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


Moundford Terrace

Watch Street

Stones Crossing Apartments

Hunter Glen Apartments

The Hickcox Collection

Timber Cove

Woodcrest Apartment Homes

Safe Harbor Properties
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Decatur Flats Apartments

Hickory Point Apartments

Meadow View Landing

Lincoln Tower Apartments

1383 W Main St

200 Carroll St

1208 W Johnson St

205 North St

1054 E Clay St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

511 W North 2nd St

103 S Elder Ln

1236 E Moore St

1014 W Vandeveer St

1312 E Logan St
Pana, IL Local Guide

How much does it cost to rent an apartment in Pana?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Pana Studio Apartments | $686 | $575 | $823 |
Pana 1 Bedroom Apartments | $832 | $575 | $1,350 |
Pana 2 Bedroom Apartments | $978 | $507 | $1,750 |
Pana 3 Bedroom Apartments | $1,310 | $895 | $1,798 |
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Pana, IL Local Guide
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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. 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $421 |
Moundford Terrace | Efficiency | Studio,1BA | $575 |
Stones Crossing Apartments | Nice one bedroom efficiency apartment | 1BR,1BA | $625 |
The Hickcox Collection | The Hickox | Studio,1BA | $634 |
Safe Harbor Properties | Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Prairie Vista | 2 Bedroom 2 Bath | 2BR,2BA | $0.92 |
Ravenwood Townhomes | Townhome | 2BR,1.5BA | $0.88 |
Denison Place | One Bedroom | 1BR,1BA | $0.84 |
Butler Place | 2 Beds, 1 Baths | 2BR,1BA | $0.87 |
Candles | A1 | 1BR,1BA | $1.10 |
2474 N Florian | 1st Floor | 2BR,1.5BA | $1.13 |
Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.07 |
Decatur Flats Apartments | 1BR/1.0BA | 1BR,1BA | $1.01 |
Timber Cove | The Yawl | 1BR,1BA | $1.04 |
RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $0.69 |
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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.

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.

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.

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.

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.