Cheap Homes for Rent in Hampshire, IL from $1,900 (10 Rentals)

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

property at 2250 Aurora Dr

$1,900

2 Bedroom Rentals

Available Now

2250 Aurora Dr

Pingree GroveIL60140

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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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.

Hampshire, IL Local Guide

Cheapest Neighborhoods for Apartments in Hampshire, IL

Pricing Updated: 05/27/2026

Current apartment rentals in the Hampshire, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Hampshire Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Riverbend$2,400$2,4001

Cheapest Available Hampshire Apartments for Rent

 

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. 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
Marengo Woods1BR/1BA1BR,1BA$1,185
Meadowdale Apartments1 Bedroom - 1 Bath 667 sq ft1BR,1BA$1,235
Royal Ridge ApartmentsStudioStudio,1BA$1,250

Best Value Apartments for Rent in Hampshire, IL

As of May 27, 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
Darlington Court ApartmentsTwo Bedroom/ One and 1/2 Bath2BR,1.5BA$1.80
311 Barrington Ave Lofts1 Bed Room1BR,1BA$1.75
Wing Park Residencewp-1bs1BR,1BA$2.14
The Cornell Luxury ApartmentsStudio1BR,1BA$1.86
Willow BrookeOne Bedroom1BR,1BA$1.90
Meadowdale Apartments1 Bedroom - 1 Bath 667 sq ft1BR,1BA$1.85
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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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.

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Frequently Asked Questions about Hampshire

What type of rentals are currently available in Hampshire?

There are currently 52 Apartments for Rent in Hampshire, IL with pricing that ranges from $826 to $4,216. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hampshire ranging from $1,900 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 $1,900 to $3,800 with an average monthly rent of $2,843.

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 $3,662, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,295 to $3,650. Four Bedroom Single-Family rentals are also available starting from $3,350 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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.