Cheap Homes for Rent in Hanover Park, IL from $1,700 (14 Rentals)

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 1028 Sagamore Dr

1028 Sagamore Dr

SchaumburgIL60194

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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Hanover Park, IL Local Guide

Cheapest Available Hanover Park Apartments for Rent

 

The cheapest available apartment rental in Hanover Park, IL is a 1 Bed unit found at Orchard Hills Apartments in the East Streamwood neighborhood priced from $1,195. Lakehaven Apartments in the Bloomingdale Walk neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,591. Here is today’s list of the most affordable Hanover Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Orchard Hills ApartmentsA1BR,1BA$1,195
Lakehaven Apartments1 Bed 1 Bath (340a1) Classic1BR,1BA$1,591
The Greenway at Carol Stream1 Bedroom 1.5 Bath1BR,1BA$1,614
Woodbury Place Apartments1 Bedroom Floor Plan A11BR,1BA$1,627
Hanover Park Blu ApartmentsThe Barrington2BR,1BA$1,645

Best Value Apartments for Rent in Hanover Park, IL

As of May 15, 2025 the best value apartment in the Hanover Park area is the $2.04 price per square foot 2BR/2.0BA Model at Lakeland Lofts Luxury Apartments in the in the Bloomingdale Walk neighborhood starting from $2,650. The second greatest value Hanover Park apartment is the 3 Bedroom Floor Plan C2 Model at Woodbury Place Apartments starting at $2,610 with a $2.09 price per square foot in the West Streamwood neighborhood. Here is today’s list of the best values for Hanover Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lakeland Lofts Luxury Apartments2BR/2.0BA2BR,2BA$2.04
Woodbury Place Apartments3 Bedroom Floor Plan C23BR,2BA$2.09
Bartlett Lakes2 Bedroom 1 Bath (C)2BR,1BA$1.75
Windsor Estate Apartments2 Bedrooms Floor Plan B22BR,2BA$1.96
Savannah Trace ApartmentsMagnolia2BR,2BA$2.22
Orchard Hills ApartmentsD2BR,1BA$1.67
Hanover Park Blu ApartmentsThe Barrington2BR,1BA$1.86
ReNew Poplar CreekAstor1BR,1BA$2.18
The Greenway at Carol Stream1 Bedroom 1.5 Bath1BR,1.5BA$2.02
Lakehaven Apartments1 Bed 1 Bath (340a1r) Renovated1BR,1BA$2.57

Quick Rent Budget Calculator

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Frequently Asked Questions about Hanover Park

What type of rentals are currently available in Hanover Park?

There are currently 65 Apartments for Rent in Hanover Park, IL with pricing that ranges from $1,186 to $29,806. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hanover Park ranging from $1,750 to $6,950.

What is the current price range for Rental Homes in Hanover Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Hanover Park ranges from $1,750 to $6,950 with an average monthly rent of $2,951.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.