Cheap Apartments for Rent in Wilmington, IL from $500 (19 Rentals)

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

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.

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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Pine Ridge
1 to 2 Bedroom Apartments

Pine Ridge

1112 Parkwood DrJoliet, IL 60432
  • Utilities Included
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West Harbor Place
2 to 3 Bedroom Apartments

West Harbor Place

703 W Harbor StKankakee, IL 60901

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.

Wilmington, IL Local Guide

Cheapest Available Wilmington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Wilmington, IL is a 1 Bed unit found at Stone Falls in the Sunset Point neighborhood priced from $949. The Woodlands of Crest Hill in the Rockdale Junction neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,203. Here is today’s list of the most affordable Wilmington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Stone FallsOne Bedroom, Base Package1BR,1BA$949
The Woodlands of Crest HillCypress1BR,1BA$1,203
Tudor Park ApartmentsTwo Bedroom One Bathroom2BR,1BA$1,209
Bays Tower ApartmentsStudio1BR,1BA$1,250
Willow Run of Crest Hill1 bedroom1BR,1BA$1,359

Best Value Apartments for Rent in Wilmington, IL and Nearby

As of October 23, 2025 the best value apartment in the Wilmington area is the $2.29 price per square foot Three Bedroom Townhouse DTH Model at Orland Ridge Towns and Villas in the in the Meadow Park neighborhood starting from $3,580. The second greatest value Wilmington apartment is the Haydenwood Model at Redwood Lockport starting at $2,656 with a $1.98 price per square foot in the Maple Hill neighborhood. Here is today’s list of the best values for Wilmington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Orland Ridge Towns and VillasThree Bedroom Townhouse DTH3BR,2.5BA$2.29
Redwood LockportHaydenwood2BR,2BA$1.98
Village Place ApartmentsSycamore2BR,2BA$2.15
Stone FallsTwo Bedroom, Luxury Package2BR,1BA$1.38
Highland RidgeA-1x11BR,1BA$2.04
Timber Pointe ApartmentsElm1BR,1BA$2.30
Tudor Park ApartmentsThree Bedroom One Bathroom3BR,1BA$1.64
Arbors at Hickory CreekAspen1BR,1BA$2.01
Willow Run of Crest Hill1 bedroom1BR,1BA$2.27
The Woodlands of Crest HillCypress1BR,1BA$2.01

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

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Getting Around Wilmington, IL

Walk Score®

25 / 100

Car-Dependent

Most errands require a car

Bike Score®

36 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Wilmington Apartments

What is the Cheapest Studio apartment in Wilmington?

Currently the most affordable Cheap Studio Apartment in Wilmington is at Sixteen30 listed at $1,567.

How much is rent for a Cheap One Bedroom Wilmington Apartment?

The lowest price for a Cheap One Bedroom Wilmington Apartment is $949 at Stone Falls.

What is the lowest price for a Cheap Two Bedroom Wilmington Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Wilmington is starting from $1,209 at Tudor Park Apartments.

What is the most affordable Wilmington Three Bedroom Apartment?

The best deal on a cheap Wilmington Three Bedroom Apartment rental is at Tudor Park Apartments and starts from $1,309.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.