Cheap Homes for Rent in Downtown Lebanon Neighborhood of Lebanon, PA from $1,200 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Lebanon area of 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.

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.

Cheapest Available Downtown Lebanon Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Garden Oaks Apartments1 Bedroom1BR,1BA$1,000
Weavertown TerraceModern Townhome Community, Wash/Dryer/Assigned ...2BR,1BA$1,395

Best Value Apartments for Rent in Downtown Lebanon, PA

As of April 25, 2026 the best value apartment in the Downtown Lebanon area is the $1.25 price per square foot 1054 Cornwall Rd Model at 1054 Cornwall Rd, Unit 1054 B second floor large in the in the Downtown Lebanon neighborhood starting from $1,275. The second greatest value Downtown Lebanon apartment is the Modern Townhome Community, Wash/Dryer/Assigned ... Model at Weavertown Terrace starting at $1,395 with a $1.64 price per square foot in the Downtown Lebanon neighborhood. Here is today’s list of the best values for Downtown Lebanon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1054 Cornwall Rd, Unit 1054 B second floor large1054 Cornwall Rd2BR,1BA$1.25
Weavertown TerraceModern Townhome Community, Wash/Dryer/Assigned ...2BR,1.5BA$1.64
Garden Oaks Apartments1 Bedroom1BR,1BA$1.45

Frequently Asked Questions about Downtown Lebanon

What type of rentals are currently available in Downtown Lebanon?

There are currently 58 Apartments for Rent in Downtown Lebanon, PA with pricing that ranges from $875 to $1,850. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lebanon ranging from $1,225 to $1,850.

What is the current price range for Rental Homes in Downtown Lebanon?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Lebanon ranges from $1,225 to $1,850 with an average monthly rent of $1,423.

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

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

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.