Cheap Homes for Rent in Bishop Hill, IL from $600 (11 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Bishop Hill.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Bishop Hill, IL Local Guide

Cheapest Available Bishop Hill Apartments for Rent and Nearby

 

The cheapest available apartment rental in Bishop Hill, IL is a 2 Beds unit found at Mayfair Manor priced from $525. Shire and Rivendell Apartments in the Villa Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Bishop Hill apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mayfair Manor2x12BR,1BA$525
Shire and Rivendell Apartments1BR/1BA1BR,1BA$650
443 2nd Ave D1 BR/ 1 BA1BR,1BA$700
Pine Ridges-mulberStudio,1BA$700
Beverly Manor Apartments1 Bedroom1BR,1BA$700

Best Value Apartments for Rent in Bishop Hill, IL and Nearby

As of May 25, 2025 the best value apartment in the Bishop Hill area is the $1.03 price per square foot 2 Bedrooms, 2 Bathrooms Model at Haven at Parkway in the in the Rock Riverfront neighborhood starting from $1,275. The second greatest value Bishop Hill apartment is the 3 Bedroom 2 Bath Model at PARKWAY ESTATES starting at $880 with a $0.81 price per square foot . Here is today’s list of the best values for Bishop Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Haven at Parkway2 Bedrooms, 2 Bathrooms2BR,2BA$1.03
PARKWAY ESTATES3 Bedroom 2 Bath3BR,2BA$0.81
Pius Lane Apartments2 bed2BR,1BA$0.91
2323-3030 31st AveTwo Bed/One Bath2BR,1BA$1.00
Timber Ridge Apartments2BR/1.0BA2BR,1BA$1.16
Beverly Manor Apartments2 Bedroom2BR,1BA$1.19
Cotton Mill Apartments1 Bed, 1 bath1BR,1BA$1.00
1215 24th Street Place - River Oaks Apartments1BR/1.0BA1BR,1BA$1.11
443 2nd Ave D1 BR/ 1 BA1BR,1BA$1.08
Shire and Rivendell Apartments1BR/1BA1BR,1BA$1.08

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

Frequently Asked Questions about Bishop Hill

What type of rentals are currently available in Bishop Hill?

There are currently 39 Apartments for Rent in Bishop Hill, IL with pricing that ranges from $525 to $3,900. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bishop Hill ranging from $650 to $2,800.

What is the current price range for Rental Homes in Bishop Hill?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Bishop Hill ranges from $650 to $2,800 with an average monthly rent of $1,637.

How much are larger Three and Four Bedroom Rentals in Bishop Hill?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Bishop Hill range from $880 to $3,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $1,400. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $1,395.

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 The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.