Cheap Apartments for Rent in Banks, OR from $1,300 (50 Rentals)

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

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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Nexus at Orenco Station
Rent Specials
$1,548 - $2,880

Total Monthly Price

Base Rent$1,548 - $2,880
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Nexus at Orenco Station

1299 NE Orenco Station PkyHillsboro, OR 97124
Corporate Housing
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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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Gateway Commons
1 to 3 Bedroom Apartments

Gateway Commons

181 SE 18th AveHillsboro, OR 97123
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Park Creek Village
1 to 3 Bedroom Apartments

Park Creek Village

2065 SE 44th AveHillsboro, OR 97123
Corporate Housing
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Vector
Studio to 2 Bedroom Apartments

Vector

967 NE Orenco Station LoopHillsboro, OR 97124
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Platform 14
Studio to 2 Bedroom Apartments

Platform 14

1030 NE Orenco Station PkyHillsboro, OR 97124
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Rowlock
Studio to 2 Bedroom Apartments

Rowlock

6380 NE Cherry DrHillsboro, OR 97124

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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Troy building
1 to 2 Bedroom Apartments

Troy building

238-242 SE Washington StHillsboro, OR 97123

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.

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Banks, OR Local Guide

Cheapest Available Banks Apartments for Rent and Nearby

 

The cheapest available apartment rental in Banks, OR is a 1 Bed unit found at Villager Apartments priced from $1,348. Forestplace Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $1,350. Here is today’s list of the most affordable Banks apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Villager Apartments1 Bedroom 1 Bath1BR, 1BA$1,348
Forestplace Apartment HomesAgateStudio, 1BA$1,350
City Center Apartments1x11BR, 1BA$1,356
Isabelle Terrace1BR/1.0BA1BR, 1BA$1,375
The Boxer Apartments2 Bed 1 Bath2BR, 1BA$1,375
Gateway CommonsOne-Bedroom1BR, 1BA$1,396
Park Creek VillageCALYPSO1BR, 1BA$1,407
Quatama CrossingOpal1BR, 1BA$1,415
Hampshire Downs Apartments - North JFA2One Bedroom1BR, 1BA$1,430
West Main at the Park1x11BR, 1BA$1,450

Best Value Apartments for Rent in Banks, OR and Nearby

As of September 18, 2026 the best value apartment in the Banks area is the $1.73 price per square foot F Model at 4th Main in the Oakhurst South neighborhood starting from $2,120. The second greatest value Banks apartment is the 3 BR Model at Cornelius Village Apartments in the West neighborhood starting at $2,228 with a $1.87 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.
4th MainF3BR, 2BA$1.73
Cornelius Village Apartments3 BR3BR, 2BA$1.87
Creekside at Tanasbourne Apartments2 Bed - 2 Bath2BR, 2BA$1.72
Jackson School VillageB12BR, 2BA$1.91
Commons at Dawson Creek ApartmentsCambridge2BR, 2BA$1.81
Brooks Terrace Townhomes2BR/1.5 BA2BR, 1.5BA$1.74
The Colonnade Luxury Townhome ApartmentsHarlequin1BR, 1BA$1.91
City Center Apartments1x11BR, 1BA$1.75
Belmar CommonsBelmar Commons 1x1. SIX WEEKS FREE, APPLY TODAY!1BR, 1BA$1.94
Hampshire Downs Apartments - North JFA2One Bedroom1BR, 1BA$1.94

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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.

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Banks, OR

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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 $1,348 at Villager 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 The Boxer Apartments.

What is the most affordable Banks Three Bedroom Apartment?

The best deal on a cheap Banks Three Bedroom Apartment rental is at 4th Main and starts from $2,120.

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

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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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.