Google now has an AdWords display ad builder. It makes it possible for you to create what Google says are professional-looking display ads in AdWords without starting from scratch or hiring a designer.
According to Google:
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This new tool lets you create customized display ads with your own text, images, and logo. You can also change colors and backgrounds. The tool can create ads to fit all possible placements across the Google content network, including video and game placements. The display ad builder is available now to all advertisers in the U.S. and Canada.
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Google has a video tutorial
You can also learn more here
Google AdWords: Display Ads 101