Cheap Apartments for Rent near Banks, AL from $400 (31 Rentals)

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

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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
  • Verified
  • Customer Reviewed
  • 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

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
  • Verified
  • 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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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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Showing Results 1-31, 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 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
Wooddale ApartmentsWooddale, Oakdale, Shady Oaks1BR,1BA$625
Camellia Commonsone bed1BR,1BA$642
Beaumont Reserve at Eastern1BR1BA1BR,1BA$645
Forest Haven Apartmentsone bedroom1BR,1BA$650
Eastgate Landing Apartments2 Beds2BR,1BA$720
Greenbriar Apartments1 Bed / 1 Bath1BR,1BA$795
Willow Terrace Apartments1 Bed/1 Bath1BR,1BA$799
Heron Cove1 BEDROOM1BR,1BA$835

Best Value Apartments for Rent in Banks, AL and Nearby

As of July 21, 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 C1 - Braddock Model at Tapestry on Vaughn starting at $1,263 with a $1.01 price per square foot in the Halcyon Park neighborhood. 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
Tapestry on VaughnC1 - Braddock3BR,2BA$1.01
Summer Court Townhomes2BR/1.5BA2BR,1.5BA$0.91
University Corners4 Bedroom 2 Bath Renovated4BR,2BA$0.49
The Grand at Magnolia PointeB2 - PR2BR,2BA$0.94
Eastgate Landing Apartments2 Beds2BR,1BA$0.83
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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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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.