
Cheap Homes for Rent in Lebanon, MO from $500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Lebanon.


167 N Monroe St

206 Swedeborg Rd
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.

19488 Lannigan Rd

23377 Riptide Dr

445 N Madison Ave
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

15015 Hackney Dr
Lebanon, MO Local Guide

How much does it cost to rent a home in Lebanon?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lebanon 2 Bedroom Homes for Rent | $1,270 | $850 | $1,650 |
Lebanon 3 Bedroom Homes for Rent | $1,887 | $1,200 | $3,800 |
Lebanon 4 Bedroom Homes for Rent | $1,920 | $1,300 | $2,500 |
Browse Top Homes for Rent in Lebanon
Explore Lebanon
Lebanon, MO Local Guide
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Cheapest Available Lebanon Apartments for Rent and Nearby
 The cheapest available apartment rental in Lebanon, MO is a 2 Beds unit found at North Terrace Apartments in the Northeast neighborhood priced from $575. Forest Cove Apartments in the Northeast neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $625. Here is today’s list of the most affordable Lebanon apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
North Terrace Apartments | 2 x 1 Small | 2BR,1BA | $575 |
Forest Cove Apartments | 2x1 - Forest Cove | 2BR,1BA | $625 |
Oak Place | 1 bedroom | 1BR,1BA | $625 |
Best Value Apartments for Rent in Lebanon, MO and Nearby
As of June 04, 2025 the best value apartment in the Lebanon area is the $1.00 price per square foot Duplex Model at The Willows in the starting from $1,800. The second greatest value Lebanon apartment is the 2 Bed, 2 Bath, 1 Car Garage Model at The Lodges at Logan Estates starting at $1,600 with a $1.15 price per square foot . 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. |
---|---|---|---|
The Willows | Duplex | 3BR,2BA | $1.00 |
The Lodges at Logan Estates | 2 Bed, 2 Bath, 1 Car Garage | 2BR,2BA | $1.15 |
Parkwood Apartments | 2 Beds, 2 Baths | 2BR,2BA | $0.89 |
Logan Heights | 2bd/2ba (mirrored, stackable washer/dryer) | 2BR,2BA | $1.03 |
Dryden | Two Bedroom, 1.5 Bathroom Townhome - Renovated | 2BR,1.5BA | $1.22 |
Deeswood Village Apartments | The Flat | 2BR,1.5BA | $1.03 |
Cedarstone & Oak Leaf | Cedarstone 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.27 |
North Terrace Apartments | 2 x 1 Small | 2BR,1BA | $0.73 |
Town and Campus | 1 Bedroom 1 Bath | 1BR,1BA | $1.11 |
Coryell Courts Apartments | Olivia 2 | Studio ,1BA | $1.37 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Lebanon
What type of rentals are currently available in Lebanon?
There are currently 63 Apartments for Rent in Lebanon, MO with pricing that ranges from $400 to $2,536. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lebanon ranging from $500 to $3,800.
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 $500 to $3,800 with an average monthly rent of $1,290.
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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.