Apartments in Milan

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$750
2702 117th Ave W Milan, IL
2 BR | Available Now
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Cat Friendly
Air Conditioning
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$795
Milan, IL
1 BR | Apr. 10, 2026
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$1,325
11521 18th St Milan, IL
3 BR | Jun. 10, 2026
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$850
Aledo, IL
2 BR | Available Now
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$685
Aledo, IL
Studio | Available Now
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How much does it cost to rent an apartment in Milan?

Milan Apartments
Bed Type Average Rent Range
1BR $800 $800 - $800
2BR $800 $750 - $850

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Milan:
March Rent Report

Welcome to the March 2026 Milan Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2026 key findings and figures for the Milan rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Milan and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Milan average rent prices in the chart below.

Monthly Rent Report

$900
$680
$450
$230
$0
Apr. 2025
May. 2025
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
Jan. 2026
Feb. 2026
Mar. 2026
1 BR       2 BR

Milan Rent Prices Decrease From February to March

Milan rent prices decreased over the last month. From February to March, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Milan one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from February to March, Milan experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Milan two-bedroom apartments currently stands at $.

March Prices: Milan vs. Surrounding Areas

Rent Prices in Milan and Surrounding Areas

Rent prices have decreased in Milan over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Milan suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Milan suburbs

  • Rents did not decrease in any of the Milan suburbs.

March 2026 Pricing Trends: Milan vs. National Comparisons

Milan Rent Prices More Affordable Than Major Cities

Rent growth in Milan over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Milan average rent prices appear to be relatively affordable for local residents.

The price for a Milan one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Milan and surrounding area rent prices, take a look at the complete data set below.

Data set for Milan and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.