Cheap Apartments for Rent in Sherman, IL from $500 (36 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Butler Place
2 Bedroom Apartments

Butler Place

3100 Butler StSpringfield, IL 62703
  • Utilities Included
close
View Me
Pine Woods Apartments
1 to 3 Bedroom Apartments

Pine Woods Apartments

1665 Seven Pines RdSpringfield, IL 62704
  • Utilities Included
Showing Results 1-36, Page 1 of 1

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 Hickcox Collection in the Downtown Springfield neighborhood priced from $640. 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 Hickcox CollectionThe HickoxStudio,1BA$640
Safe Harbor PropertiesStudioStudio,1BA$675
Denison PlaceOne Bedroom1BR,1BA$675
Morton Street Apartments1 bed one bath1BR,1BA$690
Butler Place2 Beds, 1 Baths2BR,1BA$695
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 ApartmentsSpacious & Stylish Living at Whispering Pines –...1BR,1BA$825

Best Value Apartments for Rent in Sherman, IL and Nearby

As of April 16, 2025 the best value apartment in the Sherman area is the $0.92 price per square foot 2 Bedroom 2 Bath Model at Prairie Vista in the starting from $1,200. The second greatest value Sherman apartment is the Three Bedroom, Two Bath (I) Model at Brainard Landings Apartments starting at $900 with a $0.75 price per square foot . 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.
Prairie Vista2 Bedroom 2 Bath2BR,2BA$0.92
Brainard Landings ApartmentsThree Bedroom, Two Bath (I)3BR,2BA$0.75
Ravenwood TownhomesTownhome2BR,1.5BA$0.88
Meadow View Landing2 Bedroom/1 Bath2BR,1BA$1.05
New Eastlawn ApartmentsTwo Bedroom2BR,1BA$0.97
Denison PlaceOne Bedroom1BR,1BA$0.84
CandlesA11BR,1BA$1.11
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.06
Butler Place2 Beds, 1 Baths2BR,1BA$0.87
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Sherman, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Sherman, IL

View MapSherman, IL Apartments MapView MapSherman, IL Rental Homes Map

Getting Around Sherman, IL

Walk Score®

36 / 100

Car-Dependent

Most errands require a car

Bike Score®

41 / 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 Sherman Apartments

What is the Cheapest Studio apartment in Sherman?

Currently the most affordable Cheap Studio Apartment in Sherman is at The Hickcox Collection listed at $640.

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 $695 at Butler Place.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords & Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords & Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.