Cheap Apartments for Rent in Lebanon, OH from $950 (34 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article
close
View Me
Cedar Ridge Apartments
1 to 2 Bedroom Apartments

Cedar Ridge Apartments

10 W Northwood DrLebanon, OH 45036
Corporate Housing
  • Utilities Included

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.

Read Article
close
View Me
Water's Bend
$1,467 - $1,962

Total Monthly Price

Base Rent$1,467 - $1,962
Total Monthly Price$1,467 - $1,962
1 to 2 Bedroom Apartments Available Now

Water's Bend

350 Sycamore LnSouth Lebanon, OH 45065
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

Read Article
close
View Me
Cedars at Rivers Bend
1 to 3 Bedroom Apartments

Cedars at Rivers Bend

4885 Cross Key DrSouth Lebanon, OH 45065
  • Utilities Included
property at 439 Morrow Rd
$1,260
2 Bedroom, 2 Bath Home for Rent
Available Now

439 Morrow Rd

South LebanonOH45065
  • Smoke Free

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.

Read Article
Showing Results 1-34, Page 1 of 1

Lebanon, OH Local Guide

Cheapest Neighborhoods for Apartments in Lebanon, OH

Pricing Updated: 09/05/2026

Current apartment rentals in the Lebanon, OH area range in price from $950 to $2,761 with an overall median price of $1,841. Here is today’s list neighborhoods with the lowest median pricing for Lebanon Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Lakeside Landing$1,841$95098

Cheapest Available Lebanon Apartments for Rent

 

The cheapest available apartment rental in Lebanon, OH is a 1 Bed unit found at Village West in the Lakeside Landing neighborhood priced from $965. Williamsburg of Lebanon in the Lakeside Landing neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,075. Here is today’s list of the most affordable Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Village West1x1 5001BR,1BA$965
Williamsburg of Lebanon1x1 6501BR,1BA$1,075
Cedars at Rivers BendA51BR,1BA$1,153
Steeplechase of Lebanon - STLB22BR,1BA$1,225
Deerfield Crossing ApartmentsThe Fawn - Renovated2BR,1BA$1,399
Hunters RunBriarwood3BR,2BA$1,400
Arbors of LebanonDrakewood2BR,1BA$1,431
Water's BendOak1BR,1BA$1,467
Founders Landing ApartmentsA41BR,1BA$1,531

Best Value Apartments for Rent in Lebanon, OH

As of September 05, 2026 the best value apartment in the Lebanon area is the $1.29 price per square foot 2 Bed / 3 Bath Model at 42 Flats in the in the Lakeside Landing neighborhood starting from $2,060. The second greatest value Lebanon apartment is the Briarwood Model at Hunters Run starting at $1,400 with a $1.12 price per square foot in the Lakeside Landing 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.
42 Flats2 Bed / 3 Bath2BR,3BA$1.29
Hunters RunBriarwood3BR,2.5BA$1.12
Redwood LebanonDriftwood2BR,2BA$1.78
Deerfield Crossing ApartmentsThe Elk (Den) - Renovated2BR,1BA$1.74
Arbors of LebanonDrakewood2BR,1BA$1.59
Steeplechase of Lebanon - STLB22BR,1BA$1.36
507 Miller St507 Miller St2BR,1BA$1.06
Cedars at Rivers BendB12BR,2BA$1.60
Water's BendCedar1BR,1BA$1.79
Williamsburg of Lebanon2x1 7502BR,1BA$1.66

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 Article
Decorative image

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Best Local Schools in
Lebanon, OH

School data provided by Great Schools

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

Explore Lebanon, OH Rentals by Map

Decorative image of map

See the most popular apartments and homes in Lebanon, OH

View Map
Lebanon, OH Apartments Map
View Map
Lebanon, OH Rental Homes Map

Frequently Asked Questions about Cheap Lebanon Apartments

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

The lowest price for a Cheap One Bedroom Lebanon Apartment is $965 at Village West.

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 $1,165 at Williamsburg of Lebanon.

What is the most affordable Lebanon Three Bedroom Apartment?

The best deal on a cheap Lebanon Three Bedroom Apartment rental is at Hunters Run and starts from $1,400.

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 Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.