
Cheap Apartments for Rent in Sherman, IL from $500 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in Sherman.


Watch Street

Hunter Glen Apartments

The Hickox Collection
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.

Safe Harbor Properties

Morton Street Apartments

Cobblestone Apartments

Brainard Landings Apartments

West Mound Apartments

Lincoln Tower Apartments

New Eastlawn Apartments
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.

CARDINAL RIDGE

Whispering Pines Apartments

Meadow View Place

Lake Pointe Apartments

Koke Mill Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

2474 N Florian

Ravenwood Townhomes

Smart Choice Park

3101 Twin Lakes Dr
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

109 S Walnut St
Sherman, IL Local Guide

How much does it cost to rent an apartment in Sherman?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Sherman Studio Apartments | $705 | $625 | $816 |
Sherman 1 Bedroom Apartments | $884 | $550 | $1,595 |
Sherman 2 Bedroom Apartments | $1,107 | $625 | $1,825 |
Sherman 3 Bedroom Apartments | $1,489 | $900 | $2,060 |
Browse Top Apartments in Sherman
See all Apartments in ShermanExplore Sherman
Sherman, IL Local Guide
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Cheapest Available Sherman Apartments for Rent and Nearby
 The cheapest available apartment rental in Sherman, IL is a Studio unit found at The Hickox Collection in the Downtown Springfield neighborhood priced from $628. Safe Harbor Properties in the Downtown Springfield neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here is today’s list of the most affordable Sherman apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Hickox Collection | The Hickox | Studio,1BA | $628 |
Safe Harbor Properties | Studio | Studio,1BA | $675 |
Denison Place | One Bedroom | 1BR,1BA | $675 |
Morton Street Apartments | 1 bed one bath | 1BR,1BA | $690 |
Cobblestone Apartments | Cobblestone 1BD | 1BR,1BA | $750 |
Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $799 |
New Eastlawn Apartments | Two Bedroom | 2BR,1BA | $800 |
106 S 4th St | 2 bedroom | 2BR,1BA | $800 |
Whispering Pines Apartments | 1 Bed, 1 Bath | 1BR,1BA | $825 |
2474 N Florian | 1st Floor | 2BR,1BA | $850 |
Best Value Apartments for Rent in Sherman, IL and Nearby
As of July 21, 2025 the best value apartment in the Sherman area is the $1.17 price per square foot CP Townhome 3BR Model at Cobblestone Place in the starting from $1,975. The second greatest value Sherman apartment is the LOFT Model at Chatterton Place Apartments starting at $1,250 with a $1.19 price per square foot in the Downtown Springfield neighborhood. Here is today’s list of the best values for Sherman apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Cobblestone Place | CP Townhome 3BR | 3BR,2.5BA | $1.17 |
Chatterton Place Apartments | LOFT | Studio ,1BA | $1.19 |
Ravenwood Townhomes | Townhome | 2BR,1.5BA | $0.88 |
2474 N Florian | 1st Floor | 2BR,1.5BA | $0.94 |
3TEN | B1 | 2BR,1BA | $1.02 |
New Eastlawn Apartments | Two Bedroom | 2BR,1BA | $0.97 |
Denison Place | One Bedroom | 1BR,1BA | $0.84 |
Cobblestone Apartments | Cobblestone 2BD | 2BR,1BA | $1.06 |
Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.07 |
Safe Harbor Properties | Studio | Studio ,1BA | $1.08 |
Quick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Sherman, IL Rentals by Map
See the most popular apartments and homes in Sherman, IL
Getting Around Sherman, IL
Walk Score®
36 / 100
Car-Dependent
Most errands require a car
Bike Score®
41 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Sherman Apartments
What is the Cheapest Studio apartment in Sherman?
Currently the most affordable Cheap Studio Apartment in Sherman is at The Hickox Collection listed at $628.
How much is rent for a Cheap One Bedroom Sherman Apartment?
The lowest price for a Cheap One Bedroom Sherman Apartment is $675 at Denison Place.
What is the lowest price for a Cheap Two Bedroom Sherman Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Sherman is starting from $775 at Morton Street Apartments.
What is the most affordable Sherman Three Bedroom Apartment?
The best deal on a cheap Sherman Three Bedroom Apartment rental is at Brainard Landings Apartments and starts from $900.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.