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Newest Homes for Rent in Hamilton, IL

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  • /9

    $600 Per Month

    • 3 Beds
    • 1 Bath
    • 924 Sq Ft
    • House for Rent

    661 N 19th St, Hamilton, IL 62341

    Property Id: 2596778Affordable Home Opportunity! Looking for an affordable place to call home? This 3-bedroom, 1-bath home at 661 N 19th St. Lot 21, Hamilton, IL 62341 features a 14x66 layout and is priced at $21,000. Estimated monthly payment is $600 with an estimated down payment of $1,050. This home is in a clean, all-age community with a playground. Sheds are optional if you'd

    661 N 19th St, Hamilton, IL 62341
  • /14

    $1,250 Per Month

    • 4 Beds
    • 2.5 Baths
    • Condo for Rent

    1021 Keokuk St Unit Down, Hamilton, IL 62341

    Property Id: 981829Charming 4BR/2.5BA in Near Park!Enjoy this 4-bedroom, 2.5-bath unit with private yard, steps from Park and playgrounds. Ready for immediate move-in! First month's rent + security deposit (1 month's rent, due at signing QualificationsGross monthly income 3x rent (pay stubs/bank statements required) Credit report and positive rental references preferred

    1021 Keokuk St Unit Down, Hamilton, IL 62341
  • /7

    $900 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    1021 Keokuk St Unit Up, Hamilton, IL 62341

    Property Id: 981825Charming Furnished 2BR/1BA in Haliltom fully furnished 2-bedroom, 1-bath unit with private yard perfect for pets or gardening, steps from Park and playgrounds. Ready for immediate move-in! First month's rent + security deposit due at signing. Qualifications Gross monthly income 3x rent (pay stubs/bank statements) positive rental references preferred

    1021 Keokuk St Unit Up, Hamilton, IL 62341

Frequently Asked Questions

How much does it cost to rent a home in Hamilton, IL?
The median rent for a home in Hamilton, IL is $900 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes tend to be the most affordable option while condos are currently more expensive.
How much do you need to make to afford rent in Hamilton, IL?
To comfortably afford the median rent in Hamilton, IL, a household needs to earn roughly $36,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $900 per month in Hamilton, IL, renters typically need to show $2,700 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Hamilton, IL?
In Hamilton, IL, the price-to-rent ratio is 9.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$900
Median Single Family Home Rent
$600
Median Condo Rent
$1,075
How to Rent a Home