Don't skimp on the router, it needs to do these things: WPA/WPA2 encryption, MAC filtering, and be able to turn off the SSID broadcast.
If you have those things you'll be good to go.
1. Do not use the default IP scheme. Usually it's set to 192.168.0.xxx or 192.168.1.xxx.
Change it to something based off the schema below.
These are the IP schemes for use in Private(Home) Setup:
10.0.0.0 – 10.255.255.255
172.16.0.0 – 172.31.255.255
192.168.2.0 – 192.168.255.255
Be creative don't make it simple.
2. Be sure to change the password on the Router to a Strong Password. At least 8 characters long with a combo of Upper-case letters, lower-case letters, numbers, and symbols.
Again, creative and not simple, but
easily remembered.
3. Turn on MAC filtering.
Make sure you do this before securing the network with the steps 4-7, or it becomes much more difficult. If you have a newer router this should be easy. Most new router when setting up MAC filtering will capture the MAC addresses of those components already on the network, so you simple have include them by tick box or whatever the GUI for your router uses. Otherwise, you will have to manually find the MAC on each address and type them into the router.
4. Disable the DHCP on the Router, this automatically assigns IP adresses to any computer on the network that dynamically drawing IP's. You will have to manually put in addresses in all wireless/wired components.
5. Turn off SSID broadcasting and change it to something other than the Router's make. This doesn't have to super tricky, just make sure it's not broadcasted.
6. Setup your WPA/WPA2 encryption. It'll ask for a Passcode, be creative and not simple. You will have to enter this Passcode in your wireless enabled devices, make sure they are WPA ready. If they are not you may need to use WEP 128key for your router and adaptors. WEP is less secure and harder to setup because you have to remember a long series numbers and leters, so stay away if you can. If they don't have WEP, buy new adaptors.
7. Go around to your adaptors/components are reconfigure accordingly.
That's about as secure as a home network can get without turning off or changing ports, and that's a whole other ball of wax.
Hope this Helps.