Apartments in Milan

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10
$875
Milan, IL
2 BR | Available Now
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Air Conditioning
20
$1,400
1911 Cobblestone Ln Milan, IL
2 BR | Feb. 7, 2026
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Dog Friendly
Cat Friendly
0
$750
213 28th Ave W Milan, IL
2 BR | Available Now
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1
$700
Aledo, IL
Studio | Available Now
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Storage
Disability Access
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How much does it cost to rent an apartment in Milan?

Milan Apartments
Bed Type Average Rent Range
2BR $880 $750 - $1,400

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Milan:
December Rent Report

Welcome to the December 2025 Milan Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2025 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
Jan. 2025
Feb. 2025
Mar. 2025
Apr. 2025
May. 2025
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
1 BR       2 BR

Milan Rent Prices Decrease From November to December

Milan rent prices decreased over the last month. From November to December, 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 November to December, 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 $.

December 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.

December 2025 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 December 1 BR M/M % Change 2 BR December 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.