Cheap Apartments for Rent in Banner, IL from $500 (40 Rentals)

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

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1107 Pekin Ave
1 Bedroom Apartments

1107 Pekin Ave

1107 Pekin AveCreve Coeur, IL 61610
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Cityscape Apartments
2 to 3 Bedroom Apartments

Cityscape Apartments

601 W Romeo B Garrett AvePeoria, IL 61605
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Banner, IL Local Guide

Cheapest Available Banner Apartments for Rent and Nearby

 

The cheapest available apartment rental in Banner, IL is a 1 Bed unit found at Linn St Commons in the Averyville neighborhood priced from $600. The Avenue Apartments in the Averyville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Banner apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Linn St Commons1BR/1BA1BR,1BA$600
The Avenue Apartments1B/ 1BA1BR,1BA$650
Hollow HillsStudioStudio,1BA$700
Williamsburg TownhousesTwo Bedroom2BR,1BA$785
301 N Carole Ave1 Bed 1 Bath1BR,1BA$795
ASPEN BLUFF APARTMENTSOne Bedroom One Bathroom1BR,1BA$800
Civic Center Plaza ApartmentsStudioStudio,1BA$803
Westporte ApartmentsWP1B1BR,1BA$850
Marquette PlaceStudioStudio,1BA$880
Elm HavenElm Small 1 - 11BR,1BA$895

Best Value Apartments for Rent in Banner, IL and Nearby

As of April 27, 2025 the best value apartment in the Banner area is the $1.18 price per square foot 4 bedroom/2 bath/2.5 car garage Model at Rosemary Crossing in the starting from $1,999. The second greatest value Banner apartment is the HCIV22FB Model at Hollow Creek IV Apartments starting at $1,300 with a $1.27 price per square foot in the Windchime neighborhood. Here is today’s list of the best values for Banner apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Rosemary Crossing4 bedroom/2 bath/2.5 car garage4BR,2BA$1.18
Hollow Creek IV ApartmentsHCIV22FB2BR,2BA$1.27
Brandywine Crossing Apartments2 Bedroom 2 Bath2BR,2BA$1.11
Haymeadow ApartmentsFarmstead2BR,1BA$1.10
Williamsburg TownhousesTwo Bedroom2BR,1BA$0.98
301 N Carole Ave1 Bed 1 Bath1BR,1BA$0.99
Elm HavenElm Small 1 - 11BR,1BA$1.28
Linn St Commons1BR/1BA1BR,1BA$0.87
Hollow HillsStudioStudio ,1BA$1.08
The Avenue Apartments1B/ 1BA1BR,1BA$1.06

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Getting Around Banner, IL

Bike Score®

23 / 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 Banner Apartments

What is the Cheapest Studio apartment in Banner?

Currently the most affordable Cheap Studio Apartment in Banner is at Hollow Hills listed at $700.

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

The lowest price for a Cheap One Bedroom Banner Apartment is $600 at Linn St Commons.

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

Today's best deal for a Cheap Two Bedroom Apartment in Banner is starting from $750 at The Avenue Apartments.

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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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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.