
Cheap Apartments for Rent in Gillespie, IL from $500 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in Gillespie.


Bilava Village

The Residences at Bella Vista

Rocwood Apartments

Emerald Ridge

Flax Meadow Townhomes

Godfrey Estates

Broadway Place

Cedar Point Apartments
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.

The Georgetown Apartments

Whispering Lake Apartments

Kingsbury Campus Apartments

The Raymond Apartments

326 E Central St

Spanish Lake Townhomes

Crossing at Northpointe Apartments

Metro Apartments At Bethalto

Metro Apartments at Wood River
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.

Surrey Court Apartments

The Reserve at Spanish Lake

ReNew at Alton

Windham Chase

Metro Apartments at Granite City

Metro Apartments At Collinsville

Paddock Village Apartments

Greenway Chase

Victorian Village
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.

Chouteau Bay Apartments

Lotts Landing Senior Apartments

111 S Central Ave

205 North St

919 Mulberry St

605 Walnut St. Apartments

Highland Villas Apartments - 55+ Senior

Lookaway Heights Apartments

420 Winona St
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.

134 Lakeside Ave

120 Lakeside Ave

316 Court St

Heatherton Estates

208 W Thomas St

726 Connor St

1602 Park St

211 W County Rd

11 W Perry St
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.

176 S Pence St

Timber Ridge

2016 Salu St
Gillespie, IL Local Guide

How much does it cost to rent an apartment in Gillespie?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Gillespie Studio Apartments | $1,237 | $775 | $1,365 |
| Gillespie 1 Bedroom Apartments | $638 | $525 | $2,240 |
| Gillespie 2 Bedroom Apartments | $992 | $625 | $2,719 |
| Gillespie 3 Bedroom Apartments | $1,721 | $859 | $3,349 |
| Gillespie 4 Bedroom Apartments | $1,384 | $714 | $3,010 |
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Gillespie, IL Local Guide
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Cheapest Available Gillespie Apartments for Rent and Nearby
 The cheapest available apartment rental in Gillespie, IL is a 1 Bed unit found at Trinity Park in the North Riverfront neighborhood priced from $525. Lotts Landing Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $560. Here is today’s list of the most affordable Gillespie apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Trinity Park | 1 bedroom, 1 bathroom | 1BR,1BA | $525 |
| Lotts Landing Senior Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $560 |
| Bilava Village | 1BD/1BA | 1BR,1BA | $675 |
| Rocwood Apartments | 1BR Units | 1BR,1BA | $700 |
| Flax Meadow Townhomes | Two Bed | 2BR,1BA | $715 |
| Broadway Place | Two Bedroom Apartment | 2BR,1BA | $752 |
| Cedar Point Apartments | Efficiency | Studio,1BA | $775 |
| The Georgetown Apartments | 1 Bed, 1 bath | 1BR,1BA | $775 |
| The Raymond Apartments | Two bedroom | 2BR,1BA | $800 |
| Kingsbury Campus Apartments | 2 Beds, 1 Bath Model | 2BR,1BA | $800 |
Best Value Apartments for Rent in Gillespie, IL and Nearby
As of June 08, 2026 the best value apartment in the Gillespie area is the $0.96 price per square foot 3 Bed Townhome with Basement Model at Paddock Village Apartments in the in the Paddock Forest neighborhood starting from $1,535. The second greatest value Gillespie apartment is the 3 Bedroom 1.5 Bath Townhome with Garage Model at River Trace Townhomes starting at $1,255 with a $0.88 price per square foot in the North Riverfront neighborhood. Here is today’s list of the best values for Gillespie apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Paddock Village Apartments | 3 Bed Townhome with Basement | 3BR,2.5BA | $0.96 |
| River Trace Townhomes | 3 Bedroom 1.5 Bath Townhome with Garage | 3BR,1.5BA | $0.88 |
| Parc at 720 | D1 | 4BR,4BA | $0.54 |
| Flax Meadow Townhomes | Two Bed | 2BR,1.5BA | $0.81 |
| Whispering Lake Apartments | 2BR 1BA GARDEN | 2BR,1BA | $0.95 |
| The Raymond Apartments | Two bedroom | 2BR,1BA | $1.00 |
| Kingsbury Campus Apartments | 2 Beds, 1 Bath Model | 2BR,1BA | $1.05 |
| Broadway Place | Two Bedroom Apartment | 2BR,1BA | $1.03 |
| Trinity Park | 1 bedroom, 1 bathroom | 1BR,1BA | $1.09 |
| Lotts Landing Senior Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.87 |
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 ArticleReal 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 ArticleQuick 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.
Best Local Schools in Gillespie, IL
Benld Elementary School
Gillespie High School
Gillespie Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Gillespie, IL Rentals by Map
See the most popular apartments and homes in Gillespie, IL
Frequently Asked Questions about Cheap Gillespie Apartments
What is the Cheapest Studio apartment in Gillespie?
Currently the most affordable Cheap Studio Apartment in Gillespie is at Cedar Point Apartments listed at $775.
How much is rent for a Cheap One Bedroom Gillespie Apartment?
The lowest price for a Cheap One Bedroom Gillespie Apartment is $525 at Trinity Park.
What is the lowest price for a Cheap Two Bedroom Gillespie Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Gillespie is starting from $625 at Trinity Park.
What is the most affordable Gillespie Three Bedroom Apartment?
The best deal on a cheap Gillespie Three Bedroom Apartment rental is at Broadway Place and starts from $859.
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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.