
Cheap Homes for Rent in Bannockburn, IL from $2,200 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Bannockburn.


550 Vine Ave

1250 Park Ave W

1978 Green Bay Rd
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.

146 W Inverrary Ln

621 Waukegan Rd

608 W Inverrary Ln

522 N Central Ave
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.
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 | $2,737 | $2,200 | $4,495 |
| Bannockburn 3 Bedroom Homes for Rent | $3,860 | $2,550 | $5,900 |
| Bannockburn 4 Bedroom Homes for Rent | $5,590 | $3,000 | $10,000+ |
| Bannockburn 5 Bedroom Homes for Rent | $5,225 | $4,500 | $5,950 |
| Bannockburn 6 Bedroom Homes for Rent | $20,000 | $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. 548-552 Sheridan Rd in the Fort Sheridan neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,600. 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 |
| 548-552 Sheridan Rd | Studio | Studio,1BA | $1,600 |
| Foxboro Apartments | Easton | 1BR,1BA | $1,616 |
Best Value Apartments for Rent in Bannockburn, IL and Nearby
As of June 21, 2026 the best value apartment in the Bannockburn area is the $2.51 price per square foot Center Unit Model at Townhomes at Pointe Drive in the in the North Northfield neighborhood starting from $3,995. The second greatest value Bannockburn apartment is the Two-Bed/Den Model at 444 Social starting at $3,325 with a $2.56 price per square foot . 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. |
|---|---|---|---|
| Townhomes at Pointe Drive | Center Unit | 3BR,2.5BA | $2.51 |
| 444 Social | Two-Bed/Den | 2BR,2BA | $2.56 |
| HIGHPOINT Highwood Station 440 | 2 Bed 2 Bath | 2BR,2BA | $2.59 |
| Arlington Club Apartments | B | 2BR,1BA | $2.51 |
| Foxboro Apartments | Fairfield | 2BR,1.25BA | $2.31 |
| One Wheeling Town Center | 1B1BA-1Q | 1BR,1BA | $2.56 |
| The Landing at Town Center | 1 Bed 1 Bath A | 1BR,1BA | $2.50 |
| Windbrooke Crossing | Laurel | 2BR,1BA | $2.56 |
| Hunt Club Apartments | Oak (1Bed G-R) | 1BR,1BA | $2.36 |
| Mandalane | 1A | 1BR,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 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 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 ArticleReal 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 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.
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 58 Apartments for Rent in Bannockburn, IL with pricing that ranges from $1,350 to $10,665. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bannockburn ranging from $2,200 to $20,000.
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 $2,200 to $20,000 with an average monthly rent of $7,482.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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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.

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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.