304 Estate Dr
O'FallonIL62269
Cheap Homes for Rent near Lebanon, IL from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Lebanon.
106 Lee Dr
O'FallonIL62269
225 Eagle Ridge
O'FallonIL62269
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.
251 Eagle Ridge
O'FallonIL62269
418 Donna Dr
O'FallonIL62269
106 S High St
O'FallonIL62269
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.
1413 Royal Oak Ct
O'FallonIL62269
Showing Results 1-7, Page 1 of 1
Lebanon, IL Local Guide
Corn field trials by Claire Benjamin is licensed under CC BY 2.0
How much does it cost to rent a home in Lebanon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lebanon 2 Bedroom Homes for Rent | $1,410 | $850 | $1,895 |
| Lebanon 3 Bedroom Homes for Rent | $1,985 | $1,400 | $2,975 |
| Lebanon 4 Bedroom Homes for Rent | $2,575 | $1,850 | $2,900 |
| Lebanon 5 Bedroom Homes for Rent | $3,400 | $3,000 | $3,800 |
| Lebanon 6 Bedroom Homes for Rent | $2,995 | $2,995 | $2,995 |
Browse Top Homes for Rent in Lebanon
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Lebanon, IL Local Guide
- Nearby Cities
- ZIP codes
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedars of Lebanon Apartments | Two Bedroom | 2BR,1BA | $200 |
| Flax Meadow Townhomes | Two Bed | 2BR,1BA | $715 |
| Bouse Apartment Homes | 1 Bedroom 1 Bath | 1BR,1BA | $845 |
Best Value Apartments for Rent in Lebanon, IL and Nearby
As of July 12, 2026 the best value apartment in the Lebanon area is the $1.20 price per square foot Hayden B1 Model at Storyboard on Hayden in the in the Metro East neighborhood starting from $1,500. The second greatest value Lebanon apartment is the 3 Bd Townhouse w/ Garage Model at BSB Apartments starting at $1,150 with a $1.04 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 Hayden | Hayden B1 | 2BR,2.5BA | $1.20 |
| BSB Apartments | 3 Bd Townhouse w/ Garage | 3BR,2BA | $1.04 |
| Reside Here Apartments & Rentals | 2BR/1.5BA | 2BR,1.5BA | $1.09 |
| Linwood Apartments | Two Bed One Bath | 2BR,1BA | $0.91 |
| 1118 E 3rd St | 2 Beds, 1 bath | 2BR,1BA | $1.18 |
| 1400 Sangamon Dr | 2 Beds, 2 baths | 2BR,2BA | $1.15 |
| Storyboard on Rockwood | Rockwood A1 | 1BR,1BA | $1.21 |
| Flax Meadow Townhomes | Two Bed | 2BR,1.5BA | $0.81 |
| Bouse Apartment Homes | 1 Bedroom 1 Bath | 1BR,1BA | $1.36 |
| Cedars of Lebanon Apartments | Studio | Studio ,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.
Read Article
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.
Read ArticleQuick 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.
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Explore Lebanon, IL Rentals by Map
See the most popular apartments and homes in Lebanon, IL
Frequently Asked Questions about Lebanon
What type of rentals are currently available in Lebanon?
There are currently 56 Apartments for Rent in Lebanon, IL with pricing that ranges from $200 to $2,899. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lebanon ranging from $850 to $3,800.
What is the current price range for Rental Homes in Lebanon?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lebanon ranges from $850 to $3,800 with an average monthly rent of $2,237.
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
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.
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.
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.
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.