With accent marks:
С ми́лым рай и в шалаше́.
With a darling, even a hut is a paradise.
This phrase is used to say that love and happiness are more important than material well-being and comfort.
This phrase is considered to be a Russian proverb, however in fact, this is a line from a very popular in 18-19 centuries poem "Russian Song" by Russian poet of Tatar origin Nigmat Ibragimov (1778—1818):
Не ищи меня, богатый:
Ты не мил моей душе.
Что мне, что твои палаты?
С милым рай и в шалаше!
Don't look for me, rich guy:
You are not sweet to my soul.
What are your chambers for me?
With my darling I have a paradise in a hut!
Other Russian proverbs
You can't hide an awl in a bag.
Be patient, Cossack - you will become an ataman!
The morning is wiser than the evening.
The demon is not as scary as he is depicted.
(lit.) Whoever gets up early, God gives him
Appetite comes with eating.
Strike the iron while it's hot.
If you like sledding, you should like to carry the sled.