
Cheap Homes for Rent in Milan, IL from $700 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Milan.


3637 Johnson Ave

1329 7th Ave

836 28th St

2325 McKinley Ave

2007 46th St

302 30th Avenue Ct, Unit 2 Bed Townhouse
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.

2501 26th Ave Ct

2209 41st St

4341 11th St

1577 31st Ave

3045 4th St

240 5th St E

240 5th St E
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.
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 | $1,114 | $795 | $1,999 |
| Milan 3 Bedroom Homes for Rent | $1,263 | $897 | $1,575 |
| Milan 4 Bedroom Homes for Rent | $1,932 | $1,150 | $2,750 |
Browse Top Homes for Rent in Milan
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Milan, IL Local Guide
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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 |
| Pine Ridge | 1-sycam | 1BR,1BA | $800 |
Best Value Apartments for Rent in Milan, IL
As of December 29, 2025 the best value apartment in the Milan area is the $0.74 price per square foot 1 BR/ 1 BA Model at Bucktown Lofts in the in the Vander Veer Park neighborhood starting from $998. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bucktown Lofts | 1 BR/ 1 BA | 1BR,1BA | $0.74 |
| Davenport Bank Apartments | 1bd/1ba | 1BR,1BA | $1.04 |
| LeClaire | The Fitzgerald | 2BR,1BA | $1.00 |
| Gordon-Van Tine Commons | 1 Bedroom | 1BR,1BA | $0.98 |
| 2504 15th St, Unit 4 | 2504 15th St | 2BR,1BA | $0.91 |
| Pine Ridge | 2-willow | 2BR,1BA | $1.19 |
| Carriage Hill | 1BR/1.0BA | 1BR,1BA | $0.88 |
| RIVERWALK LOFTS | 1 Bed 1 Bath | 1BR,1BA | $0.99 |
| Shire and Rivendell Apartments | 1BR/1BA | 1BR,1BA | $1.08 |
| Harrison Lofts | Studio - 40% | Studio ,1BA | $1.14 |
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.
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 74 Apartments for Rent in Milan, IL with pricing that ranges from $625 to $2,600. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milan ranging from $795 to $2,750.
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 $795 to $2,750 with an average monthly rent of $1,339.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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!