Average Rent in Milan, IL and Rent Price Trends

Rent price trends in
Milan, IL

Rent price trends

Rent prices for all bedroom counts and property types in Milan, IL have decreased by 19% in the last month and have decreased by 13% in the last year.

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Rent comparables in
Milan, IL
The monthly rent for an apartment in Milan, IL is $975. A 1-bedroom apartment in Milan, IL costs about $750 on average, while a 2-bedroom apartment is $895. Houses for rent in Milan, IL are more expensive, with an average monthly cost of $1,300.


1 bedroom	$775	1%	18%
2 bedroom	$1,075	14%	41%
3 bedroom	$1,195	60%	11%
4 bedroom	$1,500	1%	4%
Studio	$1,725	-	-


Apartments	$975	23%	No Change
Condos	$1,100	-	-
Houses	$1,300	7%	No Change

Studio

Average rent

$1,725

1 bedroom

Average rent

$775

Last 30 days

Last year

18%

2 bedroom

Average rent

$1,075

Last 30 days

14%

Last year

41%

3 bedroom

Average rent

$1,195

Last 30 days

60%

Last year

11%

4 bedroom

Average rent

$1,500

Last 30 days

Last year

The table above reflects average rent prices in Milan, IL, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Compare rent prices in Milan, IL to other cities

Median rent prices in Milan, IL for all bedroom counts and property types compared to Aledo, IL.

Milan

Median rent price$1,100

42%

lower than the national median

Median rent price$975

49%

lower than the national median

Takeaway

The median rent for all rentals in Milan, IL is 13% higher than the median rent in Aledo, IL.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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