Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.

Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.

With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.

Rental Market Trends

Milan, IL

As of July 2025, Milan's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Milan's average rent is 30.9% ($538) lower than the Illinois average of $1,743 and 32.1% ($570) lower than the U.S. average of $1,775.

Average Rent

$1,205

Monthly ChangeMonth Over Month Change

6.2% ($79)

Yearly ChangeYear Over Year Change

6.2% ($79)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$972	6.2% ($57)	6.2% ($57)
2 Beds	$1,234	4.8% ($56)	4.8% ($56)
3 Beds	$1,364	3% ($40)	3% ($40)

Nearby Cities	Average Rent	Avg. Rent vs. MilanAverage Rent vs. Milan	Avg. Days on MarketAverage Days on Market
Rock Island	$756	37.3% ($449)	36 days
Moline	$1,021	15.3% ($184)	30 days
Davenport	$1,169	3% ($36)	44 days
Silvis	$1,402	16.3% ($197)	34 days
Bettendorf	$1,036	14% ($169)	48 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Milan Rental Market FAQs

Explore rental prices, market trends, and availability in Milan, IL.

What is the average rent in Milan, IL?

The average rent in Milan, IL is $1,205 per month.

What is the rental price range for homes in Milan, IL?

Homes in Milan typically rent for between $680 and $1,773 per month, with an average of $1,205 per month.

What is the average rent for different bedroom sizes in Milan, IL?

In Milan, the average rent for a 1-bedroom home is $972 per month, for a 2-bedroom home, $1,234 per month, and a 3-bedroom home is $1,364 per month.

How do rent prices in Milan, IL compare with the national average?

The average rent in Milan is 32.1% ($570) lower than the national average of $1,775 per month.

How have rent prices in Milan, IL changed recently?

The average rent in Milan has decreased by 6.2% ($79) in the last month and decreased by 6.2% ($79) over the past year.

How competitive is the rental market in Milan, IL?

The rental market in Milan, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Milan, IL?

In Milan, IL, the average rental stays on the market for approximately 36 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Milan, IL?

There are currently 3 rental properties available in Milan, IL.

Can I afford to rent a home in Milan, IL?

Based on the current averages, a household would need an annual income of $49,360 to comfortably afford a 2-bedroom home in Milan.