Cheap Apartments for Rent near Lebanon, ME from $700 (30 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lebanon.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 77 Franklin Hts

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

2 Bedroom, 1 Bath Townhome for Rent

Available Now

77 Franklin Hts

RochesterNH03867
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Linden Apartments
1 to 2 Bedroom Apartments

Linden Apartments

6 Linden AveSanford, ME 04073
Senior Living
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Crosshill Housing
1 to 2 Bedroom Apartments

Crosshill Housing

1 Marthas WayDover, NH 03820
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 616 Portland St

$1,600 - $2,250

1 To 2 Bedroom Rentals

Available Now

616 Portland St

RochesterNH03867
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15 Back River Rd
1 to 2 Bedroom Apartments

15 Back River Rd

15 Back River RdDover, NH 03820

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.

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Goodall Place
2 Bedroom Apartments

Goodall Place

933 Main StSanford, ME 04073
Corporate Housing
  • Utilities Included
Showing Results 1-30, Page 1 of 1

Lebanon, ME Local Guide

Cheapest Available Lebanon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lebanon, ME is a Studio unit found at Winchester Arms in the Crocketts Crossings neighborhood priced from $1,400. Royal Oak Apartments in the Crocketts Crossings neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,595. Here is today’s list of the most affordable Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Winchester ArmsS - CStudio,1BA$1,400
Royal Oak ApartmentsStandard One Bedroom1BR,1BA$1,595
McDuffee Brook Apartments2 Bedroom2BR,1BA$1,600
Cummings Mill1 Bedroom1BR,1BA$1,650
Tara MeadowsOne Bedroom Standard Upgraded1BR,1BA$1,689
Nasson in the Pines | Fobes Hall1BR/1.0BA1BR,1BA$1,700
Sanford Pointe38 Patriots Ln #38092BR,1BA$1,700
Floral Gardens Apartments1 Bedroom1BR,1BA$1,795
Lilac & Monument GardenLilac 2 Bedroom 2 Baths2BR,2BA$1,925
The Edge at Berwick - 8 Main Street1BR/1.0BA1BR,1BA$1,925

Best Value Apartments for Rent in Lebanon, ME and Nearby

As of August 08, 2026 the best value apartment in the Lebanon area is the $1.58 price per square foot 3BR2.5BA Model at Highfield Commons in the in the South Rochester neighborhood starting from $2,650. The second greatest value Lebanon apartment is the Jewett Plan Model at Paul's Place starting at $3,150 with a $2.03 price per square foot in the Crocketts Crossings 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.
Highfield Commons3BR2.5BA3BR,2.5BA$1.58
Paul's PlaceJewett Plan3BR,2.5BA$2.03
Bayberry CommonsBrand New Townhomes! End Unit 3 Bedroom 2 Bath ...3BR,2.5BA$2.26
Sanford Pointe38 Patriots Ln #38042BR,1BA$1.42
The Residences at Spaulding Place2 Bedroom Interior Unit2BR,1BA$1.82
Lilac & Monument GardenMonument 2 Bedroom 2 Bathroom2BR,2BA$2.09
Clark Brook Apartments2 BD2BR,1BA$2.23
Residences at Cocheco River2 Bd 1 Bath With Balcony2BR,1BA$2.14
The Plains2BR1BA2BR,1BA$2.29
McDuffee Brook Apartments2 Bedroom2BR,1BA$2.13

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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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.

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

Explore Lebanon, ME Rentals by Map

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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 $1,550 at Winchester Arms.

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 $1,600 at McDuffee Brook Apartments.

What is the most affordable Lebanon Three Bedroom Apartment?

The best deal on a cheap Lebanon Three Bedroom Apartment rental is at Royal Oak Apartments and starts from $2,495.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.