Cheap Apartments for Rent in Bannockburn, IL from $1,200 (29 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
Pinetree Apartments
1 to 2 Bedroom Apartments

Pinetree Apartments

933-951 Waukegan RdDeerfield, IL 60015
  • Utilities Included
property at 696 Elm Pl

696 Elm Pl

Highland ParkIL60035

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.

Read Article
close
View Me
Windbrooke Crossing
1 to 2 Bedroom Apartments

Windbrooke Crossing

1160 Windbrooke DrBuffalo Grove, IL 60089
close
View Me
440 Green Bay Rd
1 to 3 Bedroom Apartments

440 Green Bay Rd

440 Green Bay RdHighwood, IL 60040
Showing Results 1-29, Page 1 of 1

Bannockburn, IL Local Guide

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 ListingModel NameBed/BathPriced From
Union Apartments2 Bedroom2BR,1BA$1,522
Mandalane1A1BR,1BA$1,639
Foxboro ApartmentsAstor1BR,1BA$1,649
Arrive North ShorePalmer1BR,1BA$1,745
Hunt Club ApartmentsOak (1Bed U-R)1BR,1BA$1,750
The Green at Chevy ChaseMedinah1BR,1BA$1,800
Uptown 500The Loop (S1)Studio,1BA$1,882
Albion Highland ParkS - WestStudio,1BA$1,950
Everleigh Vernon Hills 55+ Active Adult ApartmentsA31BR,1BA$1,950
Northgate Crossing of WheelingBerkshire1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Elm Street PlaceUnit C3BR,2.5BA$2.20
Renaissance Place in Highland Park2Bed/2Bath2BR,2BA$2.17
One Wheeling Town Center2B2BA+D-2D2BR,2BA$2.36
Ravinia Crossing2 Bed2BR,2BA$2.50
HIGHPOINT Highwood Station 5462 Bed 2 Bath2BR,2BA$2.37
Arlington Club ApartmentsC2BR,1.5BA$2.48
Union Apartments2 Bedroom2BR,1BA$1.69
Hunt Club ApartmentsOak (1Bed G-R)1BR,1BA$2.50
Foxboro ApartmentsEaston1BR,1BA$2.43
Mandalane1A1BR,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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle

Ranked #

Pet Friendliness Lifestyle Score

decorative image of woman handing cat to small boy

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

Explore Bannockburn, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Bannockburn, IL

View MapBannockburn, IL Apartments MapView MapBannockburn, IL Rental Homes Map

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.