The 21-year-old's previous deal was due to expire at the end of the season.
However, the defender has now committed his future to the League One outfit until the summer of 2016.
"I've been at Gills since I was seven so I'm happy. I'm really enjoying my football, I'm pleased to have sorted it out and I can now concentrate on my game," he told the club's official website.
Davies made his senior debut back in 2010.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Port Vale | 17 | 10 | 4 | 3 | 25 | 17 | 8 | 34 |
| 2 | Walsall | 16 | 9 | 4 | 3 | 30 | 17 | 13 | 31 |
| 3 | Crewe AlexandraCrewe | 16 | 8 | 5 | 3 | 20 | 14 | 6 | 29 |
| 4 | Doncaster RoversDoncaster | 17 | 8 | 5 | 4 | 22 | 18 | 4 | 29 |
| 5 | Notts County | 17 | 7 | 7 | 3 | 23 | 15 | 8 | 28 |
| 6 | MK Dons | 16 | 8 | 3 | 5 | 27 | 19 | 8 | 27 |
| 7 | AFC Wimbledon | 16 | 8 | 2 | 6 | 25 | 14 | 11 | 26 |
| 8 | Chesterfield | 17 | 6 | 7 | 4 | 30 | 20 | 10 | 25 |
| 9 | Grimsby Town | 17 | 8 | 1 | 8 | 19 | 26 | -7 | 25 |
| 10 | Bradford CityBradford | 16 | 6 | 5 | 5 | 21 | 17 | 4 | 23 |
| 11 | Gillingham | 16 | 7 | 2 | 7 | 17 | 14 | 3 | 23 |
| 12 | BarrowBarrow | 17 | 6 | 4 | 7 | 17 | 16 | 1 | 22 |
| 13 | Fleetwood TownFleetwood | 14 | 5 | 6 | 3 | 20 | 15 | 5 | 21 |
| 14 | Cheltenham TownCheltenham | 17 | 6 | 3 | 8 | 22 | 25 | -3 | 21 |
| 15 | Salford City | 16 | 5 | 6 | 5 | 15 | 18 | -3 | 21 |
| 16 | Newport CountyNewport | 17 | 6 | 3 | 8 | 19 | 26 | -7 | 21 |
| 17 | Harrogate TownHarrogate | 17 | 6 | 3 | 8 | 16 | 23 | -7 | 21 |
| 18 | Accrington StanleyAccrington | 16 | 4 | 6 | 6 | 22 | 26 | -4 | 18 |
| 19 | Bromley | 16 | 3 | 8 | 5 | 19 | 21 | -2 | 17 |
| 20 | Colchester UnitedColchester | 16 | 3 | 8 | 5 | 19 | 22 | -3 | 17 |
| 21 | Tranmere RoversTranmere | 16 | 4 | 5 | 7 | 10 | 20 | -10 | 17 |
| 22 | Swindon TownSwindon | 17 | 2 | 7 | 8 | 20 | 28 | -8 | 13 |
| 23 | Morecambe | 17 | 3 | 4 | 10 | 17 | 29 | -12 | 13 |
| 24 | Carlisle UnitedCarlisle | 17 | 3 | 4 | 10 | 14 | 29 | -15 | 13 |
| > League Two Full Table | |||||||||
