Cheap Apartments for Rent in Banks, OR from $1,200 (20 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.

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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Gateway Commons
1 to 3 Bedroom Apartments

Gateway Commons

181 SE 18th AveHillsboro, OR 97123
  • Utilities Included

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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Isabelle Terrace
Studio to 1 Bedroom Apartments

Isabelle Terrace

210 SE 9th AveHillsboro, OR 97123
  • Utilities Included
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177 SE 5th Ave
1 Bedroom Apartments

177 SE 5th Ave

177 SE 5th AveHillsboro, OR 97123

Banks, OR Local Guide

Cheapest Available Banks Apartments for Rent and Nearby

 

The cheapest available apartment rental in Banks, OR is a 2 Beds unit found at Quail Hollow Apartments priced from $1,375. Maple Terrace Apartments in the Oakhurst South neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,395. Here is today’s list of the most affordable Banks apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Quail Hollow ApartmentsTwo Bedroom2BR,1BA$1,375
Maple Terrace Apartments1 Bedroom 1 Bath1BR,1BA$1,395
The Boxer Apartments2 Bed 1 Bath2BR,1BA$1,450
Nexus at Orenco StationCrashpad1BR,1BA$1,486
Isabelle Terrace0BR/1.0BAStudio,1BA$1,500

Best Value Apartments for Rent in Banks, OR and Nearby

As of July 02, 2025 the best value apartment in the Banks area is the $1.90 price per square foot 2-Level Duplex 3x2.5 with Attached Garage Model at ReNew Rock Creek in the in the Gables Crossing neighborhood starting from $2,635. The second greatest value Banks apartment is the Floor Plan 8 - Three Bedroom Model at The Reserve at Fernhill starting at $2,400 with a $1.88 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.
ReNew Rock Creek2-Level Duplex 3x2.5 with Attached Garage3BR,2.5BA$1.90
The Reserve at FernhillFloor Plan 8 - Three Bedroom3BR,2BA$1.88
24th & Main Apartments3 bed, 2 bath3BR,2BA$1.86
Commons at Hawthorn Village ApartmentsBerkeley2BR,2BA$1.84
Quatama CrossingAbalone2BR,2BA$1.68
Jackson School VillageB12BR,2BA$1.81
Commons at Dawson Creek ApartmentsCambridge2BR,2BA$1.86
North RidgeCedar2BR,2BA$1.82
Park Creek VillageTRILLIUM2BR,2BA$1.81
Quail Hollow ApartmentsTwo Bedroom2BR,1BA$1.66

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Banks, OR Rentals by Map

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Getting Around Banks, OR

Walk Score®

26 / 100

Car-Dependent

Most errands require a car

Bike Score®

37 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

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 Isabelle Terrace listed at $1,500.

How much is rent for a Cheap One Bedroom Banks Apartment?

The lowest price for a Cheap One Bedroom Banks Apartment is $1,395 at Maple Terrace 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 $1,375 at Quail Hollow Apartments.

What is the most affordable Banks Three Bedroom Apartment?

The best deal on a cheap Banks Three Bedroom Apartment rental is at 24th & Main Apartments and starts from $2,050.

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.