Homes & Apartments for Rent in 38358

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What to Know About

Life in Milan & Beyond

Milan shares many of the great qualities that make Tennessee a desirable place to live.

Tennessee is known for its dazzling natural beauty, rich history, and vibrant culture. With its rolling hills, majestic mountains, and sparkling waterways, Tennessee has something for everyone from the Great Smoky Mountains National Park, the Memphis Zoo, the Country Music Hall of Fame, and the Jack Daniel's Distillery. Tennessee is also home to respected institutions such as Vanderbilt University and the University of Tennessee. In addition, Tennessee's economy is also thriving, driven by a mix of industries, including healthcare, finance, and manufacturing.

For adventure seekers, there is plenty to do in Tennessee, from fishing in the Tennessee River to hiking in the Smoky Mountains. Sports fans can cheer on the Tennessee Titans (NFL), Nashville Predators (NHL), and Memphis Grizzlies (NBA). Discover and indulge in famous attractions like the Ryman Auditorium, the Parthenon, and Graceland. The state is also known for its rich music history, including blues, country, and rock-and-roll, and there is a thriving theater and arts scene in cities like Nashville and Memphis.

Its high quality of life, strong economy, and friendly community make Tennessee a great place to call home.

Rental Market Trends

Milan, TN

As of June 2026, Milan's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Milan's average rent is 20.5% ($287) lower than the Tennessee average of $1,397 and 38.2% ($687) lower than the U.S. average of $1,797.

Average Rent
$1,110
Monthly ChangeMonth Over Month Change
Decreased4.1% ($47)
Yearly ChangeYear Over Year Change
Decreased1.2% ($14)
Avg. Days on MarketAverage Days on Market
32
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $900 Decreased17.3% ($188) Decreased6.2% ($59)
2 Beds $1,043 Decreased18.6% ($239) Decreased6.5% ($72)
3 Beds $1,212 Decreased34.1% ($626) Decreased7.4% ($97)
Nearby Cities Average Rent Avg. Rent vs. MilanAverage Rent vs. Milan Avg. Days on MarketAverage Days on Market
Humboldt $803 Decreased27.7% ($307) 32 days
Greenfield $1,211 Increased9.1% ($101) 34 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, TN.

The average rent in Milan, TN is $1,110 per month.
Homes in Milan typically rent for between $630 and $1,576 per month, with an average of $1,110 per month.
In Milan, the average rent for a 1-bedroom home is $900 per month, for a 2-bedroom home, $1,043 per month, and a 3-bedroom home is $1,212 per month.
The average rent in Milan is 38.2% ($687) lower than the national average of $1,797 per month.
The average rent in Milan has decreased by 4.1% ($47) in the last month and decreased by 1.2% ($14) over the past year.
The rental market in Milan, TN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Milan, TN, the average rental stays on the market for approximately 32 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 7 rental properties available in Milan, TN.
Based on the current averages, a household would need an annual income of $41,720 to comfortably afford a 2-bedroom home in Milan.
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