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Rental Market Trends in Milan, MI

What is the average rent in Milan, MI?

$881/month

Average Rent

663 Sq Ft

Average Apartment Size

+2.9%

Increase in the Last Year

As of February 2026, the average rent in Milan, MI is $881 per month. This is 46% lower than the national average rent of $1,626/month, making renting in Milan more affordable than most cities in the US. When you rent an apartment in Milan, you can expect to pay about $478 per month for a studio, $881 for a one-bedroom apartment, and around $1,176 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$478/month
0 Sq Ft
One Bedroom
$881/month
663 Sq Ft
Two Bedroom
$1,176/month
965 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Milan, MI?

In the past year, rent has increased by 2.9%, which averages out to $26 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Milan, MI
Last Updated February 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Milan, MI
Percentage*
Rent Range
0% Below $700/month
40% $700 - $1,000/month
60% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Milan, MI?

Because the average rent in Milan is $881, you’ll want to make about $2,936 per month or $35,232 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Milan, MI

44 Available Apartments for Rent

Search for Nearby Apartments

How does Milan, MI compare to other nearby cities and neighborhoods?

Use the tool below to compare Milan, MI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Milan, MI

Apartment Averages

Apartment communities in Milan we think you'll love

Culver Estates Apartments

Culver Estates Apartments

140 Lauff Dr,
Milan, MI 48160

$1,129 - $1,440

1-2 Beds

Milan Pines

Milan Pines

461 Greentree Ln,
Milan, MI 48160

$950 - $1,100

1-2 Beds

Storl Apartments - No availabilities

Storl Apartments - No availabilities

39-41 W Main St,
Milan, MI 48160

$950 Total Monthly Price

1 Bed

157 Canfield St

157 Canfield St

157 Canfield St,
Milan, MI 48160

$1,095

2 Beds

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United States Michigan Milan Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity