Cheap Apartments for Rent near Gibson City, IL from $500 (26 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Gibson City.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Read Article
close
View Me
Colony Court
$1,135 - $1,285
Total Monthly Price

Total Monthly Price

Base Rent
$1,135 - $1,285
Total Monthly Price
$1,135 - $1,285
2 to 3 Bedroom Apartments Available Now

Colony Court

502 S Mattis AveChampaign, IL 61821
Affordability
  • Verified
  • 3D Tour

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
close
View Me
913 W Church St.
1 Bedroom Apartments

913 W Church St.

913 W Church StChampaign, IL 61821
  • Utilities Included
close
View Me
Barrington
1 Bedroom Apartments

Barrington

2541-2553 W Springfield AveChampaign, IL 61821
Corporate Housing
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article
Showing Results 1-26, Page 1 of 1

Gibson City, IL Local Guide

Cheapest Available Gibson City Apartments for Rent and Nearby

 

The cheapest available apartment rental in Gibson City, IL is a 1 Bed unit found at Parker Glen priced from $533. Bradlee Park Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here is today’s list of the most affordable Gibson City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parker Glen1Bdrm1BR,1BA$533
Bradlee Park ApartmentsStudioStudio,1BA$650
West Liberty Point 1BRWest Liberty Point 1BR - West...1BR,1BA$725
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$800
Twin Oaks2423 W. Bradley Ave1BR,1BA$800
Meadowview Apartments - MahometTwo Bedroom One Bathroom2BR,1BA$845
Wellington Place1 Bedroom on the 1st floor1BR,1BA$900
Park VistaOne Bedroom1BR,1BA$975
Eastland ApartmentsStudio ApartmentStudio,1BA$995
Town Center Apartments2 Bedroom 1 Bath2BR,1BA$1,060

Best Value Apartments for Rent in Gibson City, IL and Nearby

As of July 14, 2026 the best value apartment in the Gibson City area is the $0.68 price per square foot South Pointe 3bd/1.5ba Duplex w/ Carport & Base... Model at South Pointe Commons in the starting from $1,208. The second greatest value Gibson City apartment is the The Winchester Model at Nantucket Cove Apartments starting at $1,709 with a $1.03 price per square foot . Here is today’s list of the best values for Gibson City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
South Pointe CommonsSouth Pointe 3bd/1.5ba Duplex w/ Carport & Base...3BR,1.5BA$0.68
Nantucket Cove ApartmentsThe Winchester4BR,4BA$1.03
Tuscany Ridge Townhomes3 Bedroom Townhome (Standard Unit)3BR,2.5BA$1.08
Parker Glen3 Bdrm3BR,2BA$1.08
The Linc Apartments3x33BR,3BA$0.57
Stonegate Village by Royse + BrinkmeyerThe Sandstone w/ Loft2BR,1.5BA$1.21
Colony CourtThree Bedroom3BR,1BA$1.19
Town Center Apartments2 Bedroom 1 Bath2BR,1BA$1.14
Capstone QuartersTwo Bedroom Select2BR,2BA$0.80
Meadowview Apartments - MahometTwo Bedroom One Bathroom2BR,1BA$1.03

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Best Local Schools in
Gibson City, IL

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Gibson City, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Gibson City, IL

View Map
Gibson City, IL Apartments Map
View Map
Gibson City, IL Rental Homes Map

Gibson City, IL Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Jennifer

March 5, 2026

I want to be closer to my kid grands so I can spend more time with them And I think I think this city is a nice place for my grandkids and e will be able to go places there

Frequently Asked Questions about Cheap Gibson City Apartments

How much is rent for a Cheap One Bedroom Gibson City Apartment?

The lowest price for a Cheap One Bedroom Gibson City Apartment is $533 at Parker Glen.

What is the lowest price for a Cheap Two Bedroom Gibson City Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Gibson City is starting from $845 at Meadowview Apartments - Mahomet.

What is the most affordable Gibson City Three Bedroom Apartment?

The best deal on a cheap Gibson City Three Bedroom Apartment rental is at Park Vista and starts from $1,125.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.