, MN 56353

    Move in special! If your application is approved we will reimburse you for the cost of the application. Available September 1, 2026.1 bedroom apartment available in Milaca above Central Perk Pizza. Coin laundry available outside of unit, AC window unit, street parking available, owner pays for water, garbage and sewer. No pets. Photos show layout of a similar but smaller one bedroom.

    110 Central Ave S Unit 201, Milaca, MN 56353
  • /8

    $3,900 Per Month

    • 4 Beds
    • 2 Baths
    • 2,380 Sq Ft
    • House for Rent

    24343 US Highway 169, Milaca, MN 56353

    Beautifully remodeled 4bd/2ba home on 8.69 acres. Features include stainless steel appliances, granite countertops, luxury vinyl planking, new carpets, remodeled kitchen and baths. Large 45x55 polebarn with heated shop and a 14'high by 12' wide door. Possible use for contractors/private business with prime Hwy 169 frontage and lots of space, yet still private and quiet. Pets negotiable.

    Jeff Johnson Minnkota Realty, LLC

    24343 US Highway 169, Milaca, MN 56353

Why Live in Milaca

Milaca, MN, a small city of about 3,000 residents, is nestled along the Rum River and offers a blend of outdoor recreation and a strong sense of community. The Milaca Public School District serves around 1,600 students and is known for its high school’s concurrent enrollment options with Pine Technical and Community College. Outdoor enthusiasts will find plenty of things to do, with over 12 miles of trails for hiking, running, mountain biking, and cross-country skiing, as well as snowmobiling in winter. Rec Park is a community hub featuring a splash pad, ball fields, hockey and skating rinks, and an amphitheater. Stones Throw Golf Course offers scenic views along the Rum River. Milaca’s housing market includes early 20th-century farmhouses and New Traditional builds, with homes typically priced between $200,000 and $400,000. The city is conveniently located at the intersection of U.S. Highway 169 and Minnesota Highway 23, making it accessible for commuters. Local dining options include Coffee Corner, The Bee Caffe, Pizza Central, and Rough-Cut Grill and Bar. Milaca Meats provides fresh cuts and homemade sausage, while Teal’s Market caters to everyday grocery needs. Annual events like the Milaca Rhythm on the Rum Parade and Runnin’ in the Ruff run add to the community spirit. The city is about 30 minutes from Mille Lacs Lake and State Park, offering additional recreational opportunities.

Frequently Asked Questions

How much does it cost to rent a home in Milaca, MN?
The median rent for a home in Milaca, MN is $650 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Milaca, MN?
To comfortably afford the median rent in Milaca, MN, a household needs to earn roughly $26,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $650 per month in Milaca, MN, renters typically need to show $1,950 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Milaca, MN?
In Milaca, MN, the price-to-rent ratio is 32.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$650
Median Single Family Home Rent
$650
How to Rent a Home