
Cheap Homes for Rent in Lebanon, IL from $600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Lebanon.


106 Lee Dr

304 Estate Dr

220 N Monroe St

285 Eagle Ridge

165 Eagle Ridge

201 W Wesley Dr

459 Ponderosa Ave
Lebanon, IL Local Guide

How much does it cost to rent a home in Lebanon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lebanon 2 Bedroom Homes for Rent | $1,283 | $825 | $2,750 |
| Lebanon 3 Bedroom Homes for Rent | $2,140 | $1,200 | $3,750 |
| Lebanon 4 Bedroom Homes for Rent | $2,275 | $1,425 | $2,950 |
| Lebanon 5 Bedroom Homes for Rent | $3,147 | $2,800 | $3,495 |
Browse Top Homes for Rent in Lebanon
Explore Lebanon
Lebanon, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bouse Apartment Homes | 1 Bedroom 1 Bath | 1BR,1BA | $845 |
| Green Door Apartments | 1BR/1B | 1BR,1BA | $1,000 |
| Metro Apartments At Collinsville | 1BD/1BA Upgraded | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Lebanon, IL and Nearby
As of November 15, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| BSB Apartments | 3 Bd Townhouse w/ Garage | 3BR,2BA | $0.95 |
| Storyboard on Hayden | Hayden B1 | 2BR,2.5BA | $1.16 |
| Storyboard on Wisteria | Wisteria B3 | 2BR,2BA | $1.20 |
| Storyboard on Park Entrance | Park Entrance B2 | 2BR,2BA | $1.15 |
| Linwood Apartments | Two Bed One Bath | 2BR,1BA | $0.91 |
| Crown Pointe Townhomes - Shiloh | Townhome | 2BR,2BA | $1.18 |
| Reside Here Apartments & Rentals | 2BR/1.5BA | 2BR,1.5BA | $1.18 |
| Northbrooke Commons | B2 | 2BR,2BA | $1.36 |
| Storyboard on Northtowne | Northtowne B1 | 2BR,1.5BA | $1.21 |
| Storyboard on Rockwood | Rockwood B2 | 2BR,1.5BA | $1.29 |
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Frequently Asked Questions about Lebanon
What type of rentals are currently available in Lebanon?
There are currently 52 Apartments for Rent in Lebanon, IL with pricing that ranges from $610 to $2,440. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lebanon ranging from $695 to $3,750.
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 $695 to $3,750 with an average monthly rent of $1,971.
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.