Cheap Apartments for Rent in Milan, IL from $600 (42 Rentals)

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Search the lowest-cost Apartments available for rent right now in Milan.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Spencer Towers
1 Bedroom Apartments

Spencer Towers

111 20th StRock Island, IL 61201
  • Utilities Included
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Midvale Apartments
2 Bedroom Apartments

Midvale Apartments

3800-3850 25th StMoline, IL 61265
  • Utilities Included
property at 604 W 3rd St

$700 - $750

1 Bedroom Rentals

Available Now

604 W 3rd St

DavenportIA52801

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Valley View
1 to 3 Bedroom Apartments

Valley View

4700 61st Street DrMoline, IL 61265
  • Utilities Included
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2323-3030 31st Ave
2 Bedroom Apartments

2323-3030 31st Ave

2323-3030 31st AveRock Island, IL 61201
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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LaFayette Square
2 to 4 Bedroom Apartments

LaFayette Square

625 W 4th StDavenport, IA 52801
  • Utilities Included

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.

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Maple Ridge Apartments
1 to 3 Bedroom Apartments

Maple Ridge Apartments

3700 5th StRock Island, IL 61201
  • Utilities Included
Showing Results 1-42, Page 1 of 1

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 $650. Carriage Hill in the Vander Veer Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here is today’s list of the most affordable Milan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$650
Carriage Hill1BR/1.0BA1BR,1BA$775
Pine Ridge1-norwa1BR,1BA$810
Pershing Hill LoftsStudioStudio,1BA$818
Crescent LoftsIncome Restricted1BR,1BA$824
Timber Ridge Apartments1BR/1.0BA1BR,1BA$825
EN8061BR/1.0BA1BR,1BA$825
Union Arcade BuildingStudioStudio,1BA$875
Federal PointCopenhagen 60%Studio,1BA$930

Best Value Apartments for Rent in Milan, IL and Nearby

As of July 29, 2026 the best value apartment in the Milan area is the $0.57 price per square foot 407 11th Ave W Model at 407 11th Ave W, Unit Milan apartment in the in the Saukie neighborhood starting from $850. The second greatest value Milan apartment is the 1bd/1ba Model at Davenport Bank Apartments starting at $1,250 with a $1.04 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.
407 11th Ave W, Unit Milan apartment407 11th Ave W2BR,1BA$0.57
Davenport Bank Apartments1bd/1ba1BR,1BA$1.04
Bucktown Lofts1 BR/ 1 BA1BR,1BA$0.84
Village WoodsThree Bedroom3BR,2BA$1.23
Vue at 7th2 Bedroom 1 Bathroom2BR,1BA$1.00
Crescent LoftsMarket 1 bed 1.5 bath1BR,1.5BA$1.19
Carriage Hill1BR/1.0BA1BR,1BA$1.09
Timber Ridge Apartments1BR/1.0BA1BR,1BA$1.19
Pine Ridge1-sycam1BR,1BA$1.21
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$0.99

Don'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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Milan, IL Rentals by Map

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See the most popular apartments and homes in Milan, IL

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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 Pershing Hill Lofts listed at $818.

How much is rent for a Cheap One Bedroom Milan Apartment?

The lowest price for a Cheap One Bedroom Milan Apartment is $650 at RIVERWALK LOFTS.

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 $770 at RIVERWALK LOFTS.

What is the most affordable Milan Three Bedroom Apartment?

The best deal on a cheap Milan Three Bedroom Apartment rental is at Village Woods and starts from $1,385.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.