
Cheap Apartments for Rent in Lebanon, ME from $700 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in Lebanon.


Granite Village

Winchester Arms

Cummings Mill

Nasson in the Pines | Fobes Hall

9 Elm St

157 Wakefield St

Sanford Pointe
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.

Clark Brook Apartments

Lofts on the Levee

Lilac & Monument Garden

Total Monthly Price
Floral Gardens Apartments

Princeton Dover Apartments

Redden Gardens Apartments

The Thomas Apartments

Country Brook Estates
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.

16 Sullivan Street

Huntington Exchange Dover

Tara Meadows

The Plains

Royal Oak Apartments

The Residences at Spaulding Place

Residences at Cocheco River

Linden Apartments
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Crosshill Housing

Sullivan School Apartments

3 Meadow Brook Dr

McDuffee Brook Apartments

6 Acorn St

28 Chestnut St

15 Back River Rd

93 Henry Law Ave
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.

2 Hancock St

28 Baldwin Dr

6 Smith Ct

59 Franklin Heights

Goodall Place

37 Cottage St

The Edge at Berwick - 8 Main Street

126 Sullivan St
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.

36 South St
Lebanon, ME Local Guide

How much does it cost to rent an apartment in Lebanon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lebanon Studio Apartments | $2,044 | $1,130 | $2,515 |
| Lebanon 1 Bedroom Apartments | $2,186 | $1,260 | $2,830 |
| Lebanon 2 Bedroom Apartments | $2,500 | $1,420 | $3,960 |
| Lebanon 3 Bedroom Apartments | $3,324 | $2,350 | $4,850 |
| Lebanon 4 Bedroom Apartments | $2,450 | $2,450 | $2,450 |
Browse Top Apartments in Lebanon
See all Apartments in LebanonExplore Lebanon
Lebanon, ME Local Guide
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Cheapest Available Lebanon Apartments for Rent and Nearby
 The cheapest available apartment rental in Lebanon, ME is a 1 Bed unit found at Cummings Mill in the Crocketts Crossings neighborhood priced from $1,450. Winchester Arms in the Crocketts Crossings neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,550. Here is today’s list of the most affordable Lebanon apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cummings Mill | 1 Bedroom | 1BR,1BA | $1,450 |
| Winchester Arms | 1 - C | 1BR,1BA | $1,550 |
| Nasson in the Pines | Fobes Hall | 1BR/1.0BA | 1BR,1BA | $1,650 |
| Sanford Pointe | 38 Patriots Ln #3809 | 2BR,1BA | $1,700 |
| Floral Gardens Apartments | 1 Bedroom | 1BR,1BA | $1,795 |
| Lilac & Monument Garden | Lilac 2 Bedroom 2 Baths | 2BR,2BA | $1,825 |
| Clark Brook Apartments | 1 BD | 1BR,1BA | $1,850 |
| Lofts on the Levee | Studio w/ Bed Nook Floor Plan B | Lofts South | Studio,1BA | $1,895 |
| Country Brook Estates | 2BR/1BA - TC - R - 60% | 2BR,1BA | $1,903 |
| The Edge at Berwick - 8 Main Street | 1BR/1.0BA | 1BR,1BA | $1,925 |
Best Value Apartments for Rent in Lebanon, ME and Nearby
As of June 23, 2026 the best value apartment in the Lebanon area is the $1.72 price per square foot 3BR2.5BA Model at Highfield Commons in the in the South Rochester neighborhood starting from $2,886. The second greatest value Lebanon apartment is the Brand New Townhomes! End Unit 3 Bedroom 2 Bath ... Model at Bayberry Commons starting at $3,450 with a $2.26 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Highfield Commons | 3BR2.5BA | 3BR,2.5BA | $1.72 |
| Bayberry Commons | Brand New Townhomes! End Unit 3 Bedroom 2 Bath ... | 3BR,2.5BA | $2.26 |
| 3 Kimball St, Unit #2 | 3 Kimball St | 4BR,1BA | $1.63 |
| Paul's Place | Two-Floor Over Garden | 3BR,2BA | $2.12 |
| Sanford Pointe | 38 Patriots Ln #3804 | 2BR,1BA | $1.42 |
| The Residences at Spaulding Place | - Large Updated 2 Bedroom with W/D Hook Ups | 2BR,1BA | $1.82 |
| Lilac & Monument Garden | Monument 2 Bedroom 2 Bathroom | 2BR,2BA | $2.19 |
| Residences at Cocheco River | 2 Bedroom 2 Bath w/ BALCONY - Dover, NH | 2BR,2BA | $2.10 |
| The Plains | 2BR1BA | 2BR,1BA | $2.29 |
| Cummings Mill | 1 Bedroom | 1BR,1BA | $2.06 |
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 ArticleReal 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lebanon, ME Rentals by Map
See the most popular apartments and homes in Lebanon, ME
Frequently Asked Questions about Cheap Lebanon Apartments
What is the Cheapest Studio apartment in Lebanon?
Currently the most affordable Cheap Studio Apartment in Lebanon is at Lofts on the Levee listed at $1,895.
How much is rent for a Cheap One Bedroom Lebanon Apartment?
The lowest price for a Cheap One Bedroom Lebanon Apartment is $1,450 at Cummings Mill.
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 $1,700 at Sanford Pointe.
What is the most affordable Lebanon Three Bedroom Apartment?
The best deal on a cheap Lebanon Three Bedroom Apartment rental is at Paul's Place and starts from $2,750.
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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.