
Cheap Apartments for Rent in Gilman, IL from $400 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Gilman.


Parker Glen

Windcrest Apartments

Falcon Way Townhomes

Meadowview Apartments - Mahomet
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.

Waterview Estates

Golfview Village

Westgate Apartments

Phoenix Apartments of Pontiac

Townway Place
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.

Garden Court

409 E Campbell Ave

Fowler Place Apartments

1104 Eastview Dr

1088 Eastview Dr
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.

West Liberty Point

418 N High St
Gilman, IL Local Guide

How much does it cost to rent an apartment in Gilman?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Gilman Studio Apartments | $1,206 | $650 | $1,399 |
| Gilman 1 Bedroom Apartments | $1,063 | $445 | $1,769 |
| Gilman 2 Bedroom Apartments | $1,246 | $745 | $2,345 |
| Gilman 3 Bedroom Apartments | $1,221 | $784 | $2,035 |
| Gilman 4 Bedroom Apartments | $1,215 | $635 | $1,844 |
Browse Top Apartments in Gilman
See all Apartments in GilmanExplore Gilman
Gilman, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Gilman Apartments for Rent and Nearby
 The cheapest available apartment rental in Gilman, IL is a 1 Bed unit found at Parker Glen priced from $445. Waterview Estates has the second lowest priced unit, which is a 1 Bed apartment currently listed from $730. Here is today’s list of the most affordable Gilman apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parker Glen | 1Bdrm | 1BR,1BA | $445 |
| Waterview Estates | 1x1Waterview Estates | 1BR,1BA | $730 |
| Falcon Way Townhomes | One Bedroom | 1BR,1BA | $733 |
| Phoenix Apartments of Pontiac | One Bedroom Deluxe | 1BR,1BA | $795 |
| Townway Place | 1 Beds, 1 Baths | 1BR,1BA | $795 |
Best Value Apartments for Rent in Gilman, IL and Nearby
As of May 07, 2026 the best value apartment in the Gilman area is the $1.21 price per square foot 2 Bed 2 Bath Private Entry Model at Devonshire Village in the starting from $1,450. The second greatest value Gilman apartment is the 2x2 Model at The Linc Apartments starting at $850 with a $0.88 price per square foot . Here is today’s list of the best values for Gilman apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Devonshire Village | 2 Bed 2 Bath Private Entry | 2BR,2BA | $1.21 |
| The Linc Apartments | 2x2 | 2BR,2BA | $0.88 |
| Town Center Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.14 |
| Phoenix Apartments of Pontiac | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.05 |
| University Park | Two Bedroom | 2BR,1BA | $1.17 |
| Capstone Quarters | Two Bedroom Select | 2BR,2BA | $0.80 |
| Meadowview Apartments - Mahomet | Two Bedroom One Bathroom | 2BR,1BA | $1.03 |
| 808 N Lincoln Ave. Urbana, IL | 2 Bed / 1 Bath | 2BR,1BA | $1.24 |
| Town & Country Apartments | Kensington | 1BR,1BA | $1.15 |
| Waterview Estates | 1x1Waterview Estates | 1BR,1BA | $1.09 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Gilman, IL Rentals by Map
See the most popular apartments and homes in Gilman, IL
Frequently Asked Questions about Cheap Gilman Apartments
How much is rent for a Cheap One Bedroom Gilman Apartment?
The lowest price for a Cheap One Bedroom Gilman Apartment is $445 at Parker Glen.
What is the lowest price for a Cheap Two Bedroom Gilman Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Gilman is starting from $769 at Falcon Way Townhomes.
What is the most affordable Gilman Three Bedroom Apartment?
The best deal on a cheap Gilman Three Bedroom Apartment rental is at Falcon Way Townhomes and starts from $784.
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

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.

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.

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.

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.