200 Carroll St
PawneeIL62558
Cheap Homes for Rent in Pana, IL from $600 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Pana.
759 E Lawrence St
DecaturIL62521
205 North St
RaymondIL62560
821 N Oakland Ave
DecaturIL62522
830 E Rogers Ave
DecaturIL62521
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.
615 Harper Ave
DecaturIL62526
913 N Taylorville Blvd
TaylorvilleIL62568
1363 E Johns Ave
DecaturIL62521
401 S 19th St
DecaturIL62521
1665 N Union St
DecaturIL62526
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.
1274 W Green St
DecaturIL62522
117 S Elder Ln
DecaturIL62522
111 S Elder Ln
DecaturIL62522
1091 N Oakcrest Ave.
DecaturIL62522
249 N 17th St
DecaturIL62521
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.
Showing Results 1-15, Page 1 of 1
Pana, IL Local Guide
Chruch in Pana by Matt Turner is licensed under CC BY 2.0
How much does it cost to rent a home in Pana?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pana 2 Bedroom Homes for Rent | $1,077 | $650 | $2,300 |
| Pana 3 Bedroom Homes for Rent | $1,409 | $695 | $2,495 |
| Pana 4 Bedroom Homes for Rent | $1,800 | $1,550 | $2,050 |
Browse Top Homes for Rent in Pana
Explore Pana
Pana, IL Local Guide
- Nearby Cities
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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. Westport Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $484. Here is today’s list of the most affordable Pana apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $421 |
| Westport Apartments | One Bedroom | 1BR,1BA | $484 |
| Roosevelt School Apartments | Studio | Studio,1BA | $502 |
| Stones Crossing Apartments | Nice one bedroom efficiency apartment | 1BR,1BA | $600 |
| Whispering Pines Apartments | 1 Bed, 1 Bath - Essential | 1BR,1BA | $600 |
Best Value Apartments for Rent in Pana, IL and Nearby
As of May 24, 2026 the best value apartment in the Pana area is the $1.00 price per square foot 3BR/2.0BA Model at Decatur Flats Apartments in the starting from $1,299. The second greatest value Pana apartment is the 3 Bedroom 1 baths Model at Lake Land Living starting at $535 with a $0.47 price per square foot . Here is today’s list of the best values for Pana apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Decatur Flats Apartments | 3BR/2.0BA | 3BR,2BA | $1.00 |
| Lake Land Living | 3 Bedroom 1 baths | 3BR,1BA | $0.47 |
| The Boulevard Townhomes | Townhouse | 2BR,1.5BA | $1.04 |
| Oakwood Estates | Two Bedroom One Bath | 2BR,1BA | $0.87 |
| 2474 N Florian | 10 | 2BR,1.5BA | $1.13 |
| The Raymond Apartments | Two bedroom | 2BR,1BA | $1.00 |
| Kingsbury Campus Apartments | 2 Beds, 1 Bath Model | 2BR,1BA | $1.05 |
| Westport Apartments | One Bedroom | 1BR,1BA | $0.71 |
| RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $0.69 |
| Stones Crossing Apartments | Very nice and updated one bedroom for rent!!!!! | 1BR,1BA | $1.16 |
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 Article
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.
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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See the most popular apartments and homes in Pana, IL
Frequently Asked Questions about Pana
What type of rentals are currently available in Pana?
There are currently 50 Apartments for Rent in Pana, IL with pricing that ranges from $482 to $2,110. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pana ranging from $650 to $2,495.
What is the current price range for Rental Homes in Pana?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Pana ranges from $650 to $2,495 with an average monthly rent of $1,246.
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.
Articles, How-To's, and Tips
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.