Cheap Apartments for Rent in Banks, AL from $400 (53 Rentals)

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Wooddale Apartments
$625 - $740
Total Monthly Price

Total Monthly Price

Base Rent
$625 - $740
Total Monthly Price
$625 - $740
1 Bedroom Apartments Contact Us For Availability

Wooddale Apartments

600 Folmar StTroy, AL 36081
Student Housing
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  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Greenbriar Apartments
$795 - $895
Total Monthly Price

Total Monthly Price

Base Rent
$795 - $895
Total Monthly Price
$795 - $895
1 to 2 Bedroom Apartments Contact Us For Availability

Greenbriar Apartments

4604 Virginia Loop RdMontgomery, AL 36116
Eco-Friendly
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  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Tapestry on Vaughn
$1,046 - $1,644
Total Monthly Price

Total Monthly Price

Base Rent
$1,046 - $1,644
Total Monthly Price
$1,046 - $1,644
1 to 3 Bedroom Apartments Available Now

Tapestry on Vaughn

3201 Watchman DrMontgomery, AL 36116
Corporate Housing
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Halcyon Park
$1,225 - $1,537
Total Monthly Price

Total Monthly Price

Base Rent
$1,225 - $1,537
Total Monthly Price
$1,225 - $1,537
1 to 3 Bedroom Apartments Available Now

Halcyon Park

7880 Taylor Park RdMontgomery, AL 36117
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Peppertree
$1,359 - $1,779
Total Monthly Price

Total Monthly Price

Base Rent
$1,359 - $1,779
Total Monthly Price
$1,359 - $1,779
1 to 3 Bedroom Apartments Available Jun 12

Peppertree

8201 Vaughn RdMontgomery, AL 36116
Eco-Friendly
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  • 3D Tour

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Reserve
$1,396 - $1,641
Total Monthly Price

Total Monthly Price

Base Rent
$1,396 - $1,641
Total Monthly Price
$1,396 - $1,641
1 to 3 Bedroom Apartments Available Jun 11

The Reserve

3501 Reserve CirMontgomery, AL 36116
Corporate Housing
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Magnolia Trace
2 Bedroom Apartments

Magnolia Trace

8230 Park CrossingMontgomery, AL 36117
Senior Living
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Elevate 5050
1 to 3 Bedroom Apartments

Elevate 5050

5050 Bell RdMontgomery, AL 36116

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Sturbridge Commons
1 to 3 Bedroom Apartments

Sturbridge Commons

8700 Seaton BlvdMontgomery, AL 36116

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Banks, AL Local Guide

Cheapest Available Banks Apartments for Rent and Nearby

 

The cheapest available apartment rental in Banks, AL is a 1 Bed unit found at Lakepier Apartments priced from $480. University Corners has the second lowest priced unit, which is a 4 Beds apartment currently listed from $535. Here is today’s list of the most affordable Banks apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lakepier ApartmentsOne Bedroom1BR,1BA$480
University Corners4 Bedroom 2 Bath Renovated4BR,2BA$535
The Arch Troy3BR/3BA3BR,3BA$568
Wooddale ApartmentsWooddale, Oakdale, Shady Oaks1BR,1BA$625
Camellia Commonsone bed1BR,1BA$642
Beaumont Reserve at Eastern1BR1BA1BR,1BA$645
Forest Haven Apartmentsone bedroom1BR,1BA$650
Wuergler VillageOne Bedroom1BR,1BA$700
Greenbriar Apartments1 Bed / 1 Bath1BR,1BA$795
Willow Terrace Apartments1 Bed/1 Bath1BR,1BA$799

Best Value Apartments for Rent in Banks, AL and Nearby

As of June 05, 2026 the best value apartment in the Banks area is the $0.83 price per square foot 4 Bedroom Villa Model at Stone Park Villas in the in the Outer East neighborhood starting from $2,000. The second greatest value Banks apartment is the Franklin Model at Ivy Row Troy starting at $825 with a $0.53 price per square foot . Here is today’s list of the best values for Banks apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Stone Park Villas4 Bedroom Villa4BR,2.5BA$0.83
Ivy Row TroyFranklin3BR,3.5BA$0.53
Elevate 5050The Shakespeare2BR,1BA$0.93
Forest AcresHamilton3BR,2BA$0.90
University Corners4 Bedroom 2 Bath Renovated4BR,2BA$0.49
The Arch Troy2BR/2BA - Upgrade2BR,2BA$0.77
Beaumont Reserve at Eastern1BR1BA1BR,1BA$0.81
Camellia Commonsone bed (suite)1BR,1BA$0.88
Forest Haven Apartmentsone bedroom1BR,1BA$1.00
Lakepier ApartmentsOne Bedroom1BR,1BA$0.79

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Frequently Asked Questions about Cheap Banks Apartments

How much is rent for a Cheap One Bedroom Banks Apartment?

The lowest price for a Cheap One Bedroom Banks Apartment is $480 at Lakepier Apartments.

What is the lowest price for a Cheap Two Bedroom Banks Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Banks is starting from $495 at Lakepier Apartments.

What is the most affordable Banks Three Bedroom Apartment?

The best deal on a cheap Banks Three Bedroom Apartment rental is at The Arch Troy and starts from $568.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.