Cheap Homes for Rent in Milan, IN from $700 (10 Rentals)

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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.

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

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 ListingModel NameBed/BathPriced From
Cedar Hill Apartments1 Bedroom1BR,1BA$895
Emberwood ApartmentsOne Bedroom One Bathroom1BR,1BA$975
Indian FootprintsThunderbird1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Hopeful Trace TownhomesTwo Bed w/Studio, Two-Half Bath TH2BR,2.5BA$1.24
Hamlet on the Bend3x23BR,2BA$1.36
South Pointe Townhomes3 Bedroom Garden3BR,2BA$1.21
Village In The WoodsTownhouse2BR,1.5BA$1.15
Miamiview Apartments2 BR/1.5 BA (Ph 1-3)2BR,1.5BA$1.33
Burgundy Hills ApartmentsThe Ivy View2BR,2BA$1.39
Newly Renovated Apartments2 bed 1 bath2BR,1BA$1.24
Green Valley Apartments2BR/1.0BA2BR,1BA$1.37
Emberwood ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.40
Cedar Hill Apartments1 Bedroom1BR,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.

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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

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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!

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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

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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.

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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.

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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.

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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.