Cheap Homes for Rent in Milan, IL from $700 (14 Rentals)

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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 Carriage Hill in the Vander Veer Park neighborhood priced from $625. Shire and Rivendell Apartments in the Downtown Moline neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Milan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Carriage Hill1BR/1.0BA1BR,1BA$625
Shire and Rivendell Apartments1BR/1BA1BR,1BA$650
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$650
Pine Ridges-scarleStudio,1BA$695
Harrison LoftsStudioStudio,1BA$732

Best Value Apartments for Rent in Milan, IL and Nearby

As of November 11, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Beverly Manor3BR/2.0BA3BR,2BA$1.00
Davenport Bank Apartments2bd/2ba2BR,2BA$1.00
LeClaireThe Hepburn2BR,1BA$1.03
Vue at 7th2 Bedroom 1 Bathroom2BR,1BA$1.00
2629 24th St, Unit C2629 24th St2BR,1BA$0.91
2504 15th St, Unit 42504 15th St2BR,1BA$0.93
Carriage Hill1BR/1.0BA1BR,1BA$0.88
1215 24th Street Place - River Oaks Apartments1BR/1.0BA1BR,1BA$1.11
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$0.99
Shire and Rivendell Apartments1BR/1BA1BR,1BA$1.08

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

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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 $625 to $2,400. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milan ranging from $700 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 $700 to $2,450 with an average monthly rent of $1,201.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.