
Cheap Apartments for Rent in Lebanon, OR from $300 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in Lebanon.

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.
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.
Lebanon, OR Local Guide

How much does it cost to rent an apartment in Lebanon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Lebanon Studio Apartments | $1,274 | $1,113 | $1,435 |
| Cheap Lebanon 1 Bedroom Apartments | $1,256 | $1,000 | $1,504 |
| Cheap Lebanon 2 Bedroom Apartments | $1,486 | $1,250 | $1,889 |
| Cheap Lebanon 3 Bedroom Apartments | $1,903 | $1,595 | $2,250 |
Browse Top Apartments in Lebanon
See all Apartments in LebanonExplore Lebanon
Lebanon, OR Local Guide
- Nearby Cities
- ZIP codes
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- School Districts
Cheapest Available Lebanon Apartments for Rent
 The cheapest available apartment rental in Lebanon, OR is a Studio unit found at McKinney Lane Apartments priced from $1,113. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| McKinney Lane Apartments | Chestnut | Studio,1BA | $1,113 |
| Queen Anne | Two Bedroom - 60% | 2BR,2BA | $1,260 |
| Cascade Ridge | 1x1 Standard | 1BR,1BA | $1,395 |
Best Value Apartments for Rent in Lebanon, OR
As of December 15, 2025 the best value apartment in the Lebanon area is the $1.38 price per square foot 2010 Cypress Ct Model at 2010 Cypress Ct, Unit 2010 in the starting from $1,595. The second greatest value Lebanon apartment is the 2 Bed / 1.5 Bath Model at 311-325 E Dodge St starting at $1,650 with a $1.50 price per square foot . 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. |
|---|---|---|---|
| 2010 Cypress Ct, Unit 2010 | 2010 Cypress Ct | 3BR,2.5BA | $1.38 |
| 311-325 E Dodge St | 2 Bed / 1.5 Bath | 2BR,1.5BA | $1.50 |
| Parkside Apartments | 2 x 2 | 2BR,2BA | $1.47 |
| Queen Anne | Two Bedroom - 60% | 2BR,2BA | $1.32 |
| Aspen Place Apartments | 2 Bedroom | 2BR,2BA | $1.52 |
| Hickory Lake | 1x1 ADA Special | 1BR,1BA | $1.79 |
| McKinney Lane Apartments | Maple | 1BR,1BA | $2.02 |
| 169-Franklin Commons | 1x1 | 1BR,1BA | $1.92 |
| 199-Lone Pine Place | 1x1 | 1BR,1BA | $1.92 |
| Cascade Ridge | 1x1 Lux | 1BR,1BA | $2.18 |
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 ArticleThe 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.
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, OR
Seven Oak Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lebanon, OR Rentals by Map
See the most popular apartments and homes in Lebanon, OR
Getting Around Lebanon, OR
Walk Score®
48 / 100
Car-Dependent
Most errands require a car
Bike Score®
63 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,395 at Cascade Ridge.
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 Parkside Apartments and starts from $1,695.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.



