Cheap Homes for Rent in Lebanon, OR from $1,300 (7 Rentals)

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Search the lowest-cost Homes 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.

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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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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 priced from $1,163. 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
McKinney Lane ApartmentsChestnutStudio,1BA$1,163
Queen AnneTwo Bedroom - 60%2BR,2BA$1,260
Aspen Place Apartments1 Bedroom1BR,1BA$1,300

Best Value Apartments for Rent in Lebanon, OR

As of November 02, 2025 the best value apartment in the Lebanon area is the $1.50 price per square foot 2 Bed / 1.5 Bath Model at 311-325 E Dodge St in the starting from $1,650. 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 . 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.
311-325 E Dodge St2 Bed / 1.5 Bath2BR,1.5BA$1.50
Queen AnneTwo Bedroom - 60%2BR,2BA$1.32
Parkside Apartments1 x 11BR,1BA$1.53
Hickory Lake1x1 Special1BR,1BA$1.79
Aspen Place Apartments1 Bedroom1BR,1BA$1.79
169-Franklin Commons1x11BR,1BA$1.92
199-Lone Pine Place1x11BR,1BA$1.92
McKinney Lane ApartmentsChestnutStudio ,1BA$2.06
Cascade RidgeStudioStudio ,1BA$2.58

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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Frequently Asked Questions about Lebanon

What type of rentals are currently available in Lebanon?

There are currently 86 Apartments for Rent in Lebanon, OR with pricing that ranges from $1,050 to $2,250. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lebanon ranging from $1,300 to $3,200.

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 $1,300 to $3,200 with an average monthly rent of $1,988.

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.