
Cheap Apartments for Rent in Hampshire, IL from $800 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in Hampshire.


Willow Brooke

Marengo Woods

Meadowdale Apartments

Royal Ridge Apartments

The Paths of Walnut Ridge

The Cornell Luxury Apartments

Hunter Ridge Apartments

1900 at Canterfield Apartment Homes
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.

200 S Lincoln

Eden Prairie Apartments

Darlington Court Apartments

39 Surrey Dr

311 Barrington Ave Lofts

Wing Park Residence

Woodcreek

The Villages at Canterfield

Springs At South Elgin
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.

Skyridge Club Apartments

St. Albans Greens Townhouses and Apartments

Authentix South Elgin

Highland Springs

Randall Village

The Church Street Apartments

Brandy Drive Apartments

Algonquin Square Apartment Homes

Seasons at Elgin
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.

Reserve Randall Road

Residence of Fairway Greens

Watermark at The Grove

Water's Edge

Elgin Artspace Lofts - For Artists Only

269 Douglas Ave

278 Douglas Ave

Elgin Tower Lofts

1840 W Highland Ave
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.

2225 Aurora Dr

WC Kimball

2245 Aurora Dr

10906 Woodstock St

3184 Impressions Dr

147 Polaris Dr

4676 Magnolia Ln

125 Capella Ct

1990 Larkin Ave, Elgin, 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.
Hampshire, IL Local Guide

How much does it cost to rent an apartment in Hampshire?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Hampshire Studio Apartments | $1,689 | $1,080 | $2,842 |
| Hampshire 1 Bedroom Apartments | $1,852 | $826 | $3,136 |
| Hampshire 2 Bedroom Apartments | $2,281 | $967 | $3,645 |
| Hampshire 3 Bedroom Apartments | $2,882 | $1,519 | $4,532 |
| Hampshire 4 Bedroom Apartments | $2,950 | $2,950 | $2,950 |
Browse Top Apartments in Hampshire
See all Apartments in HampshireExplore Hampshire
Hampshire, IL Local Guide
- Hampshire Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Marengo Woods | 1BR/1BA | 1BR,1BA | $1,185 |
| Royal Ridge Apartments | Studio | Studio,1BA | $1,250 |
| Willow Brooke | One Bedroom | 1BR,1BA | $1,280 |
| 200 S Lincoln | 1BD/1BA | 1BR,1BA | $1,400 |
| Meadowdale Apartments | 2 Bedroom 1 Bath 810 sq ft | 2BR,1BA | $1,450 |
| Eden Prairie Apartments | 2 Bed 1 Bath A Level 3 | 2BR,1BA | $1,545 |
| 311 Barrington Ave Lofts | 1 Bed Room | 1BR,1BA | $1,550 |
| Wing Park Residence | wp-1bs | 1BR,1BA | $1,550 |
| Skyridge Club Apartments | Meadowlark | 1BR,1BA | $1,660 |
| Woodcreek | Apt B | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Terrabrook at Prairie Ridge | Gregory End | 4BR,2.5BA | $1.37 |
| Fountain Square | 2 Bed/ 2 Bath/ Den | 2BR,2.5BA | $2.00 |
| Woodcreek | Apt B | 2BR,2BA | $1.60 |
| 311 Barrington Ave Lofts | 1 Bed Room | 1BR,1BA | $1.75 |
| Eden Prairie Apartments | 2 Bed 1 Bath A Renovated Level 2 | 2BR,1BA | $2.02 |
| Meadowdale Apartments | 2 Bedroom 1 Bath 810 sq ft | 2BR,1BA | $1.79 |
| Wing Park Residence | wp-1bs | 1BR,1BA | $2.14 |
| Darlington Court Apartments | One Bedroom/ One Bath | 1BR,1.5BA | $2.12 |
| Willow Brooke | One Bedroom | 1BR,1BA | $1.90 |
| Marengo Woods | 1BR/1BA | 1BR,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.
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
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.
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.
Best Local Schools in Hampshire, IL
Hampshire Elementary School
Hampshire High School
Hampshire Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Hampshire, IL Rentals by Map
See the most popular apartments and homes in Hampshire, IL
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

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.

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.