
Cheap Homes for Rent in Wilmington, IL from $700 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Wilmington.


825 W Jefferson St

636 Meadowood Ln
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.

465-479 N School St

318 Liberty St

144 1st
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.

125 Twin Oaks Dr
Wilmington, IL Local Guide

How much does it cost to rent a home in Wilmington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wilmington 2 Bedroom Homes for Rent | $2,028 | $1,195 | $3,200 |
| Wilmington 3 Bedroom Homes for Rent | $2,323 | $1,700 | $3,000 |
| Wilmington 4 Bedroom Homes for Rent | $2,910 | $2,300 | $4,000 |
| Wilmington 5 Bedroom Homes for Rent | $2,975 | $2,975 | $2,975 |
Browse Top Homes for Rent in Wilmington
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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. 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 $1,208. 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 | $1,208 |
| Tudor Park Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1,209 |
Best Value Apartments for Rent in Wilmington, IL and Nearby
As of December 14, 2025 the best value apartment in the Wilmington area is the $2.02 price per square foot Willowood Model at Redwood Lockport in the in the Maple Hill neighborhood starting from $2,788. The second greatest value Wilmington apartment is the 2BR/1.5BA Model at Parkview Estates starting at $1,995 with a $1.66 price per square foot in the Draper Avenue 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 | $2.02 |
| Parkview Estates | 2BR/1.5BA | 2BR,1.5BA | $1.66 |
| Stone Falls | Two Bedroom, Luxury Package | 2BR,1BA | $1.38 |
| Ravine Woods Apartments | 2 Bedroom - North | 2BR,1BA | $1.58 |
| Timber Pointe Apartments | Cypress | 1BR,1BA | $2.27 |
| Highland Ridge | B-1x1 | 1BR,1BA | $2.24 |
| Tudor Park Apartments | Three Bedroom One Bathroom | 3BR,1BA | $1.64 |
| Arbors at Hickory Creek | Aspen | 1BR,1BA | $2.03 |
| Willow Run of Crest Hill | 1 bedroom | 1BR,1BA | $2.27 |
| The Woodlands of Crest Hill | Cypress | 1BR,1BA | $2.02 |
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.
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
Frequently Asked Questions about Wilmington
What type of rentals are currently available in Wilmington?
There are currently 55 Apartments for Rent in Wilmington, IL with pricing that ranges from $895 to $4,315. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wilmington ranging from $750 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 $750 to $4,000 with an average monthly rent of $2,032.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.