Cheap Apartments for Rent in Hampshire, IL from $800 (46 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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.

Read Article

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
39 Surrey Dr
Studio Apartments

39 Surrey Dr

51 Surrey DrElgin, IL 60123
Affordability
  • Utilities Included
  • Smoke Free
close
View Me
269 Douglas Ave
1 Bedroom Apartments

269 Douglas Ave

269 Douglas AveElgin, IL 60120
close
View Me
278 Douglas Ave
1 Bedroom Apartments

278 Douglas Ave

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

Elgin Tower Lofts

100 E Chicago StElgin, IL 60120
close
View Me
WC Kimball
2 Bedroom Apartments

WC Kimball

52 N Crystal AveElgin, IL 60123
property at 2250 Aurora Dr

$1,900

2 Bedroom Rentals

Available Now

2250 Aurora Dr

Pingree GroveIL60140

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.

Read Article
Showing Results 1-46, Page 1 of 1

Hampshire, IL Local Guide

Cheapest Available Hampshire Apartments for Rent

 

The cheapest available apartment rental in Hampshire, IL is a Studio unit found at 39 Surrey Dr in the West Ridge Village neighborhood priced from $1,100. 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
39 Surrey Dr39 Surrey DriveStudio,1BA$1,100
Meadowdale Apartments1 Bedroom - 1 Bath 667 sq ft1BR,1BA$1,235
Royal Ridge ApartmentsStudioStudio,1BA$1,250
Willow BrookeOne Bedroom1BR,1BA$1,280
The Cornell Luxury ApartmentsStudio1BR,1BA$1,300
200 S Lincoln1BD/1BA1BR,1BA$1,400
The Church Street Apartments1 Bedroom1BR,1BA$1,400
Eden Prairie Apartments1 Bed 1 Bath Ground Level1BR,1BA$1,450
Wing Park Residencewp-1bs1BR,1BA$1,550
311 Barrington Ave Lofts1 Bed Room1BR,1BA$1,550

Best Value Apartments for Rent in Hampshire, IL

As of June 12, 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
1900 at Canterfield Apartment HomesB4- Upper2BR,2BA$1.98
WoodcreekApt B2BR,2BA$1.60
Residence of Fairway Greens2.1.5B2BR,1.5BA$1.95
Darlington Court ApartmentsTwo Bedroom/Two Bath2BR,2BA$1.86
311 Barrington Ave Lofts1 Bed Room1BR,1BA$1.75
Willow BrookeOne Bedroom1BR,1BA$1.90
Meadowdale Apartments1 Bedroom - 1 Bath 667 sq ft1BR,1BA$1.85
39 Surrey Dr39 Surrey DriveStudio ,1BA$1.69

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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

Best Local Schools in
Hampshire, IL

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Hampshire, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Hampshire, IL

View Map
Hampshire, IL Apartments Map
View Map
Hampshire, IL Rental Homes Map

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 39 Surrey Dr listed at $1,100.

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

The lowest price for a Cheap One Bedroom Hampshire Apartment is $1,235 at Meadowdale Apartments.

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 $1,450 at Meadowdale Apartments.

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

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.