Cheap Homes for Rent in Banner, IL from $400 (10 Rentals)

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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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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

Best Value Apartments for Rent in Banner, IL and Nearby

As of July 31, 2025 the best value apartment in the Banner area is the $1.34 price per square foot Hudson Model at Dunlap Falls Apartments in the in the Windchime neighborhood starting from $1,340. The second greatest value Banner apartment is the 2 Bedroom 2 Bath G Model at Brandywine Crossing Apartments starting at $1,000 with a $1.06 price per square foot in the Averyville 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.
Dunlap Falls ApartmentsHudson2BR,2BA$1.34
Brandywine Crossing Apartments2 Bedroom 2 Bath G2BR,2BA$1.06
Haymeadow ApartmentsFarmstead2BR,1BA$1.16
Westporte ApartmentsWP2P2BR,1BA$1.21
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
Williamsburg TownhousesOne Bedroom1BR,1BA$1.32

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Frequently Asked Questions about Banner

What type of rentals are currently available in Banner?

There are currently 46 Apartments for Rent in Banner, IL with pricing that ranges from $575 to $2,400. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Banner ranging from $495 to $1,800.

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 $495 to $1,800 with an average monthly rent of $1,214.

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 $925 to $2,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $550 to $1,800. Four Bedroom Single-Family rentals are also available starting from $1,637 and Four Bedroom Apartments start at $1,000.

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 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.

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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.