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Newest Homes for Rent in Milan, IL

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  • /50

    Starting at $1,200 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
  • /5

    $775 Per Month

    • 2 Beds
    • 1 Bath
    • 550 Sq Ft
    • 2 Bedroom Apartment - Milan, IL

    213 28th Ave W Unit 3, Milan, IL 61264

    Welcome to 213 28th Ave W Milan, IL, a smaller but convenient 2-bedroom 1-bathroom apartment that offers a perfect blend of comfort and convenience. The cozy bedrooms are carpeted, adding a touch of warmth and comfort. The apartment also boasts a small, fenced-in backyard, offering a private outdoor space for relaxation or entertaining. A dedicated parking space is included, ensuring hassle-free

    213 28th Ave W Unit 3, Milan, IL 61264
  • /4

    $850

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 1,500 Sq Ft
    • Condo for Rent

    407 11th Ave W Unit Milan apartment, Milan, IL 61264

    2 bedroom ref stove central air newly remodeled new kitchen cabnets , ceiling fans .

    407 11th Ave W Unit Milan apartment, 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
  • /18

    $800

    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

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 $825 per month, though prices vary by neighborhood, size, and property type. As of July 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 $33,000 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 $825 per month in Milan, IL, renters typically need to show $2,475 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 15.4, 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, Northwest Davenport, Near North Side and Hilltop, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$825
Median Single Family Home Rent
$1,100
Median Condo Rent
$800
How to Rent a Home