Cheap Apartments for Rent in Lebanon, OR from $300 (35 Rentals)

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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.

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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.

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Carolina Court
2 to 3 Bedroom Apartments

Carolina Court

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

Monarch Apartments

525-671 S 12th StLebanon, OR 97355
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Z_Park Manor
1 to 3 Bedroom Apartments

Z_Park Manor

42 Market StLebanon, OR 97355
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Edgewater Square
2 to 3 Bedroom Apartments

Edgewater Square

315 Wheeler StLebanon, OR 97355
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100 N 5th St
1 to 2 Bedroom Apartments

100 N 5th St

100 N 5th StLebanon, OR 97355

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.

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Mill Race Station
1 to 2 Bedroom Apartments

Mill Race Station

875 Village LoopLebanon, OR 97355
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Oakwood Terrace
2 Bedroom Apartments

Oakwood Terrace

900 S 10th StLebanon, OR 97355
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311-325 E Dodge St
2 Bedroom Apartments

311-325 E Dodge St

311 E Dodge StLebanon, OR 97355
  • Utilities Included

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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Showing Results 1-35, Page 1 of 1

Lebanon, OR Local Guide

Cheapest Available Lebanon Apartments for Rent

 

The cheapest available apartment rental in Lebanon, OR is a Studio unit found at McKinney Lane Apartments in the Linn County neighborhood priced from $1,199. Queen Anne in the Linn County neighborhood 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
McKinney Lane ApartmentsChestnutStudio,1BA$1,199
Queen AnneTwo Bedroom - 60%2BR,2BA$1,260
169-Franklin Commons1x11BR,1BA$1,395
Parkside Apartments1x11BR,1BA$1,405
The Lodges1X11BR,1BA$1,430
Cascade Ridge2x2 Standard2BR,2BA$1,580
Hickory Lake2x22BR,2BA$1,695

Best Value Apartments for Rent in Lebanon, OR

As of July 26, 2026 the best value apartment in the Lebanon area is the $1.70 price per square foot 2x2 Model at Hickory Lake in the in the Linn County neighborhood starting from $1,695. The second greatest value Lebanon apartment is the Two Bedroom - 60% Model at Queen Anne starting at $1,260 with a $1.32 price per square foot in the Linn County 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.
Hickory Lake2x22BR,2BA$1.70
Queen AnneTwo Bedroom - 60%2BR,2BA$1.32
Cascade Ridge2x2 Standard2BR,2BA$1.84
Parkside Apartments1x11BR,1BA$1.65
McKinney Lane ApartmentsMaple1BR,1BA$2.29
The Lodges1X11BR,1BA$1.96
169-Franklin Commons1x11BR,1BA$1.92

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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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.

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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 $1,359 at McKinney Lane 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 $1,995.

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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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.

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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.

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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.

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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.