
Cheap Homes for Rent in Milan, IN from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Milan.


2722 Montana Ave

2915 Mignon Ave

401 Harrison Ave

3121 Gobel Ave
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.

206 N 7th St

138 1st St

606 Willow St

121 Fernald Dr

2969 Four Towers Dr
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.
Milan, IN 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 | $1,349 | $895 | $1,750 |
| Milan 3 Bedroom Homes for Rent | $2,383 | $1,350 | $6,995 |
| Milan 4 Bedroom Homes for Rent | $2,534 | $1,600 | $3,375 |
| Milan 5 Bedroom Homes for Rent | $5,163 | $2,000 | $8,995 |
Browse Top Homes for Rent in Milan
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Milan, IN Local Guide
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Cheapest Available Milan Apartments for Rent and Nearby
 The cheapest available apartment rental in Milan, IN is a 1 Bed unit found at Cedar Hill Apartments in the Mack North neighborhood priced from $895. Emberwood Apartments in the North Cincinnati neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here is today’s list of the most affordable Milan apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedar Hill Apartments | 1 Bedroom | 1BR,1BA | $895 |
| Emberwood Apartments | One Bedroom One Bathroom | 1BR,1BA | $975 |
| Indian Footprints | Thunderbird | 1BR,1BA | $1,065 |
Best Value Apartments for Rent in Milan, IN and Nearby
As of May 08, 2026 the best value apartment in the Milan area is the $1.24 price per square foot Two Bed w/Studio, Two-Half Bath TH Model at Hopeful Trace Townhomes in the in the French Quarter at Orleans neighborhood starting from $2,100. The second greatest value Milan apartment is the 3x2 Model at Hamlet on the Bend starting at $1,900 with a $1.36 price per square foot in the Thornwilde Seasons 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. |
|---|---|---|---|
| Hopeful Trace Townhomes | Two Bed w/Studio, Two-Half Bath TH | 2BR,2.5BA | $1.24 |
| Hamlet on the Bend | 3x2 | 3BR,2BA | $1.36 |
| South Pointe Townhomes | 3 Bedroom Garden | 3BR,2BA | $1.21 |
| Village In The Woods | Townhouse | 2BR,1.5BA | $1.15 |
| Miamiview Apartments | 2 BR/1.5 BA (Ph 1-3) | 2BR,1.5BA | $1.33 |
| Burgundy Hills Apartments | The Ivy View | 2BR,2BA | $1.39 |
| Newly Renovated Apartments | 2 bed 1 bath | 2BR,1BA | $1.24 |
| Green Valley Apartments | 2BR/1.0BA | 2BR,1BA | $1.37 |
| Emberwood Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.40 |
| Cedar Hill Apartments | 1 Bedroom | 1BR,1BA | $1.38 |
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 ArticleReal 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.
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, IN Rentals by Map
See the most popular apartments and homes in Milan, IN
Frequently Asked Questions about Milan
What type of rentals are currently available in Milan?
There are currently 47 Apartments for Rent in Milan, IN with pricing that ranges from $700 to $2,720. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milan ranging from $750 to $8,995.
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 $750 to $8,995 with an average monthly rent of $2,443.
How much are larger Three and Four Bedroom Rentals in Milan?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Milan range from $1,200 to $2,720, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $6,995. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $1,455.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.