Cheap Apartments for Rent in Banks, AL from $400 (17 Rentals)

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Magnolia Trace
2 Bedroom Apartments

Magnolia Trace

8230 Park CrossingMontgomery, AL 36117
Senior Living
Showing Results 1-17, 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 $505. Wooddale Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Banks apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Corners4 Bedroom 2 Bath Renovated4BR,2BA$505
Wooddale ApartmentsWooddale, Oakdale, Shady Oaks1BR,1BA$625
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 October 22, 2025 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 Madison Model at Ivy Row Troy starting at $725 with a $0.44 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 TroyMadison4BR,4BA$0.44
Forest AcresDesire3BR,2BA$0.99
Summer Court Townhomes2BR/1.5BA2BR,1.5BA$0.91
Heron Cove2 BEDROOM2BR,2BA$0.90
Beacon Ridge Apartments2BR/2BA2BR,2BA$0.91
University Corners2 Bedroom 1 Bath2BR,1BA$0.59
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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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 $625 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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.