Cheap Apartments for Rent near Hillsboro, IL from $400 (42 Rentals)

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Search the lowest-cost Apartments available for rent right now in Hillsboro.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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.

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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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Butler Place
2 Bedroom Apartments

Butler Place

3100 Butler StSpringfield, IL 62703
  • Utilities Included
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Pine Woods Apartments
1 to 3 Bedroom Apartments

Pine Woods Apartments

1665 Seven Pines RdSpringfield, IL 62704
  • Utilities Included

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.

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Showing Results 1-42, Page 1 of 1

Hillsboro, IL Local Guide

Cheapest Available Hillsboro Apartments for Rent and Nearby

 

The cheapest available apartment rental in Hillsboro, IL is a 1 Bed unit found at McKay Manor in the Clinton County neighborhood priced from $486. Country Place-Moweaqua I & ll has the second lowest priced unit, which is a 1 Bed apartment currently listed from $497. Here is today’s list of the most affordable Hillsboro apartments for rent:

Apartment ListingModel NameBed/BathPriced From
McKay Manor1 Bdrm1BR,1BA$486
Country Place-Moweaqua I & ll1 Bedroom1BR,1BA$497
Lotts Landing Senior Apartments1 Bedroom 1 Bathroom1BR,1BA$560
Whispering Pines Apartments1 Bed, 1 Bath - Essential1BR,1BA$600
Rocwood Apartments1BR Units1BR,1BA$700
Flax Meadow TownhomesTwo Bed2BR,1BA$715
Broadway PlaceTwo Bedroom Apartment2BR,1BA$752
The Raymond ApartmentsTwo bedroom2BR,1BA$800
Pine Ridge ApartmentsOne Bedroom1BR,1BA$875
Ravenwood TownhomesTownhome2BR,1BA$895

Best Value Apartments for Rent in Hillsboro, IL and Nearby

As of July 27, 2026 the best value apartment in the Hillsboro area is the $0.56 price per square foot D1 Model at Parc at 720 in the in the Edwardsville neighborhood starting from $785. The second greatest value Hillsboro apartment is the 3 Bedroom Model at Ash Grove starting at $1,450 with a $1.09 price per square foot . Here is today’s list of the best values for Hillsboro apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Parc at 720D14BR,4BA$0.56
Ash Grove3 Bedroom3BR,2BA$1.09
Ravenwood TownhomesTownhome2BR,1.5BA$0.90
CandlesB12BR,1.5BA$1.00
Flax Meadow TownhomesTwo Bed2BR,1.5BA$0.81
The Raymond ApartmentsTwo bedroom2BR,1BA$1.00
McKay Manor1 Bdrm1BR,1BA$0.66
Broadway PlaceTwo Bedroom Apartment2BR,1BA$1.03
Country Place-Moweaqua I & ll1 Bedroom1BR,1BA$0.76
Lotts Landing Senior Apartments1 Bedroom 1 Bathroom1BR,1BA$0.87

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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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.

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

Explore Hillsboro, IL Rentals by Map

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See the most popular apartments and homes in Hillsboro, IL

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Frequently Asked Questions about Cheap Hillsboro Apartments

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

The lowest price for a Cheap One Bedroom Hillsboro Apartment is $486 at McKay Manor.

What is the lowest price for a Cheap Two Bedroom Hillsboro Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Hillsboro is starting from $527 at Country Place-Moweaqua I & ll.

What is the most affordable Hillsboro Three Bedroom Apartment?

The best deal on a cheap Hillsboro Three Bedroom Apartment rental is at McKay Manor and starts from $587.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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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.

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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.

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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.