2

Hampshire, IL Houses for Rent

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  • /10

    $2,300 Per Month

    • 3 Beds
    • 2 Baths
    • 1,006 Sq Ft
    • House for Rent

    225 Panama Ave, Hampshire, IL 60140

    GREAT 3 BEDROOM RANCH HOME WITH FULL FINISHED BASEMENT W/KITCHENETTE, BEDROOM AND FAMILY ROOM ~ PORCH ON THE BACK OVERLOOKING THE BACKYARD WITH HUGE PINE TREES. SMALL ONE CAR GARAGE ~ PETS ALLOWED ~ GREAT RENTAL HOME THAT IS READY TO GO.

    Lisa Rossow CENTURY 21 New Heritage

    225 Panama Ave, Hampshire, IL 60140
  • /23

    $3,350 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,561 Sq Ft
    • House for Rent

    101 Fieldcrest Ave, Hampshire, IL 60140

    Pristine, move-in ready rental on a desirable corner lot in the Prairie Ridge community! Built less than a year ago, this 3-bedroom, 2.5-bath home offers over 1,560 square feet of modern, low-maintenance living. The bright, open-concept layout features a stylish kitchen with premium quartz countertops, soft-close cabinetry, and a spacious pantry. Upstairs, enjoy a private primary suite with a

    sunita kakarlapudi Sohum Realty, Inc.

    101 Fieldcrest Ave, Hampshire, IL 60140

Frequently Asked Questions

How much does it cost to rent a single-family home in Hampshire, IL?
The median rent for a single-family home in Hampshire, IL is $2,300 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Hampshire, IL?
To comfortably afford the median rent in Hampshire, IL, a household needs to earn roughly $93,000 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 $2,325 per month in Hampshire, IL, renters typically need to show $6,975 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 Hampshire, IL?
In Hampshire, IL, the price-to-rent ratio is 14.5, 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 Houses for Rent
2
Median Single Family Home Rent
$2,300
Median 3 Bedroom Single Family Home Rent
$2,495
Median 4 Bedroom Single Family Home Rent
$2,850
How to Rent a Home