Cheap Homes for Rent near Hoopeston, IL from $400 (19 Rentals)

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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.

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.

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.

Hoopeston, IL Local Guide

Cheapest Available Hoopeston Apartments for Rent and Nearby

 

The cheapest available apartment rental in Hoopeston, IL is a 1 Bed unit found at Fowler Place Apartments priced from $599. Wabash Shore Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here is today’s list of the most affordable Hoopeston apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fowler Place ApartmentsFloorplan E1BR,1BA$599
Wabash Shore Apartments1BR/1.0BA1BR,1BA$699
Brookhaven1 Bed/ 1 Bath1BR,1BA$717
West Liberty Point 1BRWest Liberty Point 1BR - West...1BR,1BA$725
Waterview Estates1x1Waterview Estates1BR,1BA$730

Best Value Apartments for Rent in Hoopeston, IL and Nearby

As of July 10, 2026 the best value apartment in the Hoopeston area is the $1.23 price per square foot 3 BD 1.5 BA Duplex Model at 52 Flats in the starting from $1,599. The second greatest value Hoopeston apartment is the 3x3 Model at The Linc Apartments starting at $471 with a $0.41 price per square foot . Here is today’s list of the best values for Hoopeston apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
52 Flats3 BD 1.5 BA Duplex3BR,1.5BA$1.23
The Linc Apartments3x33BR,3BA$0.41
Devonshire Village2 Bed 2 Bath Sm Apt2BR,2BA$1.09
Falcon Way TownhomesThree Bedroom Townhome3BR,1BA$0.81
University ParkTwo Bedroom2BR,1BA$1.17
Capstone QuartersTwo Bedroom Select2BR,2BA$0.80
Element on Main2x12BR,1BA$1.31
Waterview Estates1x1Waterview Estates1BR,1BA$1.09
Urbana Estates1x1Urbana Estates1BR,1BA$1.22
The AtriumSingle (shared common area)1BR,1BA$1.33

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!

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Frequently Asked Questions about Hoopeston

What type of rentals are currently available in Hoopeston?

There are currently 49 Apartments for Rent in Hoopeston, IL with pricing that ranges from $465 to $2,700. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hoopeston ranging from $475 to $2,250.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Hoopeston ranges from $475 to $2,250 with an average monthly rent of $721.

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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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.

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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.