
Cheap Apartments for Rent in Milan, IL from $600 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in Milan.


Harrison Lofts

RIVERWALK LOFTS

Shire and Rivendell Apartments

Cotton Mill Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Butterworth Apartments

Pine Ridge

Pershing Hill Lofts

Timber Ridge Apartments

8600 14th St W, Unit A2

2323-3030 31st Ave
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Union Arcade Building

Mississippi Lofts

Federal Point

Urbane 210

2708 7th Ave

401 Brady St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Davenport Bank Apartments

The Penthouse Davenport

406 30th Ave, Unit 406

608 W 3rd St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

1215 24th Street Place - River Oaks Apartments

836 28th St

1701 25th St

421 Brady St

2723 8th Ave
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

2501 26th Ave Ct
Milan, IL Local Guide

How much does it cost to rent an apartment in Milan?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Milan Studio Apartments | $978 | $640 | $1,375 |
| Cheap Milan 1 Bedroom Apartments | $1,049 | $625 | $1,825 |
| Cheap Milan 2 Bedroom Apartments | $1,254 | $770 | $2,290 |
| Cheap Milan 3 Bedroom Apartments | $1,631 | $1,110 | $2,400 |
Browse Top Apartments in Milan
See all Apartments in MilanExplore Milan
Milan, IL Local Guide
- Nearby Cities
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- School Districts
Cheapest Available Milan Apartments for Rent
 The cheapest available apartment rental in Milan, IL is a 1 Bed unit found at Carriage Hill in the Vander Veer Park neighborhood priced from $625. Harrison Lofts in the Vander Veer Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $627. Here is today’s list of the most affordable Milan apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Carriage Hill | 1BR/1.0BA | 1BR,1BA | $625 |
| Harrison Lofts | Studio - 40% | Studio,1BA | $627 |
| Shire and Rivendell Apartments | 1BR/1BA | 1BR,1BA | $650 |
| RIVERWALK LOFTS | 1 Bed 1 Bath | 1BR,1BA | $650 |
| 1215 24th Street Place - River Oaks Apartments | 1BR/1.0BA | 1BR,1BA | $775 |
| Pershing Hill Lofts | Studio | Studio,1BA | $818 |
| Crescent Lofts | Income Restricted | 1BR,1BA | $824 |
| Union Arcade Building | Studio | Studio,1BA | $875 |
Best Value Apartments for Rent in Milan, IL
As of November 01, 2025 the best value apartment in the Milan area is the $1.00 price per square foot 3BR/2.0BA Model at Beverly Manor in the in the Villa Park neighborhood starting from $1,495. The second greatest value Milan apartment is the 2bd/2ba Model at Davenport Bank Apartments starting at $1,400 with a $1.00 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. |
|---|---|---|---|
| Beverly Manor | 3BR/2.0BA | 3BR,2BA | $1.00 |
| Davenport Bank Apartments | 2bd/2ba | 2BR,2BA | $1.00 |
| LeClaire | The Hepburn | 2BR,1BA | $1.07 |
| Vue at 7th | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.00 |
| 2629 24th St, Unit C | 2629 24th St | 2BR,1BA | $0.91 |
| 2504 15th St, Unit 4 | 2504 15th St | 2BR,1BA | $0.93 |
| Carriage Hill | 1BR/1.0BA | 1BR,1BA | $0.88 |
| 1215 24th Street Place - River Oaks Apartments | 1BR/1.0BA | 1BR,1BA | $1.11 |
| RIVERWALK LOFTS | 1 Bed 1 Bath | 1BR,1BA | $0.99 |
| Shire and Rivendell Apartments | 1BR/1BA | 1BR,1BA | $1.08 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Milan, IL Rentals by Map
See the most popular apartments and homes in Milan, IL
Getting Around Milan, IL
Walk Score®
37 / 100
Car-Dependent
Most errands require a car
Bike Score®
47 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
2 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Milan Apartments
What is the Cheapest Studio apartment in Milan?
Currently the most affordable Cheap Studio Apartment in Milan is at Harrison Lofts listed at $627.
How much is rent for a Cheap One Bedroom Milan Apartment?
The lowest price for a Cheap One Bedroom Milan Apartment is $625 at Carriage Hill.
What is the lowest price for a Cheap Two Bedroom Milan Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Milan is starting from $750 at Shire and Rivendell Apartments.
What is the most affordable Milan Three Bedroom Apartment?
The best deal on a cheap Milan Three Bedroom Apartment rental is at Harrison Lofts and starts from $1,385.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.














