
Cheap Homes for Rent in Banner, IL from $400 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Banner.


2807 W Nevada St

2010 West Malone Street

2213 Stoneybrook Rd

103 E 2nd St
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.

305 N Pleasant View St

1220 W John H Gwynn Jr Ave

1516 S Lydia Ave

2005 S Stanley St

119 Vanburen Ct
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.

2203 W Howett St

1531 S Lydia Ave

1825 S Kneer Ave

2116 W Proctor St

2728 W Wyoming St
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.

2013 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 | $951 | $495 | $1,450 |
| Banner 3 Bedroom Homes for Rent | $1,288 | $695 | $1,900 |
Browse Top Homes for Rent in Banner
Explore Banner
Banner, IL Local Guide
- Nearby Cities
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Linn St Commons | 1BR/1BA | 1BR,1BA | $600 |
| 8710 W Main St | Studio | Studio,1BA | $600 |
| The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $650 |
| Hollow Hills | Studio | Studio,1BA | $700 |
| Willow Oaks Apartments | One Bedroom | 1BR,1BA | $760 |
Best Value Apartments for Rent in Banner, IL and Nearby
As of December 29, 2025 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 HCIV2D1FP Model at Hollow Creek IV Apartments starting at $1,450 with a $1.24 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sunset Hills Apartments | Sunset Hills | 3BR,2BA | $0.71 |
| Hollow Creek IV Apartments | HCIV2D1FP | 2BR,2BA | $1.24 |
| Stonecrest | 2 Bedroom | 2BR,1BA | $1.17 |
| Westporte Apartments | WP2B | 2BR,1BA | $1.21 |
| Willow Oaks Apartments | One Bedroom | 1BR,1BA | $1.04 |
| Haymeadow Apartments | Springhouse | 1BR,1BA | $1.25 |
| Elm Haven Place | Security Deposit Special ONLY $500.00! | 1BR,1BA | $1.28 |
| Linn St Commons | 1BR/1BA | 1BR,1BA | $0.87 |
| Hollow Hills | Studio | Studio ,1BA | $1.08 |
| The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $1.06 |
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 ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Banner, IL Rentals by Map
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 50 Apartments for Rent in Banner, IL with pricing that ranges from $547 to $2,500. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Banner ranging from $495 to $1,900.
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 $1,900 with an average monthly rent of $990.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!