Cheap Apartments for Rent in Lebanon, MO from $400 (31 Rentals)

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

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The Highlands
1 to 2 Bedroom Apartments

The Highlands

1525 Tower RdLebanon, MO 65536
  • Utilities Included
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Wyota Commons West
Studio Apartments

Wyota Commons West

2071 W Elm StLebanon, MO 65536
  • Utilities Included
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Wyota Commons
Studio Apartments

Wyota Commons

1221 Millcreek RdLebanon, MO 65536
  • Utilities Included

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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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.

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Montauk Studios
Studio Apartments

Montauk Studios

209 S Highway 63Licking, MO 65542
  • Utilities Included

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.

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Wynnewood
Studio to 3 Bedroom Apartments

Wynnewood

3342 E Linwood StSpringfield, MO 65804
  • Utilities Included
Showing Results 1-31, Page 1 of 1

Lebanon, MO Local Guide

Cheapest Available Lebanon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lebanon, MO is a Studio unit found at Osage Commons priced from $545. North Terrace Apartments in the Northeast neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $575. Here is today’s list of the most affordable Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Osage CommonsStudioStudio,1BA$545
North Terrace Apartments2 x 1 Small2BR,1BA$575
Oak Place1 bedroom1BR,1BA$625
Forest Cove Apartments2x1 - Forest Cove2BR,1BA$625
English Village1 Bedroom, 1 Bathroom1BR,1BA$650
Northgate ApartmentsStudioStudio,1BA$685
Hillcrest 901 Bedroom1BR,1BA$695
Eastview Apartments1 Bedroom1BR,1BA$740
Lombard Heights ApartmentsLombard 1 Bedroom, 1 Bathroom1BR,1BA$745
The Falcon of Southern HillsMicro StudioStudio,1BA$754

Best Value Apartments for Rent in Lebanon, MO and Nearby

As of November 02, 2025 the best value apartment in the Lebanon area is the $0.97 price per square foot 3x2 Model at Summit Park in the starting from $1,595. The second greatest value Lebanon apartment is the 2 Beds, 1.5 Baths Model at Meadowview Apartments starting at $845 with a $0.94 price per square foot in the Northeast 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.
Summit Park3x23BR,2BA$0.97
Meadowview Apartments2 Beds, 1.5 Baths2BR,1.5BA$0.94
Deeswood Village ApartmentsThe Flat2BR,1BA$1.06
All the things are found at Silver Springs2.1.5 (840)2BR,1.5BA$1.10
Stoneridge ApartmentsStoneridge 2 Bedroom, 2 Bathroom2BR,2BA$1.02
Catalpa EastCatalpa 2 Bedroom, 2 Bathroom2BR,2BA$1.07
North Terrace Apartments2 x 1 Small2BR,1BA$0.73
English Village1 Bedroom, 1 Bathroom1BR,1BA$0.96
Hillcrest 901 Bedroom1BR,1BA$1.06
Osage CommonsStudioStudio ,1BA$1.06

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Best Local Schools in
Lebanon, MO

School data provided by Great Schools

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

Explore Lebanon, MO Rentals by Map

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Getting Around Lebanon, MO

Walk Score®

34 / 100

Car-Dependent

Most errands require a car

Bike Score®

36 / 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

What is the Cheapest Studio apartment in Lebanon?

Currently the most affordable Cheap Studio Apartment in Lebanon is at Osage Commons listed at $545.

How much is rent for a Cheap One Bedroom Lebanon Apartment?

The lowest price for a Cheap One Bedroom Lebanon Apartment is $625 at Oak Place.

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 $575 at North Terrace Apartments.

What is the most affordable Lebanon Three Bedroom Apartment?

The best deal on a cheap Lebanon Three Bedroom Apartment rental is at Dryden and starts from $1,295.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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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.