Cheap Apartments for Rent in Banner, IL from $500 (45 Rentals)

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

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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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.

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1001 Veerman St
1 Bedroom Apartments

1001 Veerman St

1001 Veerman StPekin, IL 61554
  • Utilities Included
property at 119 Vanburen Ct

119 Vanburen Ct

CantonIL61520
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2604 Pine St
Studio to 1 Bedroom Apartments

2604 Pine St

2604 Pine StPekin, IL 61554
  • Utilities Included

The 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.

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1107 Pekin Ave
1 Bedroom Apartments

1107 Pekin Ave

1107 Pekin AveCreve Coeur, IL 61610
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301 N Carole Ave
1 Bedroom Apartments

301 N Carole Ave

301 N Carole AveHanna City, IL 61536

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.

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443 W High St
1 to 2 Bedroom Apartments

443 W High St

443 W High StPeoria, IL 61606
  • Utilities Included
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Cityscape Apartments
2 to 3 Bedroom Apartments

Cityscape Apartments

601 W Romeo B Garrett AvePeoria, IL 61605
  • Utilities Included

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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Banner, IL Local Guide

Cheapest Available Banner Apartments for Rent and Nearby

 

The cheapest available apartment rental in Banner, IL is a 1 Bed unit found at Linn St Commons in the Averyville neighborhood priced from $600. 8710 W Main St has the second lowest priced unit, which is a Studio apartment currently listed from $600. Here is today’s list of the most affordable Banner apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Linn St Commons1BR/1BA1BR,1BA$600
8710 W Main StStudioStudio,1BA$600
The Avenue Apartments1B/ 1BA1BR,1BA$650
Hollow HillsStudioStudio,1BA$700
Willow Oaks ApartmentsOne Bedroom1BR,1BA$760
Williamsburg TownhousesOne Bedroom1BR,1BA$795
Civic Center Plaza ApartmentsStudioStudio,1BA$803
Timberlane ApartmentsPrimrose1BR,1BA$861
Forrest Edge Apartments2 bed 1.5 bath2BR,1BA$875
Marquette PlaceStudioStudio,1BA$880

Best Value Apartments for Rent in Banner, IL and Nearby

As of September 15, 2025 the best value apartment in the Banner area is the $0.81 price per square foot 1 BR Model at 511 W High St in the in the Averyville neighborhood starting from $950. The second greatest value Banner apartment is the Hudson Model at Dunlap Falls Apartments starting at $1,340 with a $1.34 price per square foot in the Windchime neighborhood. Here is today’s list of the best values for Banner apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
511 W High St1 BR1BR,1BA$0.81
Dunlap Falls ApartmentsHudson2BR,2BA$1.34
ASPEN BLUFF APARTMENTSTwo Bedrooms Two Bathroom2BR,2BA$1.20
Haymeadow ApartmentsFarmstead2BR,1BA$1.16
Westporte ApartmentsWP2B2BR,1BA$1.27
Willow Oaks ApartmentsOne Bedroom1BR,1BA$1.04
Elm Haven PlaceUP TO $2250 OFF rent OR 2 FREE months rent YOU ...1BR,1BA$1.28
Linn St Commons1BR/1BA1BR,1BA$0.87
Hollow HillsStudioStudio ,1BA$1.08
The Avenue Apartments1B/ 1BA1BR,1BA$1.06

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

Explore Banner, IL Rentals by Map

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Getting Around Banner, IL

Bike Score®

23 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Banner Apartments

What is the Cheapest Studio apartment in Banner?

Currently the most affordable Cheap Studio Apartment in Banner is at 8710 W Main St listed at $600.

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

The lowest price for a Cheap One Bedroom Banner Apartment is $600 at Linn St Commons.

What is the lowest price for a Cheap Two Bedroom Banner Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Banner is starting from $750 at The Avenue Apartments.

What is the most affordable Banner Three Bedroom Apartment?

The best deal on a cheap Banner Three Bedroom Apartment rental is at Hollow Hills and starts from $1,100.

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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.