103 S Joliet St, Unit 1
103 S Joliet St
WilmingtonIL60481
Cheap Homes for Rent in Wilmington, IL from $1,200 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Wilmington.
115 N Hickory St
JolietIL60435
25709 W Bridge St
ChannahonIL60410
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$1,4002 Bedroom Apartments Available Now
1504 Widows Rd, Unit 2 west
1504 Widows RdWilmington, IL 60481
602 Meadowood Ln
WilmingtonIL60481
25731 W Bridge St
ChannahonIL60410
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.
144 1st
WilmingtonIL60481
138 S 1st St
WilmingtonIL60481
204 E Washington St
JolietIL60433
318 Liberty St
MorrisIL60450
1353 Lakeview Ave
RockdaleIL60436
121 Davis Ave
RockdaleIL60436
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.
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Wilmington, IL Local Guide
Midewin National Tallgrass Prairie by Alanscottwalker is licensed under CC BY-SA 3.0
How much does it cost to rent a home in Wilmington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wilmington 2 Bedroom Homes for Rent | $1,997 | $1,225 | $3,200 |
| Wilmington 3 Bedroom Homes for Rent | $2,421 | $1,575 | $3,500 |
| Wilmington 4 Bedroom Homes for Rent | $3,405 | $2,650 | $4,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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. 811 Covey Ln has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. 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 |
| 811 Covey Ln | 1x1 | 1BR,1BA | $1,200 |
| Tudor Park Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1,209 |
| Bays Tower Apartments | Studio | 1BR,1BA | $1,250 |
| The Woodlands of Crest Hill | Studio 2 | Studio,1BA | $1,289 |
Best Value Apartments for Rent in Wilmington, IL and Nearby
As of June 23, 2026 the best value apartment in the Wilmington area is the $2.21 price per square foot Willowood Model at Redwood Lockport in the in the Maple Hill neighborhood starting from $3,049. The second greatest value Wilmington apartment is the Two Bedroom, Luxury Package Model at Stone Falls starting at $1,259 with a $1.38 price per square foot in the Sunset Point 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. |
|---|---|---|---|
| Redwood Lockport | Willowood | 2BR,2BA | $2.21 |
| Stone Falls | Two Bedroom, Luxury Package | 2BR,1BA | $1.38 |
| Seasons at Plainfield | 1D | 1BR,1BA | $2.21 |
| 811 Covey Ln | 1x1 | 1BR,1BA | $1.33 |
| Pheasant Run Apartments | sc2s | 2BR,1BA | $1.49 |
| Sixteen30 | A1 | 1BR,1BA | $2.30 |
| Tudor Park Apartments | Three Bedroom One Bathroom | 3BR,1BA | $1.64 |
| The Port | 1E | 1BR,1BA | $2.31 |
| Willow Run of Crest Hill | 1 bedroom | 1BR,1BA | $2.27 |
| 605 Bremer St, Unit D | 605 Bremer St | 1BR,1BA | $1.59 |
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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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.
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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
Frequently Asked Questions about Wilmington
What type of rentals are currently available in Wilmington?
There are currently 59 Apartments for Rent in Wilmington, IL with pricing that ranges from $895 to $4,863. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wilmington ranging from $1,225 to $4,000.
What is the current price range for Rental Homes in Wilmington?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Wilmington ranges from $1,225 to $4,000 with an average monthly rent of $2,342.
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
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.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.