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

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Cheap Homes in Milan.

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.

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.

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

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 ListingModel NameBed/BathPrice Per Sq.Ft.
Davenport Bank Apartments2bd/2ba2BR,2BA$1.00
LaFayette SquareThe Fairlane3BR,2BA$1.13
2500 25th St, Unit Apartment #82500 25th St2BR,1BA$1.06
306 3rd St W, Unit 3306 3rd St W2BR,1BA$0.90
Carriage Hill Apartments1 Bedroom1BR,1BA$1.02
The Vue at 7th Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.04
Cotton Mill Apartments1 Bed, 1 bath1BR,1BA$1.00
1215 24th Street Place - River Oaks Apartments1BR/1.0BA1BR,1BA$1.11
Crescent LoftsIncome Restricted1BR,1BA$1.10
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 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.

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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.

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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.

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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.

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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.