Cheap Apartments for Rent in Gilbert, IA from $500 (47 Rentals)

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

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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520 5th St
1 Bedroom Apartments

520 5th St

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

307 Lynn Ave

307 Lynn AveAmes, IA 50014
  • Utilities Included

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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Furman Regency Court
1 to 2 Bedroom Apartments

Furman Regency Court

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

1005 28th St

1005 28th StAmes, IA 50010
  • Utilities Included
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Spruce Pointe
1 to 2 Bedroom Apartments

Spruce Pointe

126 Beedle DrAmes, IA 50014
  • Utilities Included
property at 919 6th St

$725 - $850

1 Bedroom Rentals

Available Now

919 6th St

NevadaIA50201
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3319 Story St.
2 to 4 Bedroom Apartments

3319 Story St.

3319 Story StAmes, IA 50014

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.

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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
2 Bedroom Apartments

141 Campus

141 Campus AveAmes, IA 50014
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Delaware Woods
2 to 3 Bedroom Apartments

Delaware Woods

1121 Delaware AveAmes, IA 50014

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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246 Hyland
1 to 3 Bedroom Apartments

246 Hyland

246 N Hyland AveAmes, IA 50014

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Cardinal Terrace
1 to 2 Bedroom Apartments

Cardinal Terrace

211 Lynn AveAmes, IA 50014
Student Housing
  • Utilities Included
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Campus West
2 to 3 Bedroom Apartments

Campus West

312-320 Hillcrest AveAmes, IA 50014
  • Utilities Included
Showing Results 1-47, 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 Studio unit found at 304 Welch Ave in the Somerset neighborhood priced from $635. Campus Flats in the Eagle Ridge neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $655. Here is today’s list of the most affordable Gilbert apartments for rent:

Apartment ListingModel NameBed/BathPriced From
304 Welch AveStudioStudio,1BA$635
Campus Flats4 Bed - Rent by Room4BR,4BA$655
Grandview Square Apartments2bed 1bth2BR,1BA$765
Aspen Village2522 Aspen (1 Bedroom)1BR,1BA$820
Hyland Apartments1 Bedroom Apartment1BR,1BA$820
2706 Kent Ave2706 Kent Ave. (1 bedroom )1BR,1BA$880
Somerset Apartments1 Bed/1 Bath Apartment1BR,1BA$880
Haven ApartmentsCherry1BR,1BA$895
Beautiful Location with Lots of Trees and Greenspace2BR/1.0BA2BR,1BA$900
Northern Lights Apartments3327 Polaris ( 2 bedroom )2BR,1BA$920

Best Value Apartments for Rent in Gilbert, IA and Nearby

As of April 26, 2026 the best value apartment in the Gilbert area is the $1.02 price per square foot 3515 Lincoln Way ( 4 bdrm ) Model at Walnut Ridge in the in the Eagle Ridge neighborhood starting from $2,300. The second greatest value Gilbert apartment is the 3 Bed - Rent by Room Model at Campus Flats starting at $750 with a $0.66 price per square foot in the Eagle Ridge 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$1.02
Campus Flats3 Bed - Rent by Room3BR,3BA$0.66
Alpine Manor Apartments3 Bedroom, 2 Bath Remodel3BR,2BA$1.31
Grandview Square Apartments2bed 1bth2BR,1BA$0.77
Somerset Apartments2 Bed/1 Bath Apartment2BR,1BA$1.18
Hyland Apartments2 Bed/2 Bath Apartment2BR,2BA$1.23
Point at AmesFrisco B2BR,2BA$1.06
Beautiful Location with Lots of Trees and Greenspace2BR/1.0BA2BR,1BA$1.10
Northern Lights Apartments3327 Polaris ( 2 bedroom )2BR,1.5BA$1.22
Campustown | Student Apartments1x11BR,1BA$1.21

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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

What is the Cheapest Studio apartment in Gilbert?

Currently the most affordable Cheap Studio Apartment in Gilbert is at 304 Welch Ave listed at $635.

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

The lowest price for a Cheap One Bedroom Gilbert Apartment is $820 at Hyland Apartments.

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 $765 at Grandview Square Apartments.

What is the most affordable Gilbert Three Bedroom Apartment?

The best deal on a cheap Gilbert Three Bedroom Apartment rental is at Campus Flats and starts from $750.

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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.