Cheap Apartments for Rent near Gilman, IL from $400 (31 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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101 E Bannon St
1 to 2 Bedroom Apartments

101 E Bannon St

101 E Bannon StDwight, IL 60420
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West Harbor Place
2 to 3 Bedroom Apartments

West Harbor Place

703 W Harbor StKankakee, IL 60901
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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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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 $445. West Liberty Point 1BR has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Gilman apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parker Glen1Bdrm1BR,1BA$445
West Liberty Point 1BRWest Liberty Point 1BR - West...1BR,1BA$725
Phoenix Apartments of PontiacOne Bedroom Deluxe1BR,1BA$795
Townway Place1 Beds, 1 Baths1BR,1BA$800
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$800
Town Center Apartments3 Bedroom 2 Bath3BR,2BA$830
Town & Country ApartmentsKensington1BR,1BA$899
Pontiac Towers1 Bedroom1BR,1BA$990
Eastland ApartmentsStudio ApartmentStudio,1BA$995
Devonshire Village2 Bed 2 Bath Sm Apt2BR,2BA$1,206

Best Value Apartments for Rent in Gilman, IL and Nearby

As of August 06, 2026 the best value apartment in the Gilman area is the $0.70 price per square foot 3 Bedroom 2 Bath Model at Town Center Apartments in the starting from $830. The second greatest value Gilman apartment is the Atlantic-Level 2 Model at Watersedge starting at $1,505 with a $1.30 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.
Town Center Apartments3 Bedroom 2 Bath3BR,2BA$0.70
WatersedgeAtlantic-Level 22BR,2BA$1.30
Devonshire Village2 Bed 2 Bath Sm Apt2BR,2BA$1.09
Prairieview Rd 307 North2BR/1.0BA2BR,1BA$1.26
Phoenix Apartments of Pontiac2 Bedroom 1 Bathroom2BR,1BA$1.05
Capstone QuartersTwo Bedroom Select2BR,2BA$0.80
Parker Glen1Bdrm1BR,1BA$0.60
Townway Place1 Beds, 1 Baths1BR,1BA$1.33
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$1.48
The AtriumSingle (shared common area)1BR,1BA$1.33

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!

Explore Gilman, IL Rentals by Map

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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 $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 $895 at Phoenix Apartments of Pontiac.

What is the most affordable Gilman Three Bedroom Apartment?

The best deal on a cheap Gilman Three Bedroom Apartment rental is at Parker Glen and starts from $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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.