
Cheap Homes for Rent in Bannockburn, IL from $1,600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Bannockburn.


1179 Deerfield Rd

1149 Deerfield Rd, Unit A
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.

423 Funston Ave

625 Deerfield Rd

104 Michigan Ave
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.
Bannockburn, IL Local Guide

How much does it cost to rent a home in Bannockburn?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Bannockburn 2 Bedroom Homes for Rent | $3,072 | $1,850 | $4,500 |
| Bannockburn 3 Bedroom Homes for Rent | $4,034 | $2,395 | $7,000 |
| Bannockburn 4 Bedroom Homes for Rent | $5,471 | $2,685 | $8,000 |
| Bannockburn 5 Bedroom Homes for Rent | $6,540 | $2,800 | $10,000+ |
| Bannockburn 6 Bedroom Homes for Rent | $10,500 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Bannockburn
Explore Bannockburn
Bannockburn, IL Local Guide
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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. Mandalane in the McHenry Road neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,381. Here is today’s list of the most affordable Bannockburn apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hunt Club Apartments | Ash (1 Bed U) | 1BR,1BA | $1,350 |
| Mandalane | 1A | 1BR,1BA | $1,381 |
| Foxboro Apartments | Astor | 1BR,1BA | $1,533 |
Best Value Apartments for Rent in Bannockburn, IL and Nearby
As of December 11, 2025 the best value apartment in the Bannockburn area is the $2.46 price per square foot R Model at The Residences at Amberley Woods in the in the Downtown Lake Forest neighborhood starting from $6,550. The second greatest value Bannockburn apartment is the Center Unit Model at Townhomes at Pointe Drive starting at $4,295 with a $1.82 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Residences at Amberley Woods | R | 3BR,3BA | $2.46 |
| Townhomes at Pointe Drive | Center Unit | 3BR,2.5BA | $1.82 |
| Elm Street Place | Unit B | 3BR,2.5BA | $2.22 |
| The Landing at Town Center | 2 Bed 2 Bath C Renovated | 2BR,2BA | $2.28 |
| Union Apartments | 3 Bedroom | 3BR,2BA | $1.80 |
| The Wheatlands Apartments | Lorraine Deluxe | 2BR,2BA | $2.41 |
| Renaissance Place in Highland Park | 1Bed/1Bath | 1BR,1BA | $1.98 |
| Foxboro Apartments | Fairfield | 2BR,1.25BA | $2.39 |
| Hunt Club Apartments | Oak (1Bed U-R) | 1BR,1BA | $2.06 |
| Mandalane | 1A | 1BR,1BA | $2.02 |
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 ArticleBest 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 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 ArticleA 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 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.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Bannockburn, IL Rentals by Map
See the most popular apartments and homes in Bannockburn, IL
Frequently Asked Questions about Bannockburn
What type of rentals are currently available in Bannockburn?
There are currently 55 Apartments for Rent in Bannockburn, IL with pricing that ranges from $1,350 to $16,077. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bannockburn ranging from $1,695 to $12,000.
What is the current price range for Rental Homes in Bannockburn?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Bannockburn ranges from $1,695 to $12,000 with an average monthly rent of $5,283.
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

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.

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.

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.

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

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!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.