
Cheap Homes for Rent in Mt Hope Neighborhood of Alsip, IL from $1,100 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Mt Hope area of Alsip.


2346 W 111th St, Unit 1

2053 135th Pl

12151 S Western Ave

2033 W 111th St
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.

13058 S Wood St, Unit 3-East

2027 W 111th St, Unit 2N

12535 Ada St

11800 S Karlov Ave

1309 W 110th Pl
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.

1479 W 114th Pl
Mt Hope, Alsip, IL Local Guide

How much does it cost to rent a home in Mt Hope?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mt Hope 2 Bedroom Homes for Rent | $1,943 | $1,300 | $2,700 |
| Mt Hope 3 Bedroom Homes for Rent | $2,656 | $1,600 | $3,900 |
| Mt Hope 4 Bedroom Homes for Rent | $2,297 | $2,000 | $2,595 |
| Mt Hope 7 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Mt Hope Neighborhood of Alsip, IL.
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Mt Hope, Alsip, IL Local Guide
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Cheapest Available Mt Hope Apartments for Rent
 The cheapest available apartment rental in the Mt Hope area of Chicago, IL is a 2 Beds unit found at Meadow View Apartments priced from $1,073. 12507 S Ashland Ave has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,245. Here are the most affordable Mt Hope apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Meadow View Apartments | 2 Bedroom small | 2BR,1BA | $1,073 |
| 12507 S Ashland Ave | 2 Bedroom 1 Bath Garden | 2BR,1BA | $1,245 |
| Heritage Senior Apartments - 55 and over | 1x1 | 1BR,1BA | $1,245 |
| 10360 S Walden Parkway | 2BR/1.0BA | 2BR,1BA | $2,550 |
Best Value Apartments for Rent in Mt Hope, IL
As of April 15, 2026 the best value apartment in the Mt Hope area is the $1.76 price per square foot 1627 W 106th St Model at 1627 W 106th St, Unit Beverly Unit 2 in the in the Beverly neighborhood starting from $3,000. The second greatest value Mt Hope apartment is the 12954 Maple Ave Model at 12954 Maple Ave, Unit 2 starting at $1,350 with a $0.96 price per square foot in the South Chicago neighborhood. Here is today’s list of the best values for Mt Hope apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1627 W 106th St, Unit Beverly Unit 2 | 1627 W 106th St | 3BR,1BA | $1.76 |
| 12954 Maple Ave, Unit 2 | 12954 Maple Ave | 3BR,1BA | $0.96 |
| 10360 S Walden Parkway | 2BR/1.0BA | 2BR,1BA | $2.32 |
| 1404 W 119th St, Unit 3 | 1404 W 119th St | 3BR,1BA | $1.70 |
| Heritage Senior Apartments - 55 and over | 1x1 | 1BR,1BA | $1.66 |
| 12507 S Ashland Ave | 2 Bedroom 1 Bath Garden | 2BR,1BA | $2.04 |
| Meadow View Apartments | 2 Bedroom small | 2BR,1BA | $2.00 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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.
Pet Friendly LifestyleMt Hope, Alsip, IL
Ranked #3
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Mt Hope, Alsip, IL
Dd Eisenhower High School (Campus)
Veterans Memorial Middle School
School data provided by Great Schools
Frequently Asked Questions about Mt Hope
What type of rentals are currently available in Mt Hope?
There are currently 254 Apartments for Rent in Mt Hope, IL with pricing that ranges from $800 to $3,295. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mt Hope ranging from $1,100 to $4,500.
What is the current price range for Rental Homes in Mt Hope?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Mt Hope ranges from $1,100 to $4,500 with an average monthly rent of $2,547.
How much are larger Three and Four Bedroom Rentals in Mt Hope?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Mt Hope range from $1,350 to $3,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $3,900. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $3,295.
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.
Helpful Local Expert Guides

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

Best Neighborhoods to Rent in Near Chicago's Top Employers
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Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.