
Cheap Homes for Rent in Lebanon, OH from $700 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Lebanon.


1618 Taylor

1415 Villa Ct

236 S Mary Ellen St

314 Charles St
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.

240 S Mary Ellen St

7077 OH-123

1820 Clarendon Ave

1400 Woodlawn Ave

221 N Cherry St
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.

439 Morrow Rd
Lebanon, OH 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 | $1,538 | $825 | $2,950 |
| Lebanon 3 Bedroom Homes for Rent | $2,542 | $1,150 | $5,995 |
| Lebanon 4 Bedroom Homes for Rent | $4,316 | $2,450 | $6,500 |
| Lebanon 5 Bedroom Homes for Rent | $6,998 | $5,500 | $9,500 |
Browse Top Homes for Rent in Lebanon
Explore Lebanon
Lebanon, OH Local Guide
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Cheapest Neighborhoods for Apartments in Lebanon, OH
Pricing Updated: 07/20/2026Current apartment rentals in the Lebanon, OH area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Lebanon Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Lakeside Landing | $2,845 | $1,250 | 5 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Village West | 1x1 500 | 1BR,1BA | $965 |
| Williamsburg of Lebanon | 1x1 650 | 1BR,1BA | $1,075 |
| Bellflower | A1 | 1BR,1BA | $1,100 |
| Cedars at Rivers Bend | A5 | 1BR,1BA | $1,153 |
| Cedar Ridge Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,195 |
Best Value Apartments for Rent in Lebanon, OH
As of July 20, 2026 the best value apartment in the Lebanon area is the $1.29 price per square foot 3 Bed / 2 1/2 Bath Model at 42 Flats in the in the Lakeside Landing neighborhood starting from $2,060. The second greatest value Lebanon apartment is the 311 Railroad St Model at 311 Railroad St, Unit Apt. B starting at $1,400 with a $1.56 price per square foot in the Thornton Grove 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. |
|---|---|---|---|
| 42 Flats | 3 Bed / 2 1/2 Bath | 3BR,3BA | $1.29 |
| 311 Railroad St, Unit Apt. B | 311 Railroad St | 2BR,1BA | $1.56 |
| Steeplechase of Lebanon - STL | B2 | 2BR,1BA | $1.33 |
| Cedars at Rivers Bend | B1 | 2BR,2BA | $1.60 |
| Cedar Ridge Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.41 |
| Water's Bend | Cedar | 1BR,1BA | $1.79 |
| Deerfield Crossing Apartments | The Fawn - Renovated | 2BR,1BA | $1.83 |
| Arbors of Lebanon | Forester | 1BR,1BA | $1.77 |
| Williamsburg of Lebanon | 2x1 750 | 2BR,1BA | $1.66 |
| Bellflower | A1 | 1BR,1BA | $1.91 |
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, OH
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lebanon, OH Rentals by Map
See the most popular apartments and homes in Lebanon, OH
Frequently Asked Questions about Lebanon
What type of rentals are currently available in Lebanon?
There are currently 54 Apartments for Rent in Lebanon, OH with pricing that ranges from $965 to $3,275. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lebanon ranging from $750 to $9,500.
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 $750 to $9,500 with an average monthly rent of $3,275.
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.