
Cheap Homes for Rent in Hampshire, IL from $1,500 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Hampshire.


231 Wedgewood Cir

2220 Aurora Dr

628 Florence St

45W005 Berner Rd
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.

10043 Haverhill Ln

11411 Douglas Ave

2250 Aurora Dr, Unit 3

12961 Pennsylvania Ave

1064 Turin Dr
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.

121 Terwilliger St
Hampshire, IL Local Guide

How much does it cost to rent a home in Hampshire?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Hampshire 2 Bedroom Homes for Rent | $2,131 | $1,500 | $2,650 |
| Hampshire 3 Bedroom Homes for Rent | $2,747 | $2,500 | $3,000 |
| Hampshire 4 Bedroom Homes for Rent | $3,250 | $2,300 | $3,800 |
| Hampshire 5 Bedroom Homes for Rent | $3,450 | $3,450 | $3,450 |
Browse Top Homes for Rent in Hampshire
Explore Hampshire
Hampshire, IL Local Guide
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Cheapest Available Hampshire Apartments for Rent
 The cheapest available apartment rental in Hampshire, IL is a 1 Bed unit found at Willow Brooke in the Savanna Grove neighborhood priced from $1,280. Royal Ridge Apartments in the Edgewater neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,350. Here is today’s list of the most affordable Hampshire apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Willow Brooke | One Bedroom | 1BR,1BA | $1,280 |
| Royal Ridge Apartments | 1 Bedroom | 1BR,1BA | $1,350 |
| The Church Street Apartments | 1 Bedroom | 1BR,1BA | $1,400 |
| 200 S Lincoln | 1BD/1BA | 1BR,1BA | $1,400 |
| Eden Prairie Apartments | 1 Bed 1 Bath Ground Level | 1BR,1BA | $1,415 |
Best Value Apartments for Rent in Hampshire, IL
As of July 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 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 |
| Residence of Fairway Greens | Two bed One Bath | 2BR,1BA | $1.88 |
| The Church Street Apartments | 1 Bedroom | 1BR,1BA | $1.40 |
| 311 Barrington Ave Lofts | 1 Bed Room | 1BR,1BA | $1.75 |
| Darlington Court Apartments | One bed One bath | 1BR,1BA | $2.12 |
| Eden Prairie Apartments | 1 Bed 1 Bath Ground Level | 1BR,1BA | $2.07 |
| Willow Brooke | One Bedroom | 1BR,1BA | $1.90 |
| Royal Ridge Apartments | 1 Bedroom | 1BR,1BA | $2.08 |
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 ArticleReal 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 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 Hampshire
What type of rentals are currently available in Hampshire?
There are currently 53 Apartments for Rent in Hampshire, IL with pricing that ranges from $826 to $4,237. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hampshire ranging from $1,500 to $3,800.
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 $3,800 with an average monthly rent of $2,894.
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 $1,535 to $3,657, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $3,000. Four Bedroom Single-Family rentals are also available starting from $2,300 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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.

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.