
Cheap Homes for Rent in Lebanon, OR from $1,000 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Lebanon.


2901 Waverly Dr SE

750 Manor Way
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.

635 E Elmore St

3151 N Shore Dr SE

1101 Century Dr NE
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 a home in Lebanon?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lebanon 2 Bedroom Homes for Rent | $1,568 | $1,495 | $1,605 |
Lebanon 3 Bedroom Homes for Rent | $2,318 | $1,825 | $2,860 |
Lebanon 4 Bedroom Homes for Rent | $2,867 | $2,595 | $3,200 |
Lebanon 5 Bedroom Homes for Rent | $4,495 | $4,495 | $4,495 |
Browse Top Homes for Rent in Lebanon
Explore Lebanon
Lebanon, OR Local Guide
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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 $1,212. 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 | $1,212 |
Queen Anne | Two Bedroom - 60% | 2BR,2BA | $1,260 |
Cascade Ridge | Studio | Studio,1BA | $1,325 |
Best Value Apartments for Rent in Lebanon, OR
As of September 08, 2025 the best value apartment in the Lebanon area is the $1.54 price per square foot 2 Bed / 1.5 Bath Model at 311-325 E Dodge St in the starting from $1,690. The second greatest value Lebanon apartment is the 2 x 2 Model at Parkside Apartments starting at $1,525 with a $1.47 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. |
---|---|---|---|
311-325 E Dodge St | 2 Bed / 1.5 Bath | 2BR,1.5BA | $1.54 |
Parkside Apartments | 2 x 2 | 2BR,2BA | $1.47 |
Queen Anne | Two Bedroom - 60% | 2BR,2BA | $1.32 |
The Lodges at Lebanon | 2 bed 2 bath A | 2BR,2BA | $1.57 |
Aspen Place Apartments | 2 Bedroom | 2BR,2BA | $1.52 |
Hickory Lake | 1x1 ADA | 1BR,1BA | $1.79 |
169-Franklin Commons | 1x1 | 1BR,1BA | $1.92 |
199-Lone Pine Place | 1x1 | 1BR,1BA | $1.92 |
McKinney Lane Apartments | Chestnut | Studio ,1BA | $2.15 |
Cascade Ridge | Studio | Studio ,1BA | $2.58 |
Quick Rent Budget Calculator
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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
Frequently Asked Questions about Lebanon
What type of rentals are currently available in Lebanon?
There are currently 94 Apartments for Rent in Lebanon, OR with pricing that ranges from $637 to $2,150. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lebanon ranging from $1,000 to $4,495.
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 $1,000 to $4,495 with an average monthly rent of $2,483.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.