Cheap Apartments for Rent in Hampshire, IL from $800 (45 Rentals)

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

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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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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

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.

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WC Kimball
2 Bedroom Apartments

WC Kimball

52 N Crystal AveElgin, IL 60123

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.

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Showing Results 1-45, Page 1 of 1

Hampshire, IL Local Guide

Cheapest Available Hampshire Apartments for Rent and Nearby

 

The cheapest available apartment rental in Hampshire, IL is a 1 Bed unit found at Marengo Woods in the Deerpass neighborhood priced from $1,185. Royal Ridge Apartments in the Edgewater neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,250. Here is today’s list of the most affordable Hampshire apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Marengo Woods1BR/1BA1BR,1BA$1,185
Royal Ridge ApartmentsStudioStudio,1BA$1,250
Willow BrookeOne Bedroom1BR,1BA$1,280
200 S Lincoln1BD/1BA1BR,1BA$1,400
Meadowdale Apartments2 Bedroom 1 Bath 810 sq ft2BR,1BA$1,450
Eden Prairie Apartments2 Bed 1 Bath A Level 32BR,1BA$1,545
311 Barrington Ave Lofts1 Bed Room1BR,1BA$1,550
Wing Park Residencewp-1bs1BR,1BA$1,550
Skyridge Club ApartmentsMeadowlark1BR,1BA$1,660
WoodcreekApt B2BR,2BA$1,680

Best Value Apartments for Rent in Hampshire, IL and Nearby

As of April 28, 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
WoodcreekApt B2BR,2BA$1.60
311 Barrington Ave Lofts1 Bed Room1BR,1BA$1.75
Eden Prairie Apartments2 Bed 1 Bath A Renovated Level 22BR,1BA$2.02
Meadowdale Apartments2 Bedroom 1 Bath 810 sq ft2BR,1BA$1.79
Wing Park Residencewp-1bs1BR,1BA$2.14
Darlington Court ApartmentsOne Bedroom/ One Bath1BR,1.5BA$2.12
Willow BrookeOne Bedroom1BR,1BA$1.90
Marengo Woods1BR/1BA1BR,1BA$1.98

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.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash 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.

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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.

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Hampshire, IL

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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 Royal Ridge Apartments listed at $1,250.

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

The lowest price for a Cheap One Bedroom Hampshire Apartment is $1,185 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 $1,288 at Marengo Woods.

What is the most affordable Hampshire Three Bedroom Apartment?

The best deal on a cheap Hampshire Three Bedroom Apartment rental is at Marengo Woods and starts from $1,519.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.

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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.

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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.