
Cheap Apartments for Rent in Banks, AR from $400 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in Banks.


The Dels Magnolia

Sunset Village

The Dels El Dorado

Total Monthly Price
Gran Creûx Estate

New Studio One LLC

Indiandale Apartments

Terrace Villa

Pine Valley Apartments
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.

Camelot Apartments and Townhomes

Kirklin Heights Apartments

Cambridge Place Apartments

Oak Creek Apartment

Ridgway Estates

Higdon Ferry Apartments

Grand Point Bay Apartments

Meadowview Apartments

Chapel Ridge of Hot Springs
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.

Ashley Kate Apartments

Ridgewood

Earl’s Point Condominiums

Somerset Apartments

Forrest Hills Apartments

125 Oak Street apartments

Village Square of Hot Springs

The Pointe! at Hot Springs

Ouachita Commons
Cash 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.

9634 Flowers Rd

Jefferson Court

1807 W 27th Ave

10708 Shelton Rd

1002 Robert St

11 Shirley St

4417 W 13th Ave

2001 W 28th Ave

Seasons Apartments
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.

Meadowbrook Apartments

2310 W 25th Ave

1306 S Louisiana St

107 Lake Terrace Road

White Hall Estates

Jefferson Terrace Apartments

107 S Beech St

850 Field Ave NW

Peaks at Hot Springs
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.

3500 S Poplar St

1305 Collins Dr

3300 Lilac St

153 Rocky Reef Cir
Banks, AR Local Guide

How much does it cost to rent an apartment in Banks?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Banks Studio Apartments | $668 | $475 | $1,400 |
| Banks 1 Bedroom Apartments | $888 | $530 | $1,863 |
| Banks 2 Bedroom Apartments | $939 | $700 | $1,950 |
| Banks 3 Bedroom Apartments | $1,281 | $795 | $2,500 |
| Banks 4 Bedroom Apartments | $1,445 | $1,165 | $1,900 |
Browse Top Apartments in Banks
See all Apartments in BanksExplore Banks
Banks, AR Local Guide
- Nearby Cities
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Cheapest Available Banks Apartments for Rent and Nearby
 The cheapest available apartment rental in Banks, AR is a 3 Beds unit found at Preston Apartments priced from $473. The Dels Magnolia has the second lowest priced unit, which is a Studio apartment currently listed from $475. Here is today’s list of the most affordable Banks apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Preston Apartments | 3BD 2BTH | 3BR,2BA | $473 |
| The Dels Magnolia | Studio, 1 bath | Studio,1BA | $475 |
| Sunset Village | STUDS | Studio,1BA | $510 |
| The Dels El Dorado | Studio | Studio,1BA | $545 |
| Gran Creûx Estate | STUDIO | Studio,1BA | $550 |
| New Studio One LLC | Studio, 1 bath | Studio,1BA | $595 |
| Indiandale Apartments | EEF Small R | 1BR,1BA | $650 |
| Jefferson Court | 1 Bedroom | 1BR,1BA | $650 |
| Terrace Villa | 1BR/1BA | 1BR,1BA | $700 |
| Pine Valley Apartments | 1 Bedroom | 1BR,1BA | $725 |
Best Value Apartments for Rent in Banks, AR and Nearby
As of June 08, 2026 the best value apartment in the Banks area is the $1.03 price per square foot 3 bed 2 bath Model at 125 Oak Street apartments in the starting from $1,850. The second greatest value Banks apartment is the 3Bed2Bath Model at Earl’s Point Condominiums starting at $1,325 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. |
|---|---|---|---|
| 125 Oak Street apartments | 3 bed 2 bath | 3BR,2BA | $1.03 |
| Earl’s Point Condominiums | 3Bed2Bath | 3BR,2BA | $0.91 |
| Preston Apartments | 3BD 2BTH | 3BR,2BA | $0.40 |
| Chapel Ridge of Hot Springs | 3/2 | 3BR,2BA | $1.05 |
| Camelot Apartments and Townhomes | 2.2 | 2BR,2BA | $0.91 |
| Seasons Apartments | 2 Bedroom 1.5 Bath | 2BR,1.5BA | $0.87 |
| Ashley Kate Apartments | 2BR/1BA | 2BR,1BA | $1.01 |
| Terrace Villa | 1BR/1BA | 1BR,1BA | $0.91 |
| Jefferson Court | 1 Bedroom | 1BR,1BA | $0.91 |
| Pine Valley Apartments | 1 Bedroom | 1BR,1BA | $1.06 |
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.
Read ArticleReal 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.
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, AR Rentals by Map
See the most popular apartments and homes in Banks, AR
Frequently Asked Questions about Cheap Banks Apartments
What is the Cheapest Studio apartment in Banks?
Currently the most affordable Cheap Studio Apartment in Banks is at The Dels Magnolia listed at $475.
How much is rent for a Cheap One Bedroom Banks Apartment?
The lowest price for a Cheap One Bedroom Banks Apartment is $530 at Sunset Village.
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 $700 at Sunset Village.
What is the most affordable Banks Three Bedroom Apartment?
The best deal on a cheap Banks Three Bedroom Apartment rental is at Preston Apartments and starts from $473.
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

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.