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Newest Homes for Rent in Hillsboro, IL

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  • /9

    $900 Per Month

    • 2 Beds
    • 1.5 Baths
    • House for Rent

    2203 Miller Ave, Hillsboro, IL 62049

    Property Id: 2497653This charming 2 bedroom, 1.5 bath home offers modern comfort with a spacious layout, updated finishes, and a cozy atmosphere. Enjoy a bright living area, functional kitchen, and convenient location. Perfect for small families or couples looking for a clean, comfortable place to call home.

    (217) 624-8460

    2203 Miller Ave, Hillsboro, IL 62049
  • /8

    $850 Per Month

    • 2 Beds
    • 1 Bath
    • 980 Sq Ft
    • House for Rent

    123 N E St, Hillsboro, IL 62049

    Property Id: 2543009Welcome home! This beautifully updated 2-bedroom, 1-bathroom single-family home offers the perfect blend of comfort, charm, and functional living space located close to parks and the soon to be public pool. Step inside to find a clean, bright interior featuring gorgeous brand-new flooring throughout. All appliances included, large backyard.Rent: [Insert

    (217) 874-6847

    123 N E St, Hillsboro, IL 62049

Frequently Asked Questions

How much does it cost to rent a home in Hillsboro, IL?
The median rent for a home in Hillsboro, IL is $850 per month, though prices vary by neighborhood, size, and property type. As of May 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Hillsboro, IL?
To comfortably afford the median rent in Hillsboro, IL, a household needs to earn roughly $34,000 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 $850 per month in Hillsboro, IL, renters typically need to show $2,550 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 Hillsboro, IL?
In Hillsboro, IL, the price-to-rent ratio is 12.5, 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 in Hillsboro, IL

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$850
Median Single Family Home Rent
$850
How to Rent a Home