
Cheap Apartments for Rent in Bannockburn, IL from $1,200 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in Bannockburn.


Arrive North Shore

Hunt Club Apartments
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.

The Green at Chevy Chase

The Atworth at Mellody Farm

The Wheatlands

Uptown 500

HIGHPOINT Highwood Station 546

Everleigh Vernon Hills 55+ Active Adult Apartments

Arlington Club Apartments

The 250 Residences

Albion Highland Park

Northgate Crossing of Wheeling
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.

AMLI Deerfield

The Domaine at Hawthorn Row

699 Elm Pl

444 Social

Woodview Apartments

The Oaks Of Vernon Hills

Renaissance Place in Highland Park
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.

Americana Apartments

696 Elm Pl
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.

342 Park Ave
Bannockburn, IL Local Guide

How much does it cost to rent an apartment in Bannockburn?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Bannockburn Studio Apartments | $2,649 | $1,825 | $7,245 |
Bannockburn 1 Bedroom Apartments | $2,666 | $1,639 | $6,149 |
Bannockburn 2 Bedroom Apartments | $3,663 | $1,795 | $10,000+ |
Bannockburn 3 Bedroom Apartments | $4,980 | $2,400 | $10,000+ |
Browse Top Apartments in Bannockburn
See all Apartments in BannockburnExplore Bannockburn
Bannockburn, IL Local Guide
- Nearby Cities
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Cheapest Available Bannockburn Apartments for Rent and Nearby
 The cheapest available apartment rental in Bannockburn, IL is a 2 Beds unit found at Union Apartments in the McHenry Road neighborhood priced from $1,522. Mandalane in the McHenry Road neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,639. Here is today’s list of the most affordable Bannockburn apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Union Apartments | 2 Bedroom | 2BR,1BA | $1,522 |
Mandalane | 1A | 1BR,1BA | $1,639 |
Foxboro Apartments | Astor | 1BR,1BA | $1,649 |
Arrive North Shore | Palmer | 1BR,1BA | $1,745 |
Hunt Club Apartments | Oak (1Bed U-R) | 1BR,1BA | $1,750 |
The Green at Chevy Chase | Medinah | 1BR,1BA | $1,800 |
Uptown 500 | The Loop (S1) | Studio,1BA | $1,882 |
Albion Highland Park | S - West | Studio,1BA | $1,950 |
Everleigh Vernon Hills 55+ Active Adult Apartments | A3 | 1BR,1BA | $1,950 |
Northgate Crossing of Wheeling | Berkshire | 1BR,1BA | $2,035 |
Best Value Apartments for Rent in Bannockburn, IL and Nearby
As of July 09, 2025 the best value apartment in the Bannockburn area is the $2.20 price per square foot Unit C Model at Elm Street Place in the in the Briergate Station neighborhood starting from $5,050. The second greatest value Bannockburn apartment is the 2Bed/2Bath Model at Renaissance Place in Highland Park starting at $3,600 with a $2.17 price per square foot in the Briergate Station neighborhood. Here is today’s list of the best values for Bannockburn apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Elm Street Place | Unit C | 3BR,2.5BA | $2.20 |
Renaissance Place in Highland Park | 2Bed/2Bath | 2BR,2BA | $2.17 |
One Wheeling Town Center | 2B2BA+D-2D | 2BR,2BA | $2.36 |
Ravinia Crossing | 2 Bed | 2BR,2BA | $2.50 |
HIGHPOINT Highwood Station 546 | 2 Bed 2 Bath | 2BR,2BA | $2.37 |
Arlington Club Apartments | C | 2BR,1.5BA | $2.48 |
Union Apartments | 2 Bedroom | 2BR,1BA | $1.69 |
Hunt Club Apartments | Oak (1Bed G-R) | 1BR,1BA | $2.50 |
Foxboro Apartments | Easton | 1BR,1BA | $2.43 |
Mandalane | 1A | 1BR,1BA | $2.40 |
Quick 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.
Pet Friendly Lifestyle
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Pet Friendliness Lifestyle Score
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Explore Bannockburn, IL Rentals by Map
See the most popular apartments and homes in Bannockburn, IL
Getting Around Bannockburn, IL
Walk Score®
27 / 100
Car-Dependent
Most errands require a car
Bike Score®
37 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
2 / 100
Minimal Transit
It may be possible to get on a bus
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 Bannockburn Apartments
What is the Cheapest Studio apartment in Bannockburn?
Currently the most affordable Cheap Studio Apartment in Bannockburn is at Uptown 500 listed at $1,882.
How much is rent for a Cheap One Bedroom Bannockburn Apartment?
The lowest price for a Cheap One Bedroom Bannockburn Apartment is $1,561 at Foxboro Apartments.
What is the lowest price for a Cheap Two Bedroom Bannockburn Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Bannockburn is starting from $1,522 at Union Apartments.
What is the most affordable Bannockburn Three Bedroom Apartment?
The best deal on a cheap Bannockburn Three Bedroom Apartment rental is at HIGHPOINT Highwood Station 440 and starts from $3,750.
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.

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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.

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.

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.