Cheap Apartments for Rent in Banks, AL from $400 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Banks, AL Local Guide

Cheapest Available Banks Apartments for Rent and Nearby

 

The cheapest available apartment rental in Banks, AL is a 4 Beds unit found at University Corners priced from $450. Forest Haven Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Banks apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Corners4 Bedroom 2 Bath4BR,2BA$450
Forest Haven Apartmentsone bedroom1BR,1BA$600
Wooddale ApartmentsWooddale, Oakdale, Shady Oaks1BR,1BA$615
Willow Terrace ApartmentsThe Julianne1BR,1BA$650
Magnolia Trace2 BR2BR,2BA$680

Best Value Apartments for Rent in Banks, AL and Nearby

As of March 14, 2025 the best value apartment in the Banks area is the $0.95 price per square foot 3 BEDROOM Model at Heron Cove in the starting from $1,060. The second greatest value Banks apartment is the The Montgomery Model at Elevate 5050 starting at $1,062 with a $0.96 price per square foot in the Halcyon Park neighborhood. Here is today’s list of the best values for Banks apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Heron Cove3 BEDROOM3BR,2BA$0.95
Elevate 5050The Montgomery2BR,2BA$0.96
Summer Court Townhomes2BR/1.5BA2BR,1.5BA$0.89
The Pointe at Camellia CommonsTwo Bedroom Two Bath Model A (Patio/Balcony)2BR,2BA$1.10
Tapestry on VaughnB2 - Alon2BR,2BA$1.10
Beacon Ridge Apartments2BR/2BA2BR,2BA$0.91
Andrews Place Apartments2 Beds, 2 baths2BR,2BA$1.16
University Corners2x1 Renovated2BR,1BA$0.66
Willow Terrace ApartmentsThe Lexxie1BR,1BA$0.98
Forest Haven Apartmentsone bedroom1BR,1BA$0.92

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Banks, AL Rentals by Map

View MapBanks, AL Apartments MapView MapBanks, AL Rental Homes Map

Frequently Asked Questions about Cheap Banks Apartments

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

The lowest price for a Cheap One Bedroom Banks Apartment is $600 at Forest Haven Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Banks is starting from $520 at University Corners.

What is the most affordable Banks Three Bedroom Apartment?

The best deal on a cheap Banks Three Bedroom Apartment rental is at Willow Terrace Apartments and starts from $875.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.