Cheap Apartments for Rent in Pana, IL from $400 (27 Rentals)

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

property at 205 North St

205 North St

RaymondIL62560
Showing Results 1-27, Page 1 of 1

Pana, IL Local Guide

Cheapest Available Pana Apartments for Rent and Nearby

 

The cheapest available apartment rental in Pana, IL is a 1 Bed unit found at RESERVE AT LAKEVIEW priced from $421. Roosevelt School Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $461. Here is today’s list of the most affordable Pana apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$421
Roosevelt School Apartments1 Bedroom1BR,1BA$461
Stones Crossing ApartmentsNice one bedroom efficiency apartment1BR,1BA$625
The Hickox CollectionThe HickoxStudio,1BA$628
Moundford Terrace1 Bedroom 1 Bath1BR,1BA$655
Whispering Pines ApartmentsWhispering Pines Apartments – 1 Bed, 1 Bath Ess...1BR,1BA$700
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$799
Smart Choice Park1 Bedroom Unit-Standard1BR,1BA$875
Ravenwood TownhomesTownhome2BR,1BA$875
Safe Harbor Properties1 Bdr 1 Bath with Balcony. WiFi Included.1BR,1BA$875

Best Value Apartments for Rent in Pana, IL and Nearby

As of September 15, 2025 the best value apartment in the Pana area is the $0.88 price per square foot Townhome Model at Ravenwood Townhomes in the starting from $875. The second greatest value Pana apartment is the Downtown Model at Safe Harbor Properties starting at $930 with a $1.03 price per square foot in the Downtown Springfield neighborhood. Here is today’s list of the best values for Pana apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ravenwood TownhomesTownhome2BR,1.5BA$0.88
Safe Harbor PropertiesDowntown1BR,1BA$1.03
2474 N FlorianUnit 112BR,1.5BA$1.06
721 South Grand Ave WOne Bedroom1BR,1BA$1.24
Roosevelt School Apartments1 Bedroom1BR,1BA$0.61
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07
Smart Choice Park1 Bedroom Unit-Standard1BR,1BA$1.25
Moundford Terrace1 Bedroom 1 Bath1BR,1BA$1.07
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$0.69
Stones Crossing ApartmentsVery nice and updated one bedroom for rent!!!!!1BR,1BA$1.16

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Getting Around Pana, IL

Walk Score®

51 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

45 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Pana Apartments

What is the Cheapest Studio apartment in Pana?

Currently the most affordable Cheap Studio Apartment in Pana is at Roosevelt School Apartments listed at $469.

How much is rent for a Cheap One Bedroom Pana Apartment?

The lowest price for a Cheap One Bedroom Pana Apartment is $421 at RESERVE AT LAKEVIEW.

What is the lowest price for a Cheap Two Bedroom Pana Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Pana is starting from $507 at RESERVE AT LAKEVIEW.

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.

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.