Cheap Apartments for Rent in Wilmington, IL from $500 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in Wilmington.

Winchester Manor

Pine Meadows Apartments

Larkin Village
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.

Ravine Woods Apartments

Mallard Point Apartments

The Woodlands of Crest Hill

Tudor Park Apartments

Bays Tower Apartments
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.

555 S Schuyler Ave
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.

318 Liberty St
Wilmington, IL Local Guide

How much does it cost to rent an apartment in Wilmington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wilmington Studio Apartments | $1,688 | $850 | $2,545 |
| Wilmington 1 Bedroom Apartments | $1,860 | $949 | $3,044 |
| Wilmington 2 Bedroom Apartments | $2,308 | $1,075 | $3,715 |
| Wilmington 3 Bedroom Apartments | $2,837 | $1,309 | $4,540 |
Browse Top Apartments in Wilmington
See all Apartments in WilmingtonExplore Wilmington
Wilmington, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stone Falls | One Bedroom, Base Package | 1BR,1BA | $949 |
| The Woodlands of Crest Hill | Cypress | 1BR,1BA | $1,203 |
| Tudor Park Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1,209 |
| Bays Tower Apartments | Studio | 1BR,1BA | $1,250 |
| Willow Run of Crest Hill | 1 bedroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Orland Ridge Towns and Villas | Three Bedroom Townhouse DTH | 3BR,2.5BA | $2.29 |
| Redwood Lockport | Haydenwood | 2BR,2BA | $1.98 |
| Village Place Apartments | Sycamore | 2BR,2BA | $2.15 |
| Stone Falls | Two Bedroom, Luxury Package | 2BR,1BA | $1.38 |
| Highland Ridge | A-1x1 | 1BR,1BA | $2.04 |
| Timber Pointe Apartments | Elm | 1BR,1BA | $2.30 |
| Tudor Park Apartments | Three Bedroom One Bathroom | 3BR,1BA | $1.64 |
| Arbors at Hickory Creek | Aspen | 1BR,1BA | $2.01 |
| Willow Run of Crest Hill | 1 bedroom | 1BR,1BA | $2.27 |
| The Woodlands of Crest Hill | Cypress | 1BR,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.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Best Local Schools in Wilmington, IL
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Wilmington, IL Rentals by Map
See the most popular apartments and homes in Wilmington, IL
Getting Around Wilmington, IL
Walk Score®
25 / 100
Car-Dependent
Most errands require a car
Bike Score®
36 / 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 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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.








