Cheap Apartments for Rent near Banks, AL from $479 (48 Rentals)

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Search the lowest-cost Apartments available for rent right now in Banks.

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University Corners
Rent Specials
$479 - $618

Total Monthly Price

Base Rent$479 - $618
Total Monthly Price$479 - $618
1 to 4 Bedroom Apartments Available Now

University Corners

250 University AveTroy, AL 36081
Student Housing
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  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Greenbriar Apartments
$795 - $895

Total Monthly Price

Base Rent$795 - $895
Total Monthly Price$795 - $895
1 to 2 Bedroom Apartments Available Now

Greenbriar Apartments

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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Tapestry on Vaughn
$1,081 - $1,426

Total Monthly Price

Base Rent$1,081 - $1,426
Total Monthly Price$1,081 - $1,426
1 to 3 Bedroom Apartments Available Sep 24

Tapestry on Vaughn

3201 Watchman DrMontgomery, AL 36116
Corporate Housing
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  • Customer Reviewed
  • 3D Tour
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Halcyon Park
Rent Specials
$1,161 - $1,737

Total Monthly Price

Base Rent$1,161 - $1,737
Total Monthly Price$1,161 - $1,737
1 to 3 Bedroom Apartments Available Now

Halcyon Park

7880 Taylor Park RdMontgomery, AL 36117
Eco-Friendly
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Peppertree
$1,269 - $1,779

Total Monthly Price

Base Rent$1,269 - $1,779
Total Monthly Price$1,269 - $1,779
1 to 3 Bedroom Apartments Contact Us For Availability

Peppertree

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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Magnolia Trace
2 Bedroom Apartments

Magnolia Trace

8230 Park CrossingMontgomery, AL 36117
Senior Living

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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Forest Acres
3 Bedroom Apartments

Forest Acres

1717 Elba HwyTroy, AL 36079
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Verandas at Taylor Oaks
1 to 3 Bedroom Apartments

Verandas at Taylor Oaks

7701 Taylor Oaks DrMontgomery, AL 36116
Corporate Housing
  • 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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Sturbridge Commons
1 to 3 Bedroom Apartments

Sturbridge Commons

8700 Seaton BlvdMontgomery, AL 36116
Showing Results 1-48, Page 1 of 1

Banks, AL Local Guide

Cheapest Available Banks Apartments for Rent and Nearby

 

The cheapest available apartment rental in Banks, AL is a 4 Beds unit found at University Corners priced from $479. Lakepier Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $480. Here is today’s list of the most affordable Banks apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Corners4 Bedroom 2 Bath4BR,2BA$479
Lakepier ApartmentsOne Bedroom1BR,1BA$480
Wooddale ApartmentsWooddale, Oakdale, Shady Oaks1BR,1BA$625
Camellia Commonsone bed1BR,1BA$642
Beaumont Reserve at Eastern1BR1BA1BR,1BA$645
Georgetown Apartmentsone bedroom1BR,1BA$650
Brookdale ApartmentsOne Bedroom1BR,1BA$693
Greenbriar Apartments1 Bed / 1 Bath1BR,1BA$795
Heron Cove1 BEDROOM1BR,1BA$835
The Grand at Magnolia PointeThe Camellia Premier2BR,2BA$900

Best Value Apartments for Rent in Banks, AL and Nearby

As of September 05, 2026 the best value apartment in the Banks area is the $0.51 price per square foot McKinley Model at Ivy Row Troy in the starting from $799. The second greatest value Banks apartment is the 2BR/1.5BA Model at Summer Court Townhomes starting at $999 with a $0.91 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.
Ivy Row TroyMcKinley3BR,3.5BA$0.51
Summer Court Townhomes2BR/1.5BA2BR,1.5BA$0.91
The Grand at Magnolia PointeThe Camellia Premier2BR,2BA$0.94
University Corners2 Bedroom 1 Bath Renovated2BR,1BA$0.70
Beaumont Reserve at Eastern1BR1BA1BR,1BA$0.81
Heron Cove1 BEDROOM1BR,1BA$1.06
Camellia Commonsone bed (suite)1BR,1BA$0.88
Brookdale ApartmentsOne Bedroom1BR,1BA$0.98
Georgetown 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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 Beaumont Reserve at Eastern and starts from $885.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

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Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.