Cheap Apartments for Rent near Bannockburn, IL from $1,300 (53 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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.

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AMLI Deerfield
$2,086 - $5,045
Total Monthly Price

Total Monthly Price

Base Rent
$2,086 - $5,045
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

AMLI Deerfield

1525 Lake Cook RdDeerfield, IL 60015
Furnished
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Albion Highland Park
$2,170 - $5,356
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Total Monthly Price

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$2,170 - $5,356
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Albion Highland Park

1850 Green Bay RdHighland Park, IL 60035
Student Living
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Cash 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.

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property at 901 Waukegan Rd

$2,600

Total Monthly Price

Total Monthly Price

Base Rent
$2,600
Total Monthly Price
$2,600

3 Bedroom, 2 Bath Townhome for Rent

Available Aug 1

901 Waukegan Rd, Unit B

901 Waukegan Rd
DeerfieldIL60015
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Foxboro Apartments
1 to 2 Bedroom Apartments

Foxboro Apartments

470 Foxboro DrWheeling, IL 60090
Corporate Housing

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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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.

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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 $1,588. 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$1,588
548-552 Sheridan RdStudioStudio,1BA$1,600
Mandalane1A1BR,1BA$1,639
Park Meadows Apartments1BR/1.0BA1BR,1BA$1,675
Arrive North ShorePalmer1BR,1BA$1,709
Arlington Club ApartmentsA1BR,1BA$1,710
The Green At Chevy Chase ApartmentsSt. Andrews1BR,1BA$1,750
The Wheatlands ApartmentsNormandy1BR,1BA$1,875
One Wheeling Town CenterStudios-1CStudio,1BA$1,928

Best Value Apartments for Rent in Bannockburn, IL and Nearby

As of July 16, 2026 the best value apartment in the Bannockburn area is the $2.32 price per square foot Hawthorn - Townhome Model at The Oaks Of Vernon Hills in the in the South Vernon Hills neighborhood starting from $4,184. The second greatest value Bannockburn apartment is the Center Unit Model at Townhomes at Pointe Drive starting at $3,995 with a $2.51 price per square foot in the North Northfield 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$2.32
Townhomes at Pointe DriveCenter Unit3BR,2.5BA$2.51
Northgate Crossing of WheelingDakota2BR,2BA$2.21
Arlington Club ApartmentsC2BR,1.5BA$2.53
The Landing at Town Center1 Bed 1 Bath D Renovated1BR,1BA$2.46
Park Meadows Apartments1BR/1.0BA1BR,1BA$2.24
The Green At Chevy Chase ApartmentsMedinah1BR,1BA$2.59
Foxboro ApartmentsEaston1BR,1BA$2.34
Hunt Club ApartmentsOak (1Bed G-R)1BR,1BA$2.36
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.

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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

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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

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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.

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

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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 $1,350 at Hunt Club 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 $2,954.

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

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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.

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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

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Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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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

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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.

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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.