5

Milan, IL Homes for Rent

Section Image
  • /50

    Starting at $1,205 Per Month

    • 1 - 3 Beds

    300 20th Ave W, Milan, IL 61264

    Village Woods Apartments are located on 300 20th Ave. West, providing you with quick access to downtown Moline and an array of recreational areas and parks. Our Milan apartments are designed with you in mind, combining comfort and convenience in every apartment home. We are proud to offer pet-friendly apartment living in Milan, so you never have to choose between your pet and your ideal home

    Village Woods

    300 20th Ave W, Milan, IL 61264
  • /13

    $1,350

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 100 Sq Ft
    • House for Rent

    449 4th St E, Milan, IL 61264

    Available now! Inquire today to ask about this fantastic Milan home! Features include three bedroom, one bathroom, 2 car detached garage that has a storage area on the second floor, and there are washer and dryer hook ups on the main floor. This home also is great for hosting with a patio area in the back yard and has central air for the hot summer that’s coming! Rent: $1,350/month rent,

    449 4th St E, Milan, IL 61264
  • /18

    $865

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 600 Sq Ft
    • Condo for Rent

    123 6th St W Unit 115, Milan, IL 61264

    2 Bedroom 1 Bath Apartment in the center of Milan, Illinois. Updated Kitchen and Bathroom with newer appliances. Off street parking. Tenant pays for all utilities. $40.00 Application fee for each adult. Pets allowed, subject to approval.

    123 6th St W Unit 115, Milan, IL 61264
  • /9

    $1,100 Per Month

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft
    • Cozy Peaceful 2 Bedroom Milan Home with Garage

    472 5th St E, Milan, IL 61264

    Address: 472 E 5th St, Milan, IL 61264Rent: $1,100/monthSecurity Deposit: $1,200Size: 900 sq. ft.Available: 08/15/2026*Key Features:2-Bedrooms1-Bathroom1 Car-Detached garageLarge Partially Fenced-in YardQuiet Area on a Dead-end StreetPet-friendly: Pets are welcome! ($45/month per pet, restrictions apply)The tenant is responsible for all

    472 5th St E, Milan, IL 61264

Why Live in Milan

Milan, Illinois, is a quaint village located at the southern edge of the Quad Cities, offering a peaceful community atmosphere while maintaining convenient access to major attractions and employers in the area. Bordered by the Rock River, Milan provides a laid-back lifestyle distinct from the busier cities to the north. Housing options in Milan include a variety of styles such as two-story homes, bungalows, and ranch-style houses, often featuring basements and garages. The village is known for its affordability compared to other parts of the Quad Cities. Residents enjoy a walkable environment with sidewalks leading to local parks and dining options. Pappas Park offers recreational facilities, and the Hennepin Canal State Trail provides opportunities for hiking, biking, and more. For dining, locals frequent Two Sisters for diner classics and Pagalo’s Pizzeria & Gelato Café for wood-fired pizzas. The village is well-connected via major roads like I-280 and Highway 67, facilitating easy commutes to nearby cities such as Rock Island and Davenport, both under 6 miles away. Entertainment options include the Vibrant Arena at The MARK in Moline, hosting concerts and hockey games, and Bally’s Casino & Hotel, located 4.5 miles west. Milan's proximity to the Quad Cities International Airport, just 4 miles east, adds to its appeal for those who travel frequently.

Frequently Asked Questions

How much does it cost to rent a home in Milan, IL?
The median rent for a home in Milan, IL is $982 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Milan, IL?
To comfortably afford the median rent in Milan, IL, a household needs to earn roughly $39,280 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $982 per month in Milan, IL, renters typically need to show $2,946 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Milan, IL?
In Milan, IL, the price-to-rent ratio is 13.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Milan, IL are best for renting a home?
The best neighborhood for renting in Milan, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Central Rock Island, Central Davenport, East End, Northwest Davenport and Near North Side, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$982
Median Single Family Home Rent
$1,100
Median Condo Rent
$865
How to Rent a Home