
Cheap Homes for Rent in Gillespie, IL from $600 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Gillespie.


205 North St

919 Mulberry St

420 Winona St

134 Lakeside Ave

316 Court St

120 Lakeside Ave
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.

208 W Thomas St

726 Connor St

211 W County Rd

1602 Park St

11 W Perry St

176 S Pence St

2016 Salu St
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.
Gillespie, IL Local Guide

How much does it cost to rent a home in Gillespie?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Gillespie 2 Bedroom Homes for Rent | $1,195 | $750 | $1,925 |
| Gillespie 3 Bedroom Homes for Rent | $1,783 | $1,100 | $3,000 |
| Gillespie 4 Bedroom Homes for Rent | $1,172 | $1,150 | $1,195 |
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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 |
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 Gillespie
What type of rentals are currently available in Gillespie?
There are currently 52 Apartments for Rent in Gillespie, IL with pricing that ranges from $525 to $3,349. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Gillespie ranging from $650 to $3,000.
What is the current price range for Rental Homes in Gillespie?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Gillespie ranges from $650 to $3,000 with an average monthly rent of $1,265.
How much are larger Three and Four Bedroom Rentals in Gillespie?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Gillespie range from $859 to $3,349, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $714.
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.