
Cheap Homes for Rent in Milan, IL from $600 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Milan.


801 5th St

604 W 3rd St

2131 21st Ave

627 N Division St
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.

710 E 13th St

1721 W 16th St

824 Tremont Ave

4227 11th St

3045 4th St
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.

2425 12th 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 | $1,160 | $850 | $1,495 |
| Milan 3 Bedroom Homes for Rent | $1,555 | $1,050 | $2,300 |
| Milan 4 Bedroom Homes for Rent | $1,869 | $1,300 | $2,450 |
| Milan 5 Bedroom Homes for Rent | $1,766 | $1,450 | $2,200 |
Browse Top Homes for Rent in Milan
Explore Milan
Milan, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| RIVERWALK LOFTS | 1 Bed 1 Bath | 1BR,1BA | $650 |
| Carriage Hill | 1BR/1.0BA | 1BR,1BA | $775 |
| Pershing Hill Lofts | Studio | Studio,1BA | $818 |
| Crescent Lofts | Income Restricted | 1BR,1BA | $824 |
| Timber Ridge Apartments | 1BR/1.0BA | 1BR,1BA | $825 |
Best Value Apartments for Rent in Milan, IL and Nearby
As of April 10, 2026 the best value apartment in the Milan area is the $1.04 price per square foot 1bd/1ba Model at Davenport Bank Apartments in the in the Vander Veer Park neighborhood starting from $1,250. The second greatest value Milan apartment is the The Hepburn Model at LeClaire starting at $1,125 with a $0.98 price per square foot in the Villa 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 | 1bd/1ba | 1BR,1BA | $1.04 |
| LeClaire | The Hepburn | 2BR,1BA | $0.98 |
| Market Lofts in the Heart of Downtown Devenport | 1BR/1.0BA | 1BR,1BA | $1.29 |
| Crescent Lofts | Market 1 bed 1.5 bath | 1BR,1.5BA | $1.19 |
| The Penthouse Davenport | One Bedroom | 1BR,1BA | $1.25 |
| EN806 | 2BR/1.0BA | 2BR,1BA | $1.33 |
| Carriage Hill | 1BR/1.0BA | 1BR,1BA | $1.09 |
| Timber Ridge Apartments | 1BR/1.0BA | 1BR,1BA | $1.19 |
| RIVERWALK LOFTS | 1 Bed 1 Bath | 1BR,1BA | $0.99 |
| 2543 17th St, Unit 1 | 2543 17th St | 1BR,1BA | $1.21 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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 ArticleCash 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.
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
Frequently Asked Questions about Milan
What type of rentals are currently available in Milan?
There are currently 71 Apartments for Rent in Milan, IL with pricing that ranges from $644 to $2,850. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milan ranging from $625 to $2,450.
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 $625 to $2,450 with an average monthly rent of $1,429.
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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.