Cheap Homes for Rent in Lebanon, ME from $1,600 (14 Rentals)

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

property at 28 Chestnut St

$1,650

2 Bedroom, 1 Bath Townhome for Rent

Available Now

28 Chestnut St

RochesterNH03867
property at 425 Carl Broggi Hwy

$1,825

Total Monthly Price

Total Monthly Price

Base Rent
$1,825

Total Monthly Price
$1,825

2 Bedroom, 1 Bath Condo for Rent

Available Now

425 Carl Broggi Hwy, Unit 1

425 Carl Broggi Hwy
LebanonME04027

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.

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.

Lebanon, ME Local Guide

Cheapest Available Lebanon Apartments for Rent

 

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 ListingModel NameBed/BathPriced From
Cummings Mill1 Bedroom1BR,1BA$1,450
Winchester Arms1 - C1BR,1BA$1,550
Sanford Pointe38 Patriots Ln #38092BR,1BA$1,700
Nasson in the Pines | Fobes Hall1BR/1.0BA1BR,1BA$1,725
Floral Gardens Apartments1 Bedroom1BR,1BA$1,795

Best Value Apartments for Rent in Lebanon, ME

As of June 10, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Highfield Commons3BR2.5BA3BR,2.5BA$1.72
Bayberry CommonsBrand New Townhomes! End Unit 3 Bedroom 2 Bath ...3BR,2.5BA$2.26
3 Kimball St, Unit #23 Kimball St4BR,1BA$1.63
Paul's PlaceTwo-Floor Over Garden3BR,2BA$2.12
Sanford Pointe38 Patriots Ln #38042BR,1BA$1.42
Lilac & Monument GardenMonument 2 Bedroom 2 Bathroom2BR,2BA$2.19
Residences at Cochecho River2 Bedroom 2 Bath w/ BALCONY - Dover, NH2BR,2BA$2.10
Tara MeadowsTwo Bedroom Deluxe2BR,1BA$2.00
The Plains2BR1BA2BR,1BA$2.29
Cummings Mill1 Bedroom1BR,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.

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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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Quick Rent Budget Calculator

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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!

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Frequently Asked Questions about Lebanon

What type of rentals are currently available in Lebanon?

There are currently 85 Apartments for Rent in Lebanon, ME with pricing that ranges from $1,130 to $4,850. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lebanon ranging from $1,650 to $5,600.

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 $1,650 to $5,600 with an average monthly rent of $3,039.

How much are larger Three and Four Bedroom Rentals in Lebanon?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lebanon range from $2,350 to $4,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,945 to $3,900. Four Bedroom Single-Family rentals are also available starting from $2,700 and Four Bedroom Apartments start at $2,450.

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

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

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.

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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.

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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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.