Average Rent in Milan, IL and Rent Price Trends

Rent price summary for
Milan, IL

As of August 2025, the median rent for all bedroom counts and property types in Milan, IL is $950. This is -52% lower than the national average.

$1.19

average price per square foot

Median rent

$950

24%

over the previous yearvs previous year

Total rentals

14

for rent on Zumper.com

As of August 2025, the median rent for all bedroom counts and property types in Milan, IL is $950. This is -52% lower than the national average.

$1.19

average price per square foot

Rent ranges

37%

47%

16%

$0-$750$0 - $750

$751-$1,500$751 - $1,500

$1,501-$2,250$1,501 - $2,250

Households

59%

41%

Owner-occupied

Renter-occupied

Median rent and rent ranges are based on Zumper inventory in the last 30 days. Household data are provided by the US Census Bureau.

This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Milan, IL, in the last 30 days, rent estimates may not represent the actual market.

Rent comparables in
Milan, IL
The monthly rent for an apartment in Milan, IL is $800. A 1-bedroom apartment in Milan, IL costs about $700 on average, while a 2-bedroom apartment is $895. Houses for rent in Milan, IL are more expensive, with an average monthly cost of $1,250.


1 bedroom	$845	1%	54%
2 bedroom	$900	2%	-
3 bedroom	$1,400	26%	1%
4 bedroom	$1,250	No Change	14%
Studio	$840	-	-


Apartments	$800	7%	No Change
Condos	$950	-	-
Houses	$1,250	27%	No Change

Studio

Average rent

$840

1 bedroom

Average rent

$845

Last 30 days

Last year

54%

2 bedroom

Average rent

$900

Last 30 days

3 bedroom

Average rent

$1,400

Last 30 days

26%

Last year

4 bedroom

Average rent

$1,250

Last year

14%

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$950

53%

lower than the national median

Median rent price$872

56%

lower than the national median

Takeaway

The median rent for all rentals in Milan, IL is 9% 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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