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Milan, MI Condos for Rent

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  • /12

    $1,000 Per Month

    • 1 Bed
    • 1 Bath
    • 500 Sq Ft
    • Condo for Rent

    26 Wabash St Unit 3, Milan, MI 48160

    First floor unit. One bedroom, one bath. All new appliances and vinyl flooring. Laundry on site, shared. Nice porch to relax on. Walk to town. Proof of income, credit report and references required. Move in immediately. Water included. No smoking, 1 cat permitted. Occupancy May 1st.

    Chris Karapatsakis Remerica Hometown III

    26 Wabash St Unit 3, Milan, MI 48160
  • /11

    $1,450

    Total Monthly Price

    • 1 Bed
    • 1.5 Baths
    • 900 Sq Ft
    • Condo for Rent

    305 Judd Rd Unit 3, Milan, MI 48160

    Quiet Country setting with beautiful back yard to enjoy with friends.

    305 Judd Rd Unit 3, Milan, MI 48160
  • /20

    $1,300 Per Month

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

    26 Wabash St Unit 6, Milan, MI 48160

    Second floor unit. Occupancy July 1st. All new appliances and cabinets. New roof and windows, totally renovated. Move in ready. Right in downtown Milan. Separate entrance. Common laundry, One of 6 units. Proof of income, drivers license, apply through RentSpree. One and one half month security deposit. Agent Owned.

    Chris Karapatsakis Remerica Hometown III

    26 Wabash St Unit 6, Milan, MI 48160

Frequently Asked Questions

How much does it cost to rent a condo in Milan, MI?
The median rent for a condo in Milan, MI is $1,095 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, MI?
To comfortably afford the median rent in Milan, MI, a household needs to earn roughly $41,200 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 $1,030 per month in Milan, MI, renters typically need to show $3,090 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, MI?
In Milan, MI, the price-to-rent ratio is 27.5, 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, MI are best for renting a condo?
The best neighborhood for renting in Milan, MI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Allen, Midtown, Briarwood, Depot Town and North Burns Park, each with its own character and price range.

Condo Rental Trends in Milan, MI

Rental Home Trends

Number of Condos for Rent
3
Median Condo Rent
$1,095
Median 1 Bedroom Condo Rent
$998
Median 2 Bedroom Condo Rent
$1,095
How to Rent a Home