Cheap Apartments for Rent in Sherman, IL from $500 (27 Rentals)

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

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.

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.

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.

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.

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Pine Woods Apartments
1 to 3 Bedroom Apartments

Pine Woods Apartments

1665 Seven Pines RdSpringfield, IL 62704
  • Utilities Included
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Butler Place
2 Bedroom Apartments

Butler Place

3100 Butler StSpringfield, IL 62703
  • Utilities Included

Sherman, IL Local Guide

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 ListingModel NameBed/BathPriced From
The Hickox CollectionThe HickoxStudio,1BA$628
Safe Harbor PropertiesStudioStudio,1BA$675
Denison PlaceOne Bedroom1BR,1BA$675
Morton Street Apartments1 bed one bath1BR,1BA$690
Cobblestone ApartmentsCobblestone 1BD1BR,1BA$750
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$799
New Eastlawn ApartmentsTwo Bedroom2BR,1BA$800
106 S 4th St2 bedroom2BR,1BA$800
Whispering Pines Apartments1 Bed, 1 Bath1BR,1BA$825
2474 N Florian1st Floor2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Cobblestone PlaceCP Townhome 3BR3BR,2.5BA$1.17
Chatterton Place ApartmentsLOFTStudio ,1BA$1.19
Ravenwood TownhomesTownhome2BR,1.5BA$0.88
2474 N Florian1st Floor2BR,1.5BA$0.94
3TENB12BR,1BA$1.02
New Eastlawn ApartmentsTwo Bedroom2BR,1BA$0.97
Denison PlaceOne Bedroom1BR,1BA$0.84
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.06
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07
Safe Harbor PropertiesStudioStudio ,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

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Getting Around Sherman, IL

Walk Score®

36 / 100

Car-Dependent

Most errands require a car

Bike Score®

41 / 100

Somewhat Bikeable

Minimal bike infrastructure

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.

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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.

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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.

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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.

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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.