
Cheap Homes for Rent in Bannockburn, IL from $1,700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Bannockburn.


342 Park Ave

2506 Green Bay Rd

870 Trace Dr

649 Trace Dr

423 Funston Ave

1988 Green Bay Rd

625 Deerfield Rd

232 S Central Ave

1121 Waukegan Rd
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 | $2,848 | $1,795 | $4,900 |
| Bannockburn 3 Bedroom Homes for Rent | $4,018 | $2,395 | $7,000 |
| Bannockburn 4 Bedroom Homes for Rent | $4,242 | $2,685 | $6,500 |
| Bannockburn 5 Bedroom Homes for Rent | $6,450 | $2,800 | $10,000+ |
| Bannockburn 6 Bedroom Homes for Rent | $10,500 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Bannockburn
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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 $1,498. 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 | $1,498 |
| Foxboro Apartments | Capri | 1BR,1BA | $1,555 |
Best Value Apartments for Rent in Bannockburn, IL and Nearby
As of October 26, 2025 the best value apartment in the Bannockburn area is the $1.82 price per square foot Center Unit Model at Townhomes at Pointe Drive in the in the North Northfield neighborhood starting from $4,295. The second greatest value Bannockburn apartment is the 3 Bedroom Model at Union Apartments starting at $2,200 with a $1.80 price per square foot in the McHenry Road 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. |
|---|---|---|---|
| Townhomes at Pointe Drive | Center Unit | 3BR,2.5BA | $1.82 |
| Union Apartments | 3 Bedroom | 3BR,2BA | $1.80 |
| Park Townhomes of Highland Park | 2BR/1.5BA | 2BR,1.5BA | $2.42 |
| The Wheatlands | Lorraine Deluxe | 2BR,2BA | $2.38 |
| Woodview Apartments | G1 | 2BR,2BA | $2.66 |
| Renaissance Place in Highland Park | 1Bed/1Bath | 1BR,1BA | $1.88 |
| Hunt Club Apartments | Oak (1Bed U-R) | 1BR,1BA | $2.06 |
| Arlington Club Apartments | A3 | 1BR,1BA | $2.36 |
| One Wheeling Town Center | 1B1BA-1A | 1BR,1BA | $2.63 |
| Mandalane | 1A | 1BR,1BA | $2.19 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Bannockburn
What type of rentals are currently available in Bannockburn?
There are currently 54 Apartments for Rent in Bannockburn, IL with pricing that ranges from $1,350 to $16,077. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bannockburn ranging from $1,795 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 $1,795 to $12,000 with an average monthly rent of $5,085.
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.

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.

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.