Cheap Homes for Rent in Banks, OR from $1,100 (5 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

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

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.

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.

property at 2564 Hawthorne St

$1,550 - $1,695

1 To 2 Bedroom Rentals

Available Now

2564 Hawthorne St

Forest GroveOR97116

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 City Center Apartments in the Oakhurst South neighborhood priced from $1,344. Park Creek Village in the Oakhurst South neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,354. Here is today’s list of the most affordable Banks apartments for rent:

Apartment ListingModel NameBed/BathPriced From
City Center Apartments2x12BR,1BA$1,344
Park Creek VillageCALYPSO1BR,1BA$1,354
Quail Hollow ApartmentsTwo Bedroom2BR,1BA$1,375

Best Value Apartments for Rent in Banks, OR and Nearby

As of May 25, 2026 the best value apartment in the Banks area is the $1.63 price per square foot Cedar 3X2L Model at The Avery at Orenco Station in the in the Orenco neighborhood starting from $2,150. The second greatest value Banks apartment is the 3 BR Model at Cornelius Village Apartments starting at $2,228 with a $1.87 price per square foot in the West 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.
The Avery at Orenco StationCedar 3X2L3BR,2BA$1.63
Cornelius Village Apartments3 BR3BR,2BA$1.87
City Center Apartments2x12BR,1BA$1.15
24th & Main Apartments3 bed, 2 bath3BR,2BA$1.77
North RidgeDouglas2BR,2BA$1.83
Creekside at Tanasbourne Apartments2 Bed - 2 Bath2BR,2BA$1.69
Gateway CommonsTwo-Bedroom2BR,2BA$1.69
Brooks Terrace Townhomes2BR/1.5 BA2BR,1.5BA$1.80
Quail Hollow ApartmentsTwo Bedroom2BR,1BA$1.66
Park Creek VillageCALYPSO1BR,1BA$1.87

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 Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Banks, OR Rentals by Map

View Map
Banks, OR Apartments Map
View Map
Banks, OR Rental Homes Map

Frequently Asked Questions about Banks

What type of rentals are currently available in Banks?

There are currently 46 Apartments for Rent in Banks, OR with pricing that ranges from $1,249 to $3,012. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Banks ranging from $1,125 to $3,495.

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 $1,125 to $3,495 with an average monthly rent of $2,375.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.