Cheap Apartments for Rent in Gilman, IL from $400 (29 Rentals)

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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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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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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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West Liberty Point
1 Bedroom Apartments

West Liberty Point

1320 Mccullough StRantoul, IL 61866
  • Utilities Included
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1304 E North St
1 to 2 Bedroom Apartments

1304 E North St

1304 E North StBradley, IL 60915
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101 E Bannon St
1 to 2 Bedroom Apartments

101 E Bannon St

101 E Bannon StDwight, IL 60420

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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Showing Results 1-29, Page 1 of 1

Gilman, IL Local Guide

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 $499. 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 ListingModel NameBed/BathPriced From
Parker Glen1Bdrm1BR,1BA$499
Waterview Estates1x1Waterview Estates1BR,1BA$730
Phoenix Apartments of PontiacOne Bedroom Deluxe1BR,1BA$795
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$800
Falcon Way TownhomesThree Bedroom Townhome3BR,1BA$802
Meadowview Apartments - MahometTwo Bedroom One Bathroom2BR,1BA$845
University ParkOne Bedroom1BR,1BA$850
South Pointe CommonsSouth Pointe 3bd/1.5ba Townhouse3BR,1BA$921
Town & Country ApartmentsKensington1BR,1BA$921
Pontiac Towers1 Bedroom1BR,1BA$990

Best Value Apartments for Rent in Gilman, IL and Nearby

As of June 22, 2026 the best value apartment in the Gilman area is the $0.65 price per square foot D1 Model at Campus Circle Urbana in the in the Downtown Champaign neighborhood starting from $919. The second greatest value Gilman apartment is the 3x3 Model at The Linc Apartments starting at $785 with a $0.69 price per square foot . Here is today’s list of the best values for Gilman apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Campus Circle UrbanaD14BR,4BA$0.65
The Linc Apartments3x33BR,3BA$0.69
Devonshire Village2 Bed 2 Bath Sm Apt2BR,2BA$1.09
Falcon Way TownhomesThree Bedroom Townhome3BR,1BA$0.73
South Pointe CommonsSouth Pointe 3bd/1.5ba Townhouse3BR,1.5BA$0.88
Townway Place2 Beds, 1 Baths2BR,1BA$1.03
Phoenix Apartments of Pontiac2 Bedroom 1 Bathroom2BR,1BA$1.05
Capstone QuartersTwo Bedroom Select2BR,2BA$0.80
Meadowview Apartments - MahometTwo Bedroom One Bathroom2BR,1BA$1.03
Waterview Estates1x1Waterview Estates1BR,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.

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

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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 $499 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 $830 at Waterview Estates.

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 $802.

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 Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

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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.

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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.