
Cheap Homes for Rent in Pana, IL from $400 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Pana.


200 Carroll St

205 North St

1208 W Johnson St

1236 E Moore St

1014 W Vandeveer St

103 S Elder Ln

341 S Haworth Ave

404 E Madison St
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.

1312 E Logan St

1363 E Johns Ave

111 S Elder Ln

401 S 19th St

955 N Dunham St

952 N Taylor Ave

6 Tamaroa Dr

913 N Taylorville Blvd

1574 N Warren 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.
Pana, IL Local Guide

How much does it cost to rent a home in Pana?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Pana 2 Bedroom Homes for Rent | $960 | $650 | $1,990 |
Pana 3 Bedroom Homes for Rent | $1,197 | $898 | $1,400 |
Pana 4 Bedroom Homes for Rent | $2,930 | $2,495 | $3,500 |
Pana 6 Bedroom Homes for Rent | $400 | $400 | $400 |
Browse Top Homes for Rent in Pana
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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 | $628 |
Safe Harbor Properties | Studio | Studio,1BA | $675 |
Best Value Apartments for Rent in Pana, IL and Nearby
As of May 10, 2025 the best value apartment in the Pana area is the $0.88 price per square foot Townhome Model at Ravenwood Townhomes in the starting from $875. The second greatest value Pana apartment is the The Whitehall Model at Timber Cove starting at $855 with a $0.95 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. |
---|---|---|---|
Ravenwood Townhomes | Townhome | 2BR,1.5BA | $0.88 |
Timber Cove | The Whitehall | 2BR,1BA | $0.95 |
Decatur Flats Apartments | 2BR/1.0BA | 2BR,1BA | $0.86 |
Candles | A1 | 1BR,1BA | $1.10 |
Denison Place | One Bedroom | 1BR,1BA | $0.84 |
2474 N Florian | 1st Floor | 2BR,1.5BA | $1.13 |
Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.07 |
Safe Harbor Properties | Studio | Studio ,1BA | $1.08 |
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 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Pana
What type of rentals are currently available in Pana?
There are currently 39 Apartments for Rent in Pana, IL with pricing that ranges from $507 to $1,762. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pana ranging from $400 to $3,500.
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 $400 to $3,500 with an average monthly rent of $1,221.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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.