Cheap Homes for Rent in Hampshire, IL from $1,500 (5 Rentals)

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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.

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.

Hampshire, IL Local Guide

Cheapest Available Hampshire Apartments for Rent

 

The cheapest available apartment rental in Hampshire, IL is a Studio unit found at Willow Brooke in the Savanna Grove neighborhood priced from $1,050. Royal Ridge Apartments in the Edgewater neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,125. Here is today’s list of the most affordable Hampshire apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Willow BrookeStudioStudio,1BA$1,050
Royal Ridge ApartmentsStudioStudio,1BA$1,125
Marengo Woods1BR/1BA1BR,1BA$1,185

Best Value Apartments for Rent in Hampshire, IL

As of February 24, 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 D2A Model at The Villages at Canterfield starting at $2,750 with a $1.98 price per square foot in the Willow Lakes Estates 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
The Villages at CanterfieldD2A3BR,3BA$1.98
Highland SpringsTwo Bedroom Large2BR,2BA$1.52
St. Albans Greens Townhouses and Apartments2 Bedrooom TH NEW2BR,2BA$1.49
WoodcreekApt B2BR,2BA$1.55
Residence of Fairway GreensCB121.5 Two Bed One and One half bath2BR,1.5BA$1.81
The Paths of Walnut Ridge2 Bed / 2 Bath2BR,2BA$1.51
311 Barrington Ave Lofts1 Bed Room1BR,1BA$1.75
Skyridge Club ApartmentsSandpiper2BR,1BA$2.02
Marengo Woods1BR/1BA1BR,1BA$1.98

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

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Frequently Asked Questions about Hampshire

What type of rentals are currently available in Hampshire?

There are currently 50 Apartments for Rent in Hampshire, IL with pricing that ranges from $826 to $4,141. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hampshire ranging from $1,500 to $3,650.

What is the current price range for Rental Homes in Hampshire?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Hampshire ranges from $1,500 to $3,650 with an average monthly rent of $2,362.

How much are larger Three and Four Bedroom Rentals in Hampshire?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Hampshire range from $1,519 to $4,141, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $3,650. Four Bedroom Single-Family rentals are also available starting from $1,875 and Four Bedroom Apartments start at $2,950.

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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.