Cheap Homes for Rent in Wilmington, IL from $1,200 (13 Rentals)

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property at 405 E Reed St

405 E Reed St

BraidwoodIL60408

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. Tudor Park Apartments in the Downtown neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,209. 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
Tudor Park ApartmentsTwo Bedroom One Bathroom2BR,1BA$1,209
The Woodlands of Crest HillWhite OakStudio,1BA$1,263
Willow Run of Crest Hill1 bedroom1BR,1BA$1,269
The Birches1xxl1BR,1BA$1,310

Best Value Apartments for Rent in Wilmington, IL and Nearby

As of March 25, 2025 the best value apartment in the Wilmington area is the $2.14 price per square foot Three Bedroom Townhouse DTH Model at Orland Ridge Towns and Villas in the in the Meadow Park neighborhood starting from $3,350. The second greatest value Wilmington apartment is the Willowood Model at Redwood Lockport starting at $2,749 with a $1.99 price per square foot in the Cedar Ridge 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$2.14
Redwood LockportWillowood2BR,2BA$1.99
The Bluffs2E2BR,2BA$2.24
Lincoln Station RowhomesC12BR,2BA$2.27
Village Place ApartmentsSycamore2BR,2BA$2.19
Stone FallsTwo Bedroom, Luxury Package2BR,1BA$1.38
Twin Oaks West Apartments1 Bedroom 1 Bath1BR,1BA$1.66
Tudor Park ApartmentsThree Bedroom One Bathroom3BR,1BA$1.64
The Birches1xxl1BR,1BA$1.96
Willow Run of Crest Hill1 bedroom1BR,1BA$2.12

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Frequently Asked Questions about Wilmington

What type of rentals are currently available in Wilmington?

There are currently 47 Apartments for Rent in Wilmington, IL with pricing that ranges from $444 to $5,930. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wilmington ranging from $1,200 to $5,000.

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 $1,200 to $5,000 with an average monthly rent of $2,191.

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.

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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.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.