Cheap Apartments for Rent in Gilbert, IA from $400 (43 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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520 5th St
1 Bedroom Apartments

520 5th St

520 5th StAmes, IA 50010
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307 Lynn Ave
1 to 4 Bedroom Apartments

307 Lynn Ave

307 Lynn AveAmes, IA 50014
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Furman Regency Court
1 to 2 Bedroom Apartments

Furman Regency Court

3020 Regency CtAmes, IA 50010
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1005 28th St
1 to 2 Bedroom Apartments

1005 28th St

1005 28th StAmes, IA 50010
  • Utilities Included

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Spruce Pointe
1 to 2 Bedroom Apartments

Spruce Pointe

126 Beedle DrAmes, IA 50014
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3319 Story St
2 to 4 Bedroom Apartments

3319 Story St

3319 Story StAmes, IA 50014
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2721 Luther Dr
1 to 2 Bedroom Apartments

2721 Luther Dr

2721 Luther DrAmes, IA 50010
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141 Campus Ave
2 Bedroom Apartments

141 Campus Ave

141 Campus AveAmes, IA 50014

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.

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Delaware Woods
2 to 3 Bedroom Apartments

Delaware Woods

1121 Delaware AveAmes, IA 50014

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.

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225 Hyland
1 to 3 Bedroom Apartments

225 Hyland

225 N Hyland AveAmes, IA 50014
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Cardinal Terrace
1 to 2 Bedroom Apartments

Cardinal Terrace

211 Lynn AveAmes, IA 50014
Student Housing
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Showing Results 1-43, Page 1 of 1

Gilbert, IA Local Guide

Cheapest Available Gilbert Apartments for Rent and Nearby

 

The cheapest available apartment rental in Gilbert, IA is a 3 Beds unit found at Campustown in the Somerset neighborhood priced from $489. 304 Welch Ave in the Somerset neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $635. Here is today’s list of the most affordable Gilbert apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Campustown200 Stanton Ave - 3 Bed - 1 Bath - C - UF3BR,1BA$489
304 Welch AveStudioStudio,1BA$635
203 Campus1 Bed1BR,1BA$650
Melrose Park Apartments1 Bed/1 Bath Apartment1BR,1BA$785
Somerset ApartmentsStudio ApartmentStudio,1BA$800
Hyland Apartments1 Bedroom Apartment1BR,1BA$820
Wyndsor Terrace2 bed 1 bath2BR,1BA$825
Total Property Management 3206 Lincoln Way4 bedroom4BR,2BA$1,000
Aspen Village2724 Stange (2 bdrm)2BR,2BA$1,080
Alpine Manor Apartments3 Bedroom, 2 Bath Remodel3BR,2BA$1,199

Best Value Apartments for Rent in Gilbert, IA and Nearby

As of July 28, 2026 the best value apartment in the Gilbert area is the $1.03 price per square foot 3515 Lincoln Way ( 4 bdrm ) Model at Walnut Ridge in the in the Eagle Ridge neighborhood starting from $2,000. The second greatest value Gilbert apartment is the 200 Stanton Ave - 3 Bed - 1 Bath - A - UF Model at Campustown starting at $584 with a $0.45 price per square foot in the Somerset neighborhood. Here is today’s list of the best values for Gilbert apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Walnut Ridge3515 Lincoln Way ( 4 bdrm )4BR,3BA$1.03
Campustown200 Stanton Ave - 3 Bed - 1 Bath - A - UF3BR,1BA$0.45
Total Property Management 125 Campus Ave.125 Campus4BR,2BA$0.81
Campus Flats3 Bed - Rent by Room3BR,3BA$0.53
Total Property Management 3206 Lincoln Way4 bedroom4BR,2.5BA$0.91
Alpine Manor Apartments3 Bedroom, 2 Bath Remodel3BR,2BA$1.17
Hyland Apartments2 Bed/2 Bath Apartment2BR,2BA$1.23
Aspen Village2724 Stange (2 bdrm)2BR,2BA$1.22
Wyndsor Terrace2 bed 1 bath2BR,1BA$1.01
The LoftsTwo Bedroom2BR,1BA$0.78

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.

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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.

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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.

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Best Local Schools in
Gilbert, IA

School data provided by Great Schools

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

Explore Gilbert, IA Rentals by Map

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See the most popular apartments and homes in Gilbert, IA

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Frequently Asked Questions about Cheap Gilbert Apartments

How much is rent for a Cheap One Bedroom Gilbert Apartment?

The lowest price for a Cheap One Bedroom Gilbert Apartment is $650 at 203 Campus.

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

Today's best deal for a Cheap Two Bedroom Apartment in Gilbert is starting from $795 at Melrose Park Apartments.

What is the most affordable Gilbert Three Bedroom Apartment?

The best deal on a cheap Gilbert Three Bedroom Apartment rental is at Campustown and starts from $489.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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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.

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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.