Cheap Apartments for Rent in Lebanon, IL from $600 (21 Rentals)

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property at 220 N Monroe St

220 N Monroe St

LebanonIL62254
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Up Towne Apartments
2 to 3 Bedroom Apartments

Up Towne Apartments

110 Northtowne StLebanon, IL 62254
  • Utilities Included

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.

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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215 anderson lane A
1 to 2 Bedroom Apartments

215 anderson lane A

215-223 Anderson LnShiloh, IL 62221
  • Utilities Included

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.

Lebanon, IL Local Guide

Cheapest Available Lebanon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lebanon, IL is a 1 Bed unit found at Bouse Apartment Homes in the Metro East neighborhood priced from $845. Green Door Apartments in the OFallon neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here is today’s list of the most affordable Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bouse Apartment Homes1 Bedroom 1 Bath1BR,1BA$845
Green Door ApartmentsSave up to $500 off Move In Costs with your EXC...1BR,1BA$1,000
Metro Apartments At Collinsville1BR/1BA Large Reno1BR,1BA$1,000
Linwood ApartmentsTwo Bed One Bath2BR,1BA$1,000
The Meadows at Shadow Ridge1.1- 612 sq ft1BR,1BA$1,015

Best Value Apartments for Rent in Lebanon, IL and Nearby

As of November 09, 2025 the best value apartment in the Lebanon area is the $0.95 price per square foot 3 Bd Townhouse w/ Garage Model at BSB Apartments in the in the Metro East neighborhood starting from $1,425. The second greatest value Lebanon apartment is the Hayden B1 Model at Storyboard on Hayden starting at $1,450 with a $1.16 price per square foot in the Metro East 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.
BSB Apartments3 Bd Townhouse w/ Garage3BR,2BA$0.95
Storyboard on HaydenHayden B12BR,2.5BA$1.16
Storyboard on WisteriaWisteria B32BR,2BA$1.20
Storyboard on Park EntrancePark Entrance B22BR,2BA$1.15
Reside Here Apartments & Rentals2BR/1.5BA2BR,1.5BA$1.18
Crown Pointe Townhomes - ShilohTownhome2BR,2BA$1.18
Linwood ApartmentsTwo Bed One Bath2BR,1BA$0.91
Northbrooke CommonsB22BR,2BA$1.36
Storyboard on NorthtowneNorthtowne B12BR,1.5BA$1.21
Storyboard on RockwoodRockwood B22BR,1.5BA$1.29

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Explore Lebanon, IL Rentals by Map

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Getting Around Lebanon, IL

Walk Score®

23 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

29 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 $845 at Bouse Apartment Homes.

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 $1,000 at Linwood Apartments.

What is the most affordable Lebanon Three Bedroom Apartment?

The best deal on a cheap Lebanon Three Bedroom Apartment rental is at Storyboard on Rockwood and starts from $1,540.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.