Cheap Apartments for Rent in Hampshire, IL from $1,080 (49 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Water's Edge
Rent Specials
$1,915 - $3,510

Total Monthly Price

Base Rent$1,915 - $3,510
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Water's Edge

311 Waters Edge DrCrystal Lake, IL 60014
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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.

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39 Surrey Dr
Studio to 3 Bedroom Apartments

39 Surrey Dr

51 Surrey DrElgin, IL 60123
  • Utilities Included
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269 Douglas Ave
1 Bedroom Apartments

269 Douglas Ave

269 Douglas AveElgin, IL 60120
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278 Douglas Ave
1 Bedroom Apartments

278 Douglas Ave

278 Douglas AveElgin, IL 60120
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Elgin Tower Lofts
1 to 2 Bedroom Apartments

Elgin Tower Lofts

100 E Chicago StElgin, IL 60120
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Woodcreek
2 Bedroom Apartments

Woodcreek

11700 Woodcreek EHuntley, IL 60142
  • Utilities Included
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Brandy Drive Apartments
Studio to 3 Bedroom Apartments

Brandy Drive Apartments

431-455 Brandy DrCrystal Lake, IL 60014
  • Utilities Included

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.

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WC Kimball
2 Bedroom Apartments

WC Kimball

52 N Crystal AveElgin, IL 60123
Showing Results 1-49, Page 1 of 1

Hampshire, IL Local Guide

Cheapest Available Hampshire Apartments for Rent

 

The cheapest available apartment rental in Hampshire, IL is a 1 Bed unit found at Marengo Woods in the Deerpass neighborhood priced from $1,195. Meadowdale Apartments in the Waterford of Algonquin neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,235. Here is today’s list of the most affordable Hampshire apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Marengo Woods1BR/1BA1BR,1BA$1,195
Meadowdale Apartments1 Bedroom - 1 Bath 667 sq ft1BR,1BA$1,235
Willow BrookeOne Bedroom1BR,1BA$1,280
200 S Lincoln1BD/1BA1BR,1BA$1,400
Eden Prairie Apartments1 Bed 1 Bath Ground Level1BR,1BA$1,425
Darlington Court ApartmentsOne bed One bath1BR,1BA$1,477
The Church Street Apartments1 Bedroom1BR,1BA$1,500
Authentix South ElginStudio Horizon OverlookStudio,1BA$1,547
311 Barrington Ave Lofts1 Bed Room1BR,1BA$1,550
Wing Park Residencewp-1bs1BR,1BA$1,550

Best Value Apartments for Rent in Hampshire, IL

As of September 11, 2026 the best value apartment in the Hampshire area is the $1.37 price per square foot Gregory End Model at Terrabrook at Prairie Ridge in the starting from $2,500. The second greatest value Hampshire apartment is the 2 Bed/ 2 Bath/ Den Model at Fountain Square starting at $2,600 with a $2.00 price per square foot in the College Green neighborhood. Here is today’s list of the best values for Hampshire apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Terrabrook at Prairie RidgeGregory End4BR,2.5BA$1.37
Fountain Square2 Bed/ 2 Bath/ Den2BR,2.5BA$2.00
The Church Street Apartments1 Bedroom1BR,1BA$1.65
311 Barrington Ave Lofts1 Bed Room1BR,1BA$1.75
Randall VillageThe Chagall1BR,1BA$2.16
Wing Park Residencewp-1bs1BR,1BA$2.14
Willow BrookeOne Bedroom1BR,1BA$1.90
Meadowdale Apartments1 Bedroom - 1 Bath 667 sq ft1BR,1BA$1.85
200 S Lincoln1BD/1BA1BR,1BA$2.15
Marengo Woods1BR/1BA1BR,1BA$1.99

Don'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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Hampshire, IL

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Hampshire Apartments

What is the Cheapest Studio apartment in Hampshire?

Currently the most affordable Cheap Studio Apartment in Hampshire is at Authentix South Elgin listed at $1,547.

How much is rent for a Cheap One Bedroom Hampshire Apartment?

The lowest price for a Cheap One Bedroom Hampshire Apartment is $1,195 at Marengo Woods.

What is the lowest price for a Cheap Two Bedroom Hampshire Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Hampshire is starting from $1,475 at Willow Brooke.

What is the most affordable Hampshire Three Bedroom Apartment?

The best deal on a cheap Hampshire Three Bedroom Apartment rental is at Terrabrook at Prairie Ridge and starts from $2,400.

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.