Cheap Apartments for Rent near Bannockburn, IL from $1,500 (46 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

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.

close
View Me
AMLI Deerfield
$2,024 - $4,814
Total Monthly Price

Total Monthly Price

Base Rent
$2,024 - $4,814

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

AMLI Deerfield

1525 Lake Cook RdDeerfield, IL 60015
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

close
View Me
Albion Highland Park
$2,171 - $6,478
Total Monthly Price

Total Monthly Price

Base Rent
$2,171 - $6,478

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Albion Highland Park

1850 Green Bay RdHighland Park, IL 60035
Family Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

close
View Me
914 Chestnut St, Unit 914
$2,600
Total Monthly Price

Total Monthly Price

Base Rent
$2,600

Total Monthly Price
$2,600
2 Bedroom Apartment Available Sep 12

914 Chestnut St, Unit 914

914 Chestnut StDeerfield, IL 60015
  • Smoke Free
close
View Me
Foxboro Apartments
1 to 2 Bedroom Apartments

Foxboro Apartments

470 Foxboro DrWheeling, IL 60090
Corporate Housing
close
View Me
Windbrooke Crossing
1 to 2 Bedroom Apartments

Windbrooke Crossing

1160 Windbrooke DrBuffalo Grove, IL 60089
Corporate Housing

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.

Bannockburn, IL Local Guide

Cheapest Available Bannockburn Apartments for Rent and Nearby

 

The cheapest available apartment rental in Bannockburn, IL is a 1 Bed unit found at Hunt Club Apartments in the Milwaukee Avenue neighborhood priced from $1,350. Foxboro Apartments in the Dundee Road neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,573. Here is today’s list of the most affordable Bannockburn apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hunt Club ApartmentsAsh (1 Bed U)1BR,1BA$1,350
Foxboro ApartmentsAstor1BR,1BA$1,573
548-552 Sheridan RdStudioStudio,1BA$1,600
Mandalane1A1BR,1BA$1,640
Park Meadows Apartments1BR/1.0BA1BR,1BA$1,675
Arlington Club ApartmentsA1BR,1BA$1,765
The Green At Chevy Chase ApartmentsMedinah1BR,1BA$1,860
The Wheatlands ApartmentsNormandy1BR,1BA$1,875
Uptown 500The Adler (S2)Studio,1BA$1,931
The 250 ResidencesA11BR,1BA$1,973

Best Value Apartments for Rent in Bannockburn, IL and Nearby

As of August 14, 2026 the best value apartment in the Bannockburn area is the $2.33 price per square foot Hawthorn - Townhome Model at The Oaks Of Vernon Hills in the in the South Vernon Hills neighborhood starting from $4,199. The second greatest value Bannockburn apartment is the 3BR/2.5BA Model at Webster Place starting at $4,072 with a $2.27 price per square foot in the Fort Sheridan neighborhood. Here is today’s list of the best values for Bannockburn apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Oaks Of Vernon HillsHawthorn - Townhome3BR,2.5BA$2.33
Webster Place3BR/2.5BA3BR,2.5BA$2.27
Northgate Crossing of WheelingEdison2BR,2BA$2.20
One Wheeling Town Center1B1BA+D-1E1BR,1BA$2.52
The Landing at Town Center1 Bed 1 Bath D Renovated*1BR,1BA$2.46
Renaissance Place in Highland Park1Bed/1Bath1BR,1BA$2.49
Hunt Club ApartmentsOak (1Bed U-R)1BR,1BA$2.06
Park Meadows Apartments1BR/1.0BA1BR,1BA$2.24
Foxboro ApartmentsEaston1BR,1BA$2.34
Mandalane1A1BR,1BA$2.40

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 Article
Decorative image

Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

Read Article

A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

Read Article
Decorative image

Real 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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Bannockburn, IL Rentals by Map

View Map
Bannockburn, IL Apartments Map
View Map
Bannockburn, IL Rental Homes Map

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 548-552 Sheridan Rd listed at $1,600.

How much is rent for a Cheap One Bedroom Bannockburn Apartment?

The lowest price for a Cheap One Bedroom Bannockburn Apartment is $1,573 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 $1,600 at Hunt Club Apartments.

What is the most affordable Bannockburn Three Bedroom Apartment?

The best deal on a cheap Bannockburn Three Bedroom Apartment rental is at One Wheeling Town Center and starts from $2,999.

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.

Helpful Local Expert Guides

decorative image for The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago article

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Written by: Nicole Harms

When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

decorative image for Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible article

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Written by: Nicole Harms

I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

decorative image for Chicago Relocation 101: Mastering Utilities, Registration, and the CTA article

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Written by: Nicole Harms

Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

decorative image for Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago article

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Written by: Nicole Harms

From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.