Cheap Apartments for Rent in Lebanon, OR from $300 (38 Rentals)

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

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.

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Carolina Court
2 to 3 Bedroom Apartments

Carolina Court

170 S 5th StLebanon, OR 97355
  • 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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Monarch Apartments
Studio to 2 Bedroom Apartments

Monarch Apartments

525-671 S 12th StLebanon, OR 97355
  • Utilities Included
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Edgewater Square
2 to 3 Bedroom Apartments

Edgewater Square

315 Wheeler StLebanon, OR 97355
  • Utilities Included
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Park Manor
1 Bedroom Apartments

Park Manor

42 Market StLebanon, OR 97355
  • Utilities Included
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100 N 5th St
1 to 2 Bedroom Apartments

100 N 5th St

100 N 5th StLebanon, OR 97355
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Mill Race Station
1 to 2 Bedroom Apartments

Mill Race Station

875 Village LoopLebanon, OR 97355
  • Utilities Included
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Oakwood Terrace
2 Bedroom Apartments

Oakwood Terrace

900 S 10th StLebanon, OR 97355
  • Utilities Included

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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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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Showing Results 1-38, Page 1 of 1

Lebanon, OR Local Guide

Cheapest Available Lebanon Apartments for Rent

 

The cheapest available apartment rental in Lebanon, OR is a 1 Bed unit found at Applegate Landing Apartments priced from $665. Queen Anne has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,260. Here is today’s list of the most affordable Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Applegate Landing Apartments1 Bedroom 1 Bath1BR,1BA$665
Queen AnneTwo Bedroom - 60%2BR,2BA$1,260
McKinney Lane ApartmentsChestnutStudio,1BA$1,269
Aspen Place Apartments1 Bedroom - Outside Gate1BR,1BA$1,300
Cascade RidgeStudioStudio,1BA$1,375
199-Lone Pine Place1x11BR,1BA$1,395
Hickory Lake1x11BR,1BA$1,425
Parkside Apartments2 x 22BR,2BA$1,525
169-Franklin Commons2x22BR,2BA$1,695

Best Value Apartments for Rent in Lebanon, OR

As of April 27, 2026 the best value apartment in the Lebanon area is the $1.47 price per square foot 2 x 2 Model at Parkside Apartments in the starting from $1,525. The second greatest value Lebanon apartment is the 2x2 Model at 169-Franklin Commons starting at $1,695 with a $1.70 price per square foot . 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.
Parkside Apartments2 x 22BR,2BA$1.47
169-Franklin Commons2x22BR,2BA$1.70
Queen AnneTwo Bedroom - 60%2BR,2BA$1.32
Hickory Lake1x11BR,1BA$1.79
Aspen Place Apartments1 Bedroom - Outside Gate1BR,1BA$1.79
Applegate Landing Apartments1 Bedroom 1 Bath1BR,1BA$0.91
199-Lone Pine Place1x11BR,1BA$1.92
McKinney Lane ApartmentsOak1BR,1BA$2.33
Cascade RidgeStudioStudio ,1BA$2.68

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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.

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Remember the 3 Rules of Real Estate:
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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 $665 at Applegate Landing Apartments.

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 $1,260 at Queen Anne.

What is the most affordable Lebanon Three Bedroom Apartment?

The best deal on a cheap Lebanon Three Bedroom Apartment rental is at Hickory Lake and starts from $1,895.

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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.