Cheap Apartments for Rent in 47031

1 rentals

  • 407 W Ellis St, Milan, IN 47031
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    APPLY INSTANTLY
    $1,150/mo
    2 Beds
    1 Bath
    1,100 sqft
    407 W Ellis St,
    Milan, IN 47031

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    47031
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Apartments For Rent Near 47031

We found 30 more apartments matching your filters just outside 47031

Average Rent Trends in 47031

Rent in 47031 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in Apr 2026 compared to the previous month. Rent previously peaked in Jul 2025.
MonthAverage rent
Mar 2025$1,295
Apr 2025$1,295
May 2025$1,100
Jul 2025$1,350
Aug 2025$1,350
Sep 2025$1,350
Oct 2025$1,350
Nov 2025$1,350
Dec 2025$1,350
Feb 2026$1,350
Mar 2026$1,350
Apr 2026$1,350
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Average Rent By Bedroom and Home Type

1 bed2 beds3 beds4 bedsAll
All home types—$1,150——$1,150
Apartments and Condos—$1,150——$1,150

Frequently Asked Questions about Rentals in 47031

  • What is the average rent of an apartment in 47031?
    The average rent of an apartment in 47031 is $1,150 per month. This is about 40% lower than the national average.
  • When is the average rent cheapest in 47031?
    In the last year, the average rent in 47031 was lowest in May 2025 when it was $1,100 per month.
  • When is the average rent most expensive in 47031?
    In the last year, the average rent in 47031 was highest in Jul 2025 when it was $1,350 per month.
  • How many available rental listings are in 47031?
    There are 1 available rental listings in 47031.
  • What are some cities near 47031?
    Some nearby cities include: Milan, Moores Hill, Versailles, Sunman, Osgood, Dillsboro. These cities may have more rental options to explore.