
Cheap Homes for Rent in Lebanon, IL from $700 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Lebanon.


122 N Michigan Ave

3114 N Illinois St

112 Ashley Dr

130 Ashley Dr
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

715 White Oak Dr

105 S County Rd
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

210 Kansas Ave

106 High St

208 Eagle Ridge

420 Joseph Dr
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 | $1,206 | $925 | $1,550 |
Lebanon 3 Bedroom Homes for Rent | $2,061 | $1,200 | $2,950 |
Lebanon 4 Bedroom Homes for Rent | $2,530 | $1,725 | $3,500 |
Lebanon 5 Bedroom Homes for Rent | $3,216 | $2,750 | $3,500 |
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 215 anderson lane A in the Green Mount Manor 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 |
Shiloh Commons Holdings | A2 1Bed | 1 Bath | 1BR,1BA | $985 |
Green Door Apartments | “Two Ways to Save—You Choose!” $1,000 Move-In ... | 1BR,1BA | $1,000 |
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 June 01, 2025 the best value apartment in the Lebanon area is the $1.13 price per square foot Hayden B1 Model at Storyboard on Hayden in the in the Timberbrook neighborhood starting from $1,410. The second greatest value Lebanon apartment is the Two Bedroom Model at Brookside Manor starting at $1,275 with a $1.13 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Storyboard on Hayden | Hayden B1 | 2BR,2.5BA | $1.13 |
Brookside Manor | Two Bedroom | 2BR,1.5BA | $1.13 |
Reside Here Apartments & Rentals | 2BR/1.5BA | 2BR,1.5BA | $1.14 |
Linwood Apartments | Two Bed One Bath | 2BR,1BA | $0.91 |
215 anderson lane A | 2 BR / 1 BA | 2BR,1BA | $1.07 |
Storyboard on Rockwood | Rockwood B2 | 2BR,1.5BA | $1.29 |
Townhomes on Luan Drive | 2BR | 2BR,1.5BA | $1.35 |
Storyboard on Wisteria | Wisteria B1 | 2BR,1BA | $1.34 |
Winchester Place Apartments | 1 Bedroom / 1 Bath Loft 895 sq ft | 1BR,1BA | $1.25 |
Bouse Apartment Homes | 1 Bedroom 1 Bath | 1BR,1BA | $1.36 |
Quick Rent Budget Calculator
How much rent can you afford?
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Frequently Asked Questions about Lebanon
What type of rentals are currently available in Lebanon?
There are currently 49 Apartments for Rent in Lebanon, IL with pricing that ranges from $635 to $3,200. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lebanon ranging from $725 to $3,500.
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 $725 to $3,500 with an average monthly rent of $1,983.
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 Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.