Cheap Apartments for Rent in Pana, IL from $400 (25 Rentals)

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Cheap Apartments in Pana.

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Butler Place
2 Bedroom Apartments

Butler Place

3100 Butler StSpringfield, IL 62703
  • Utilities Included
property at 205 North St

205 North St

RaymondIL62560

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Showing Results 1-25, 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. Moundford Terrace has the second lowest priced unit, which is a Studio apartment currently listed from $575. 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
Moundford TerraceEfficiencyStudio,1BA$575
Stones Crossing ApartmentsNice one bedroom efficiency apartment1BR,1BA$625
The Hickcox CollectionThe HickoxStudio,1BA$634
Safe Harbor PropertiesStudioStudio,1BA$675

Best Value Apartments for Rent in Pana, IL and Nearby

As of May 03, 2025 the best value apartment in the Pana area is the $0.92 price per square foot 2 Bedroom 2 Bath Model at Prairie Vista in the starting from $1,200. The second greatest value Pana apartment is the Townhome Model at Ravenwood Townhomes starting at $875 with a $0.88 price per square foot . 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.
Prairie Vista2 Bedroom 2 Bath2BR,2BA$0.92
Ravenwood TownhomesTownhome2BR,1.5BA$0.88
Denison PlaceOne Bedroom1BR,1BA$0.84
Butler Place2 Beds, 1 Baths2BR,1BA$0.87
CandlesA11BR,1BA$1.10
2474 N Florian1st Floor2BR,1.5BA$1.13
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07
Decatur Flats Apartments1BR/1.0BA1BR,1BA$1.01
Timber CoveThe Yawl1BR,1BA$1.04
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$0.69

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

Explore Pana, IL Rentals by Map

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See the most popular apartments and homes in Pana, IL

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Getting Around Pana, IL

Walk Score®

50 / 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 Moundford Terrace listed at $575.

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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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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.