Cheap Apartments for Rent in Lebanon, IL from $600 (34 Rentals)

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Up Towne Apartments
2 to 3 Bedroom Apartments

Up Towne Apartments

110 Northtowne StLebanon, IL 62254
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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215 anderson lane A
1 to 2 Bedroom Apartments

215 anderson lane A

215-223 Anderson LnShiloh, IL 62221
  • Utilities Included
property at 106 Lee Dr

$1,025

2 Bedroom Rentals

Available Now

106 Lee Dr

O'FallonIL62269

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Showing Results 1-34, Page 1 of 1

Lebanon, IL Local Guide

Cheapest Available Lebanon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lebanon, IL is a 2 Beds unit found at Cedars of Lebanon Apartments in the Metro East neighborhood priced from $200. Flax Meadow Townhomes has the second lowest priced unit, which is a 2 Beds apartment currently listed from $715. Here is today’s list of the most affordable Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedars of Lebanon ApartmentsTwo Bedroom2BR,1BA$200
Flax Meadow TownhomesTwo Bed2BR,1BA$715
Lakewood Estates1 Bedroom1BR,1BA$750
Bouse Apartment Homes1 Bedroom 1 Bath1BR,1BA$845
Shiloh Commons HoldingsA1 1 Bed | 1 Bath1BR,1BA$994
Linwood ApartmentsTwo Bed One Bath2BR,1BA$1,000
Green Door ApartmentsSave up to $500 off Move In Costs with your EXC...1BR,1BA$1,000
Shadow Ridge Apartments1 Bed- 750 sq ft1BR,1BA$1,050
The Meadows at Shadow Ridge1.1- 612 sq ft1BR,1BA$1,050
1400 Sangamon Dr2 Beds, 2 baths2BR,2BA$1,095

Best Value Apartments for Rent in Lebanon, IL and Nearby

As of June 26, 2026 the best value apartment in the Lebanon area is the $1.18 price per square foot Rockwood B1 Model at Storyboard on Rockwood in the in the OFallon neighborhood starting from $1,440. The second greatest value Lebanon apartment is the Park Entrance B1 Model at Storyboard on Park Entrance starting at $1,379 with a $1.15 price per square foot in the OFallon neighborhood. Here is today’s list of the best values for Lebanon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Storyboard on RockwoodRockwood B12BR,2BA$1.18
Storyboard on Park EntrancePark Entrance B12BR,2BA$1.15
BSB Apartments3 Bd Townhouse w/ Garage3BR,2BA$1.04
Reside Here Apartments & Rentals2BR/1.5BA2BR,1.5BA$1.09
Linwood ApartmentsTwo Bed One Bath2BR,1BA$0.91
1118 E 3rd St2 Beds, 1 bath2BR,1BA$1.18
1400 Sangamon Dr2 Beds, 2 baths2BR,2BA$1.15
Flax Meadow TownhomesTwo Bed2BR,1.5BA$0.81
Lakewood Estates1 Bedroom1BR,1BA$0.94
Cedars of Lebanon ApartmentsStudioStudio ,1BA$0.44

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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

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Frequently Asked Questions about Cheap Lebanon Apartments

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

The lowest price for a Cheap One Bedroom Lebanon Apartment is $200 at Cedars of Lebanon Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lebanon is starting from $200 at Cedars of Lebanon Apartments.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.