Cheap Apartments for Rent in Banner, IL from $500 (40 Rentals)

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

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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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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1001 Veerman St
1 Bedroom Apartments

1001 Veerman St

1001 Veerman StPekin, IL 61554
  • Utilities Included
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1107 Pekin Ave
1 Bedroom Apartments

1107 Pekin Ave

1107 Pekin AveCreve Coeur, IL 61610
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2604 Pine St
1 Bedroom Apartments

2604 Pine St

2604 Pine StPekin, IL 61554
  • 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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301 N Carole Ave
1 Bedroom Apartments

301 N Carole Ave

301 N Carole AveHanna City, IL 61536

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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Cityscape Apartments
2 to 3 Bedroom Apartments

Cityscape Apartments

601 W Romeo B Garrett AvePeoria, IL 61605
  • Utilities Included
Showing Results 1-40, Page 1 of 1

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$725
Williamsburg TownhousesTwo Bedroom2BR,1BA$745
Civic Center Plaza ApartmentsStudioStudio,1BA$803
ASPEN BLUFF APARTMENTSOne Bedroom One Bathroom1BR,1BA$850
Westporte ApartmentsWP1B1BR,1BA$850
Marquette PlaceStudioStudio,1BA$880

Best Value Apartments for Rent in Banner, IL and Nearby

As of July 29, 2025 the best value apartment in the Banner area is the $1.15 price per square foot Four Bedroom/Two Bath Model at The Residences at Rosemary Crossing I in the starting from $1,720. 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.
The Residences at Rosemary Crossing IFour Bedroom/Two Bath4BR,2BA$1.15
Dunlap Falls ApartmentsHudson2BR,2BA$1.34
Haymeadow ApartmentsFarmstead2BR,1BA$1.16
Willow Oaks ApartmentsOne Bedroom1BR,1BA$1.00
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
Civic Center Plaza ApartmentsStudioStudio ,1BA$1.34
Williamsburg TownhousesOne Bedroom1BR,1BA$1.32

Quick Rent Budget Calculator

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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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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 $745 at Williamsburg Townhouses.

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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.

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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.