Cheap Apartments for Rent in Banks, AL from $400 (16 Rentals)

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

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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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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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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Magnolia Trace
2 Bedroom Apartments

Magnolia Trace

8230 Park CrossingMontgomery, AL 36117
Senior Living
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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 4 Beds unit found at University Corners priced from $450. Wooddale Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Banks apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Corners4 Bedroom 2 Bath4BR,2BA$450
Wooddale ApartmentsWooddale, Oakdale, Shady Oaks1BR,1BA$600
Camellia Commonsone bed1BR,1BA$642
Forest Haven Apartmentsone bedroom1BR,1BA$650
Willow Terrace ApartmentsThe Julianne1BR,1BA$680

Best Value Apartments for Rent in Banks, AL and Nearby

As of July 21, 2025 the best value apartment in the Banks area is the $0.95 price per square foot 2 Bedroom Deluxe Model at The Grove at Stone Park in the in the Outer East neighborhood starting from $1,450. The second greatest value Banks apartment is the 1 Model at Forest Acres starting at $1,019 with a $0.88 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.
The Grove at Stone Park2 Bedroom Deluxe2BR,2BA$0.95
Forest Acres13BR,2BA$0.88
The District on Dozier2 Bedroom2BR,2BA$0.62
Summer Court Townhomes2BR/1.5BA2BR,1.5BA$0.91
Heron Cove2 BEDROOM2BR,2BA$0.91
University Corners2 Bedroom 1 Bath2BR,1BA$0.59
Eastgate Landing Apartments2 Beds2BR,1BA$0.89
Beaumont Reserve at Eastern1BR1BA1BR,1BA$1.00
Camellia Commonsone bed (suite)1BR,1BA$0.88
Forest Haven Apartmentsone bedroom1BR,1BA$1.00

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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 $600 at Wooddale 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 $520 at University Corners.

What is the most affordable Banks Three Bedroom Apartment?

The best deal on a cheap Banks Three Bedroom Apartment rental is at Willow Terrace Apartments and starts from $915.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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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.