Milan, IL rental market
Last updated August 10, 2025
Rental market summary
The average rent for all bedrooms and all property types in Milan, IL is $900.
$900
-$50
-$70
7
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $650 to $1,400.
| Rent price | Number of rental properties |
|---|---|
| $600 | 2 |
| $700 | 1 |
| $800 | 2 |
| $900 | 1 |
| $1,000 | 1 |
| $1,100 | 2 |
| $1,300 | 1 |
| $1,400+ | 1 |
Average rent price over time
In the last year, rent has decreased by $70 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $979 | $1,100 |
| Feb | $950 | $1,216 |
| Mar | $825 | $1,095 |
| Apr | $1,325 | $1,095 |
| May | $1,100 | $700 |
| Jun | $1,300 | $800 |
| Jul | $1,025 | $950 |
| Aug | $675 | $900 |
| Sep | $919 | No data |
| Oct | $990 | No data |
| Nov | $1,000 | No data |
| Dec | $800 | No data |
Market temperature
The Milan, IL rental market temperature is HOT. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Milan, IL is 57% lower than the national average.
$900
$2,100
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Frequently asked questions
1. What is the average rent in Milan, IL?
The average rent in Milan, IL is $900.
2. How much does it cost to rent a house in Milan, IL?
Houses in Milan, IL rent between $650 - $1,400 with an average rent of $900.
3. How has the rent in Milan, IL changed in the last year?
In the last year, the rent in Milan, IL decreased by $70
4. How much has the rent in Milan, IL increased/decreased in the last month?
In the last month, the rent in Milan, IL decreased by $50
5. How many available rentals are there in Milan, IL?
There are currently 7 rentals available in Milan, IL.
6. How do rent prices in Milan, IL compare with the national average?
The average rent in Milan, IL is $900 — 57.14% lower the national average of $2,100.