Cheap Apartments for Rent near Hillsboro, IL from $497 (45 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

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Emerald Ridge
2 to 4 Bedroom Apartments

Emerald Ridge

615 3rd StEast Alton, IL 62024
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Butler Place
2 Bedroom Apartments

Butler Place

3100 Butler StSpringfield, IL 62703
  • Utilities Included

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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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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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 Country Place-Moweaqua I & ll priced from $497. Lotts Landing Senior Apartments in the Macoupin County neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $560. Here is today’s list of the most affordable Hillsboro apartments for rent:

Apartment ListingModel NameBed/BathPriced From
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
326 E Central St1 bed 1 bath1BR,1BA$700
Broadway PlaceTwo Bedroom Apartment2BR,1BA$752
McKay Manor3 Bdrm3BR,2BA$800
The Raymond ApartmentsTwo bedroom2BR,1BA$800
Ravenwood TownhomesTownhome2BR,1BA$895
Surrey Court Apartments2 Beds, 1 bath2BR,1BA$970

Best Value Apartments for Rent in Hillsboro, IL and Nearby

As of September 11, 2026 the best value apartment in the Hillsboro area is the $0.63 price per square foot 3 Bdrm Model at McKay Manor in the in the Clinton County neighborhood starting from $800. The second greatest value Hillsboro apartment is the B1 Model at Parc at 720 starting at $1,009 with a $0.81 price per square foot in the Edwardsville neighborhood. 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.
McKay Manor3 Bdrm3BR,2BA$0.63
Parc at 720B12BR,2BA$0.81
Storyboard on LancashireLancashire B12BR,1BA$1.04
Ravenwood TownhomesTownhome2BR,1.5BA$0.90
Orchard Park2 Bedroom 1 Bath South2BR,1BA$1.06
Surrey Court Apartments2 Beds, 1 bath2BR,1BA$1.12
The Raymond ApartmentsTwo bedroom2BR,1BA$1.00
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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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 $497 at Country Place-Moweaqua I & ll.

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 $800.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.