Cheap Homes for Rent in Milan, IL from $600 (11 Rentals)

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property at 421 Brady St

421 Brady St

DavenportIA52801

Milan, IL Local Guide

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 ListingModel NameBed/BathPriced From
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$620
Pine Ridges-mulberStudio,1BA$695
Cotton Mill Apartments1 Bed, 1 bath1BR,1BA$700
Butterworth Apartments1 Bed, 1 bath1BR,1BA$700
LaFayette SquareThe Vega2BR,1BA$720

Best Value Apartments for Rent in Milan, IL and Nearby

As of April 16, 2025 the best value apartment in the Milan area is the $1.03 price per square foot 2 Bedrooms, 2 Bathrooms Model at Haven at Parkway in the in the Rock Riverfront neighborhood starting from $1,275. The second greatest value Milan apartment is the 1bd/1ba Model at Davenport Bank Apartments starting at $900 with a $0.75 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Haven at Parkway2 Bedrooms, 2 Bathrooms2BR,2BA$1.03
Davenport Bank Apartments1bd/1ba1BR,1BA$0.75
Garfield School Senior Residences1 Bedroom, 1 Bath1BR,1BA$0.98
2629 24th St, Unit D2629 24th St2BR,1BA$0.91
2500 25th St, Unit Apartment #122500 25th St2BR,1BA$1.06
306 3rd St W, Unit 3306 3rd St W2BR,1BA$0.93
Carriage Hill Apartments1 Bedroom1BR,1BA$1.02
Cotton Mill Apartments1 Bed, 1 bath1BR,1BA$1.00
The Vue at 7th Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.04
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$0.95

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Frequently Asked Questions about Milan

What type of rentals are currently available in Milan?

There are currently 75 Apartments for Rent in Milan, IL with pricing that ranges from $500 to $2,875. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milan ranging from $650 to $2,300.

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 $650 to $2,300 with an average monthly rent of $1,240.

How much are larger Three and Four Bedroom Rentals in Milan?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Milan range from $1,000 to $2,350, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $1,950. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $1,350.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords & 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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.