
Cheap Apartments for Rent in Lebanon, IL from $600 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Lebanon.


125 Federal Aid Secondary 1780

Bradford Place & Ansley Oaks Apartments
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.

Flax Meadow Townhomes

Willow Park Apartments

Park Terrace Apartments

215 anderson lane A

Bouse Apartment Homes

Meadows at Shadow Ridge

Shiloh Commons Holdings
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.

Metro Apartments At Collinsville

Linwood Apartments

Green Door Apartments

2609 Sierra Dr

501 Ponderosa Ave
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.

420 Joseph Dr

115 S Lawn Ave
Lebanon, IL Local Guide

How much does it cost to rent an apartment in Lebanon?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lebanon Studio Apartments | $650 | $650 | $650 |
Lebanon 1 Bedroom Apartments | $1,362 | $705 | $1,750 |
Lebanon 2 Bedroom Apartments | $1,619 | $680 | $3,200 |
Lebanon 3 Bedroom Apartments | $1,632 | $800 | $1,920 |
Browse Top Apartments in Lebanon
See all Apartments in LebanonExplore Lebanon
Lebanon, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Lebanon Apartments for Rent and Nearby
 The cheapest available apartment rental in Lebanon, IL is a 1 Bed unit found at 215 anderson lane A in the OFallon neighborhood priced from $825. Bouse Apartment Homes in the Metro East neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $845. Here is today’s list of the most affordable Lebanon apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
215 anderson lane A | 1 BR / 1 BA | 1BR,1BA | $825 |
Bouse Apartment Homes | 1 Bedroom 1 Bath | 1BR,1BA | $845 |
Meadows at Shadow Ridge | 1BR/1BA | 1BR,1BA | $900 |
Shiloh Commons Holdings | A1 1 Bed | 1 Bath | 1BR,1BA | $994 |
Metro Apartments At Collinsville | Ask Us About Our Availability! - Up to $500 off... | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Lebanon, IL and Nearby
As of September 08, 2025 the best value apartment in the Lebanon area is the $1.20 price per square foot Carol Ann B1 Model at Storyboard on Carol Ann in the in the OFallon neighborhood starting from $1,650. The second greatest value Lebanon apartment is the Hayden B1 Model at Storyboard on Hayden starting at $1,395 with a $1.11 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Storyboard on Carol Ann | Carol Ann B1 | 2BR,2BA | $1.20 |
Storyboard on Hayden | Hayden B1 | 2BR,2.5BA | $1.11 |
Storyboard on Wisteria | Wisteria B3 | 2BR,2BA | $1.24 |
Storyboard on Park Entrance | Park Entrance B2 | 2BR,2BA | $1.16 |
Brookside Manor | Two Bedroom | 2BR,1.5BA | $1.21 |
Linwood Apartments | Two Bed One Bath | 2BR,1BA | $0.91 |
Reside Here Apartments & Rentals | 2BR/1.5BA | 2BR,1.5BA | $1.14 |
BSB Apartments | 2 Bd Townhouse | 2BR,1.5BA | $0.98 |
215 anderson lane A | 2 BR / 1 BA | 2BR,1BA | $1.07 |
Storyboard on Rockwood | Rockwood A1 | 1BR,1BA | $1.16 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lebanon, IL Rentals by Map
See the most popular apartments and homes in Lebanon, IL
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
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 Lebanon Apartments
How much is rent for a Cheap One Bedroom Lebanon Apartment?
The lowest price for a Cheap One Bedroom Lebanon Apartment is $825 at 215 anderson lane A.
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 $950 at Meadows at Shadow Ridge.
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.

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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.