Cheap Apartments for Rent in Lebanon, ME from $700 (10 Rentals)

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

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.

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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.

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Lebanon, ME Local Guide

Cheapest Available Lebanon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lebanon, ME is a 1 Bed unit found at Linden Apartments priced from $765. Tara Meadows in the Crocketts Crossings neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,298. Here is today’s list of the most affordable Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Linden Apartments1 Bedroom1BR,1BA$765
Tara MeadowsStudio UpgradedStudio,1BA$1,298
Sullivan School Apartments1 Bed, 1 bath1BR,1BA$1,300

Best Value Apartments for Rent in Lebanon, ME and Nearby

As of September 07, 2025 the best value apartment in the Lebanon area is the $1.77 price per square foot Topaz-Open Kitchen and Dining Area Model at Half Peak Place in the in the South Rochester neighborhood starting from $2,750. The second greatest value Lebanon apartment is the Wildcat Townhome with open office Model at Half Peak Ledges starting at $2,950 with a $1.90 price per square foot in the South Rochester 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.
Half Peak PlaceTopaz-Open Kitchen and Dining Area3BR,2.5BA$1.77
Half Peak LedgesWildcat Townhome with open office3BR,2.5BA$1.90
Highfield Townhome Available for Rent!3BR2BA3BR,2BA$1.86
Bayberry CommonsEnd Unit with Open Dining (Misty Gray)3BR,2.5BA$2.26
Cummings Mill2 Beds, 2 baths2BR,2BA$1.64
Clark Brook Apartments2 BDR2BR,1BA$2.34
Redden Gardens2 BR Tax Credit2BR,1BA$1.88
The Plains2BR1BA2BR,1BA$2.29
15 Back River Rd2BR/1.0BA2BR,1BA$1.99
163 Autumn St, Unit C163 Autumn St1BR,1BA$1.94

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

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Getting Around Lebanon, ME

Walk Score®

12 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

25 / 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 $765 at Linden Apartments.

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 $825 at Linden 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 $2,375.

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.

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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.

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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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.