
Cheap Homes for Rent near Banner, IL from $500 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Banner.


505 E Virginia Ave

824 W Mac Queen Ave

119 Vanburen Ct

412 E Arcadia Ave

730 E McClure Ave
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.

5812 W Farmington Rd

526 Fairholm Ave

602 W Loucks Ave

3119 W Willow Knolls Dr

1308 South Western Avenue

814 W McClure Ave
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.

2507 W Laura Ave
Banner, IL Local Guide

How much does it cost to rent a home in Banner?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Banner 2 Bedroom Homes for Rent | $1,283 | $575 | $3,000 |
| Banner 3 Bedroom Homes for Rent | $1,206 | $680 | $1,750 |
| Banner 4 Bedroom Homes for Rent | $1,079 | $528 | $1,395 |
| Banner 5 Bedroom Homes for Rent | $1,785 | $1,785 | $1,785 |
| Banner 6 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Browse Top Homes for Rent in Banner
Explore Banner
Banner, IL Local Guide
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Cheapest Available Banner Apartments for Rent and Nearby
 The cheapest available apartment rental in Banner, IL is a 2 Beds unit found at Cityscape in the Averyville neighborhood priced from $711. Willow Oaks Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $760. Here is today’s list of the most affordable Banner apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cityscape | 2 Bedroom | 2BR,2BA | $711 |
| Willow Oaks Apartments | One Bedroom | 1BR,1BA | $760 |
| The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $795 |
| Williamsburg Townhouses | One Bedroom | 1BR,1BA | $795 |
| Civic Center Plaza Apartments | Studio | Studio,1BA | $825 |
Best Value Apartments for Rent in Banner, IL and Nearby
As of July 22, 2026 the best value apartment in the Banner area is the $0.71 price per square foot Sunset Hills Model at Sunset Hills Apartments in the starting from $925. The second greatest value Banner apartment is the Three Bedroom/Two Bath Model at The Residences at Rosemary Crossing I starting at $1,620 with a $1.25 price per square foot . Here is today’s list of the best values for Banner apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sunset Hills Apartments | Sunset Hills | 3BR,2BA | $0.71 |
| The Residences at Rosemary Crossing I | Three Bedroom/Two Bath | 3BR,2BA | $1.25 |
| 107 NE Roanoke Ave | 3 Bedroom | 3BR,1BA | $1.27 |
| Cityscape | 2 Bedroom | 2BR,2BA | $0.70 |
| Brandywine Crossing Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $1.14 |
| Willow Oaks Apartments | One Bedroom | 1BR,1BA | $1.04 |
| Haymeadow Apartments | Springhouse | 1BR,1BA | $1.32 |
| The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $1.29 |
| Civic Center Plaza Apartments | Studio | Studio ,1BA | $1.38 |
| Williamsburg Townhouses | One Bedroom | 1BR,1BA | $1.37 |
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 ArticleReal 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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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Banner, IL
Frequently Asked Questions about Banner
What type of rentals are currently available in Banner?
There are currently 55 Apartments for Rent in Banner, IL with pricing that ranges from $547 to $2,300. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Banner ranging from $528 to $4,500.
What is the current price range for Rental Homes in Banner?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Banner ranges from $528 to $4,500 with an average monthly rent of $1,746.
How much are larger Three and Four Bedroom Rentals in Banner?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Banner range from $620 to $1,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $680 to $1,750. Four Bedroom Single-Family rentals are also available starting from $528 and Four Bedroom Apartments start at $630.
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

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.