Apartment for rent

Pet friendly

14 Hours Ago

8.8

Very Good

The Preserve at Milltown Apartment Homes
500 Meadowlake Dr, Downingtown, PA 19335, USA

Morgan Properties

500 Meadowlake Dr, Downingtown, PA 19335, USA

8.8

Very Good

Monthly rent	$1,450–$3,987
Beds	1–3
Baths	1–2
Sqft	750–1,250

Monthly rent	$1,450–$3,987
Beds	1–3
Baths	1–2
Sqft	750–1,250

14 Hours Ago

Highlights

Pet Friendly

Sundeck
Fitness center
Playground
Private balcony or patio
Cozy wood-burning fireplaces
Refreshing swimming pool

Location

500 Meadowlake Dr, Downingtown, PA 19335, USA

Hi! Let’s figure out if this property is right for you.

Tour The Preserve at Milltown Apartment Homes

Contact

Managed by

Management

Morgan Properties

Leasing office

(844) 325-4840 ext. 7495

Open

9:00 am–6:00 pm ET

Property Overview

The Preserve at Milltown Apartment Homes achieves an impressive Zumper Expert Rating of 8.8, reflecting its strong value proposition. It features exceptional amenities, including a refreshing swimming pool, fitness center, and cozy fireplaces, with a perfect price and amenities rating of 10. Additionally, its prime location, rated 9 out of 10, ensures residents enjoy easy access to various conveniences, while the property maintains transparency and trustworthiness with an 8 out of 10 rating. Ideal for pet-friendly living and fitness enthusiasts, this property stands out in its market.

Zumper Expert Rating

8.8

Very Good

With a solid 8.8 out of 10 overall, The Preserve at Milltown Apartment Homes is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Preserve at Milltown Apartment Homes has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

Less expensive
Fireplace
Images Available

Great for

Wellness
Pet owners

Floor plans

One Bedroom - 750 sqft	1 bed	1 bath	750+ sqft	$1,450–$2,438 /mo	5 units available
One Bedroom w/ Den - 830 sqft	1 bed	1 bath	830 sqft	$1,600–$2,498 /mo	8 units available
Two Bedroom 1.5 Bath - 990 sqft	2 bed	1.5 bath	990+ sqft	$1,714–$2,921 /mo	4 units available
Two Bedroom 1.5 Bath w/ Den - 1,060 sqft	2 bed	1.5 bath	1,060 sqft	$1,925–$3,029 /mo	2 units available
Three Bedroom 2 Bath - 1,180 sqft	3 bed	2 bath	1,180+ sqft	$2,115–$3,572 /mo	2 units available
Three Bedroom 2 Bath w/ Den - 1,250 sqft	3 bed	2 bath	1,250 sqft	$2,460–$3,987 /mo	1 unit available

Let's explore this property.

Amenities for The Preserve at Milltown Apartment Homes

Apartment Amenities

Air Conditioning	Balcony
Carpet	Ceiling Fan
Ceiling Fan (In Select Homes)	Den
Fireplace	Granite Countertops
Large Closets	Modern White Cabinets
Patio	Tile Backsplash
Vinyl Plank Flooring	Walk-in Closet
Window Coverings

Appliances

Dishwasher	Front Load Washer and Dryer
Garbage Disposal	In-Unit Laundry
Microwave	Stainless Steel Appliances

Tech

Cable Ready	High Speed Internet Included
Smart Home Technology

Building

Business Center	Cats OK
Dogs OK	EV Charging
Fitness Center	Free Weights
Outdoor Fitness

Grounds

Courtyard	Dog Park
Non-Smoking Community	Outdoor Space
Playground	Putting Green
Swimming Pool	Tennis Courts

Services

Amazon Hub	Availability 24 Hours
Bike Share	On-Site Maintenance
On-Site Management

Other

Flexible Lease Options

Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Dog policy

Allowed
Limit	2
Fee	$300
Monthly Rent	$35

Cat policy

Allowed
Limit	2
Fee	$300
Monthly Rent	$35

| Restrictions: Breed Restrictions Apply

| Restrictions: None

Required one-time fees

Security Deposit	$0
Security Deposit. Refundable amount: 100%

Building details

Property details

Units	376

About The Preserve at Milltown Apartment Homes

Home

Apartments in Downingtown

The Preserve at Milltown Apartment Homes

Welcome home to The Preserve at Milltown, located in Downingtown, Pennsylvania. This expansive, 43-acre community features one-, two-, and three-bedroom floor plans highlighted by cozy, wood-burning fireplaces and a private balcony or patio with gorgeous views. Unparallel amenities await with a refreshing swimming pool and sundeck, outdoor fitness stations, fitness center, putting green, playground and so much more! Pets are welcome and will enjoy the new dog park. Looking for a quick commute to West Chester, Exton, Chester Springs or even Philadelphia? Our apartments are nearby Paoli/Thorndale train station with quick accessibility to I-76, I-476, and the PA Turnpike/I-276. What are you waiting for? Lease today and come home to comfort!

Zumper Expert Rating

8.8

/10

Very Good

How we rated The Preserve at Milltown Apartment Homes

Price·10

The Preserve at Milltown Apartment Homes offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.

Amenities·10

The Preserve at Milltown Apartment Homes stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.

Location·9

The Preserve at Milltown Apartment Homes is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.

Quality·6

While The Preserve at Milltown Apartment Homes does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.

Trustworthiness·8

The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Reviews from the web

Showing 8 highest rated

Rolando and Jose’ Came out fast to fix my heat, came back the next day to make sure and it’s working perfectly 😊

Jessica H

Nov 11, 2024

Our experience with renting our new apartment at The Preserve has been nothing but phenomenal. Gowri, Jane, and Paul have been so wonderful to work with from the start of the application to moving in. The neighborhood is well lit at night, quiet, and there's ample parking spaces near our building. Love love love having a dog park within walking distance so that my dog has space to run and play fetch. We have had a few maintenance issues but the maintenance staff have been awesome!! The day of a maintenance submission they have arrived and were able to fix the issues without a hitch. Jane was even nice enough to give us a courtesy call to follow up on the maintenance which I really appreciated!

Marisa Yanuzzi

Mar 30, 2022

Update: I just moved out of this complex and I have to say the whole process was very smooth. I had to break my lease due to extreme circumstances and the leasing team was very understanding of my situation. The maintenance team is very accommodating and helpful. They didn’t “nickel and dime” me in the post inspection. Tom, the maintenance manager, really wants to help and is a great guy. They weren’t “out to get me” or anything like some complex’s are. My carpet is the only thing that had damages and even then they have a depreciation scale in place so you aren’t paying full price if the carpet has lived it’s expected life. The best part about this complex, in my opinion, is the maintenance staff. Any time I’ve had a problem they were there that day. The grounds are always kept, dog parks were always clean and the receptacles for depositing doggy bags were stocked and trash emptied. The friendliest people I’ve met. When they drive around during the day they wave at the residents. They were never intrusive or entered my apartment without permission, which as a combat veteran, this was a very big deal to me and greatly appreciated. Whenever they did come, they were always extremely professional and kind. When any maintenance was to be done to the building they made sure to notify me multiple times up to 48 hours beforehand which was very comforting. The whole team is what makes this place a great place to live. With their rent prices and amazing staff, this is one of the best places in the area to live if you are looking for an apartment. I wanted to thank all the staff for the time I’ve lived here and give a big shoutout to the maintenance team for always being amazing. Each member was always a pleasure to interact with. Old review: I lived here a little over 5 months and I have no issues at all. The staff is friendly, the maintenance team is very responsive to emergency problems and miracle workers for damages. I had a mishap with my front door but Rolo and Carlos came in shortly after my call and my door looks brand new. The staff was very understanding and I am very appreciative. I am glad I decided to live in this complex. I've had no issues with any neighbors, the living space is great and the appliances are all perfect. Highly recommend

Wayne Whiteside III

Mar 03, 2020

We’re sharing just 8 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.

The Preserve at Milltown Apartment Homes is great for:

Wellness

On-site fitness center or gym
HVAC systems available onsite
On-site pool or spa
Communal green spaces or garden

Pet owners

Outdoor spaces are available at this property
2 pet grooming services nearby
2 pet hospitals in the area
4 pet supply stores near the property

Property highlights

How The Preserve at Milltown Apartment Homes compares to other nearby properties.

Positives

Less expensive: The 3-bedrooms are cheaper than other similar listings nearby
Fireplace: Upgraded in-unit features
Images Available: There are at least 10 photos of this address
Pet friendly: This property allows pets
Walk-in closet: More closet space on average

Considerations

Greater distance from grade schools: The nearest elementary school is farther than 0.4 mile away

Property Map

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Rent trends in Downingtown

1-bedroom apartments here are priced 2% lower than 1-bedrooms in Downingtown.

If you decide to upgrade your space, you can expect 2-bedrooms at The Preserve at Milltown Apartment Homes to be 6% less than the average for similarly sized apartments in Downingtown.

3-bedroom apartments at The Preserve at Milltown Apartment Homes cost about 20% less than the average rent price for 3-bedroom apartments in Downingtown.

Median rents as of Oct 4 2025.

Downingtown

A table of studio rental data trends in Downingtown
Month	Median Rent
November 2023	$1,400
December 2023	$1,400
March 2025	$1,250
April 2025	$1,200
May 2025	$1,350
June 2025	$1,368
July 2025	$1,220
August 2025	$1,200
September 2025	$1,200
October 2025	$1,200

Affordability calculator

Can I afford to live at 500 Meadowlake Dr?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.

The general rule of thumb is to spend around 30% or less of your income on rent.

Recommended income

$61,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $61,000 annually to afford this 1-bedroom median monthly rent price of $1,525.

For more information on rent affordability, visit our rent calculator.

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