
Cheap Homes for Rent in Banks, AL from $900 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Banks.


110 A St

103 Watkins St

106 Metcalf St

220 Candlebrook Dr

24 Old Mcray Mill Rd
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.

302 Corman Ave

816 Park St

133 Commons Dr

445 Eufaula St

115 Creeke Ln

310 Stratford Dr
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.

103 Green St
Banks, AL Local Guide

How much does it cost to rent a home in Banks?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Banks 2 Bedroom Homes for Rent | $1,198 | $900 | $1,700 |
| Banks 3 Bedroom Homes for Rent | $1,573 | $1,200 | $2,200 |
| Banks 4 Bedroom Homes for Rent | $1,910 | $1,000 | $2,350 |
| Banks 5 Bedroom Homes for Rent | $1,200 | $1,200 | $1,200 |
Browse Top Homes for Rent in Banks
Explore Banks
Banks, AL Local Guide
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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 $535. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Corners | 4 Bedroom 2 Bath Renovated | 4BR,2BA | $535 |
| Wooddale Apartments | Wooddale, Oakdale, Shady Oaks | 1BR,1BA | $625 |
| Camellia Commons | one bed | 1BR,1BA | $642 |
| Beaumont Reserve at Eastern | 1BR1BA | 1BR,1BA | $645 |
| Forest Haven Apartments | one bedroom | 1BR,1BA | $650 |
Best Value Apartments for Rent in Banks, AL and Nearby
As of April 26, 2026 the best value apartment in the Banks area is the $0.53 price per square foot Franklin Model at Ivy Row Troy in the starting from $825. The second greatest value Banks apartment is the Hamilton Model at Forest Acres starting at $1,049 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Ivy Row Troy | Franklin | 3BR,3.5BA | $0.53 |
| Forest Acres | Hamilton | 3BR,2BA | $0.91 |
| Elevate 5050 | The Montgomery | 2BR,2BA | $1.06 |
| Summer Court Townhomes | 2BR/1.5BA | 2BR,1.5BA | $0.91 |
| University Corners | 4 Bedroom 2 Bath Renovated | 4BR,2BA | $0.49 |
| Eastgate Landing Apartments | 2 Beds | 2BR,1BA | $0.89 |
| Beaumont Reserve at Eastern | 1BR1BA | 1BR,1BA | $0.81 |
| Heron Cove | 1 BEDROOM | 1BR,1BA | $1.06 |
| Camellia Commons | one bed (suite) | 1BR,1BA | $0.88 |
| Forest Haven Apartments | one bedroom | 1BR,1BA | $1.00 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Banks, AL Rentals by Map
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Frequently Asked Questions about Banks
What type of rentals are currently available in Banks?
There are currently 46 Apartments for Rent in Banks, AL with pricing that ranges from $479 to $2,075. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Banks ranging from $900 to $2,350.
What is the current price range for Rental Homes in Banks?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Banks ranges from $900 to $2,350 with an average monthly rent of $1,470.
How much are larger Three and Four Bedroom Rentals in Banks?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Banks range from $755 to $2,075, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $479.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.