
Cheap Homes for Rent in Lebanon, MO from $300 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Lebanon.


112 Fleetwood Dr

387 N Adams

24530 Southside Rd

27 Sunrise Terrace Dr
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

23377 Riptide Dr

522 Mayfield St

501 School St

531-B N Oak Grove Ave

207 Country Villa Ln
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

421 E Burford St
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 | $994 | $700 | $1,400 |
| Lebanon 3 Bedroom Homes for Rent | $1,824 | $350 | $5,000 |
| Lebanon 4 Bedroom Homes for Rent | $2,004 | $1,695 | $2,650 |
| Lebanon 5 Bedroom Homes for Rent | $2,300 | $2,300 | $2,300 |
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 Studio unit found at Wyota Commons West priced from $550. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Wyota Commons West | Studios | Studio,1BA | $550 |
| North Terrace Apartments | 2 x 1 Small | 2BR,1BA | $575 |
| Oak Place | 1 bedroom | 1BR,1BA | $600 |
| Washington Apartments | 1/1 | 1BR,1BA | $625 |
| Eastview Apartments | Studio | Studio,1BA | $650 |
Best Value Apartments for Rent in Lebanon, MO and Nearby
As of July 26, 2026 the best value apartment in the Lebanon area is the $1.11 price per square foot 2 Bed, 2 Bath, 1 Car Garage Model at The Lodges at Logan Estates in the starting from $1,550. The second greatest value Lebanon apartment is the 3 Beds, 2 Baths Model at Parkwood Apartments starting at $1,300 with a $1.08 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Lodges at Logan Estates | 2 Bed, 2 Bath, 1 Car Garage | 2BR,2BA | $1.11 |
| Parkwood Apartments | 3 Beds, 2 Baths | 3BR,2BA | $1.08 |
| Pickwick Place | 2 bed 2 bath | 2BR,2BA | $1.22 |
| English Village II | 2 Bedroom, 2 Bathroom | 2BR,2BA | $1.00 |
| Silver Springs | Ozark Tech Student Special- 2 bedroom 2 bath | 2BR,2BA | $1.30 |
| Cedarstone & Oak Leaf | Cedarstone 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.29 |
| North Terrace Apartments | 2 x 1 Small | 2BR,1BA | $0.73 |
| Washington Apartments | 0/1 | Studio ,1BA | $1.32 |
| Wyota Commons West | Studios | Studio ,1BA | $1.22 |
| Oak Place | 1 Bed, 1 bath | 1BR,1BA | $1.39 |
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.
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
See the most popular apartments and homes in Lebanon, MO
Frequently Asked Questions about Lebanon
What type of rentals are currently available in Lebanon?
There are currently 68 Apartments for Rent in Lebanon, MO with pricing that ranges from $500 to $2,260. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lebanon ranging from $350 to $5,000.
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 $350 to $5,000 with an average monthly rent of $1,445.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.