
Cheap Homes for Rent in Milan, IL from $700 (7 Rentals)
Cheap Homes in Milan.


608 W 3rd St

1720 18th Ave
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

1701 25th St

8600 14th St W, Unit B1

803 5th Ave
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

2043 33rd St
Milan, IL Local Guide

How much does it cost to rent a home in Milan?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Milan 2 Bedroom Homes for Rent | $1,050 | $825 | $1,300 |
Milan 3 Bedroom Homes for Rent | $1,343 | $995 | $1,950 |
Milan 4 Bedroom Homes for Rent | $1,315 | $1,250 | $1,395 |
Browse Top Homes for Rent in Milan
Explore Milan
Milan, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Milan Apartments for Rent and Nearby
 The cheapest available apartment rental in Milan, IL is a 1 Bed unit found at RIVERWALK LOFTS in the Vander Veer Park neighborhood priced from $620. Pine Ridge in the Villa Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here is today’s list of the most affordable Milan apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
RIVERWALK LOFTS | 1 Bed 1 Bath | 1BR,1BA | $620 |
Pine Ridge | s-mulber | Studio,1BA | $695 |
Cotton Mill Apartments | 1 Bed, 1 bath | 1BR,1BA | $700 |
Best Value Apartments for Rent in Milan, IL and Nearby
As of May 09, 2025 the best value apartment in the Milan area is the $1.00 price per square foot 2bd/2ba Model at Davenport Bank Apartments in the in the Vander Veer Park neighborhood starting from $1,400. The second greatest value Milan apartment is the The Fairlane Model at LaFayette Square starting at $1,195 with a $1.13 price per square foot in the Vander Veer Park neighborhood. Here is today’s list of the best values for Milan apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Davenport Bank Apartments | 2bd/2ba | 2BR,2BA | $1.00 |
LaFayette Square | The Fairlane | 3BR,2BA | $1.13 |
2500 25th St, Unit Apartment #8 | 2500 25th St | 2BR,1BA | $1.06 |
306 3rd St W, Unit 3 | 306 3rd St W | 2BR,1BA | $0.90 |
Carriage Hill Apartments | 1 Bedroom | 1BR,1BA | $1.02 |
The Vue at 7th Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.04 |
Cotton Mill Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.00 |
1215 24th Street Place - River Oaks Apartments | 1BR/1.0BA | 1BR,1BA | $1.11 |
Crescent Lofts | Income Restricted | 1BR,1BA | $1.10 |
RIVERWALK LOFTS | 1 Bed 1 Bath | 1BR,1BA | $0.95 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Frequently Asked Questions about Milan
What type of rentals are currently available in Milan?
There are currently 72 Apartments for Rent in Milan, IL with pricing that ranges from $583 to $2,875. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milan ranging from $739 to $1,950.
What is the current price range for Rental Homes in Milan?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Milan ranges from $739 to $1,950 with an average monthly rent of $1,139.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.