Zumper
modified
5+ Days Ago

Location

505 W Fourth St, Milford, IN 46542, USA
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Contact

Management

Assurance Property Management & Realty, Inc.

Leasing office

(574) 696-4124 ext. 2

Property Overview

Village on Fourth is a highly rated community with an overall score of 8.5 out of 10, reflecting strong performance across value, amenities, and location. With a perfect price rating and standout amenities and location scores (9/10 each), it offers excellent convenience and quality of life, supported by a transparent property description and proximity to a top-rated elementary school just 0.22 miles away.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.5
Very Good
With a solid 8.5 out of 10 overall, Village on Fourth is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Village on Fourth 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

  • Elementary school nearby
  • Dishwasher

Floor plans

1BR/1.0BA1 bed1 bath535 sqft$1,150 /mo2 units available
2BR/2.0BA2 bed2 bath890 sqft$1,650 /mo1 unit available

Let's explore this property.

Amenities for Village on Fourth

Apartment Amenities

Electric and Gas

Appliances

DishwasherMicrowave
RangeRefrigerator

Tech

Stove/Refrigerator

Building

Water/Sewer
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

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units24
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About Village on Fourth

HomeApartments in Milford Village on Fourth

Village on Fourth cost $1,150–$1,650 per month. Located at 505 W Fourth St, Milford, IN 46542, USA, Village on Fourth has 1 — 2 bedroom units available.Other apartment buildings in or around Milford include but are not limited to: 502 W Brooklyn St, 200 Maple St, 105 W Emeline St


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, Village on Fourth is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Village on Fourth has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Village on Fourth
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Village on Fourth 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·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Village on Fourth goes above and beyond to provide sought-after conveniences and desirable perks, including stove/refrigerator. Renters looking for popular or luxurious features will find them here—and for that reason, Village on Fourth receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Village on Fourth 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·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Village on Fourth does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Village on Fourth provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Village on Fourth compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.2 mile away
Dishwasher
Dishwasher available in kitchen

Considerations

Lacks images
Fewer than 10 photos available for this location
Oven not listed
In-unit oven not included in listing

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Rent trends in Milford

1-bedroom apartments here are priced 33% higher than 1-bedrooms in Milford.

Median rents as of Oct 25 2025.
Milford
A table of 1-bedroom apartment rental data trends in Milford
MonthMedian Rent
June 2024$566
September 2025$865
October 2025$865

Affordability calculator

Can I afford to live at 505 W Fourth St?

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

$46,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $46,000 annually to afford this 1-bedroom monthly rent price of $1,150.
For more information on rent affordability, visit our rent calculator.

Schools near Village on Fourth

Milford School

110 s elm st

milford, IN, 46542

K-8Public
B-

Wawasee High School

1 warrior path - bldg 1

syracuse, IN, 46567

PK, 9-12Public
B-
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Internet available near Village on Fourth

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Milford near 505 W Fourth St

Walking

2/10
You’ll need another mode of transportation for getting around. Scooter, anyone?

Driving

8/10
Commuting is easy with multiple accessible routes and plenty of parking.

Points of interest for 505 W Fourth St, Milford

Groceries

0/10
No grocery stores within walking distance

Shopping

0/10
Few or no shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

4/10
Some restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 10-minute walk

High schools

0/10
No high schools within a 30-minute walk

Nightlife

3/10
Few or no bars within walking distance

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