
Cheap Homes for Rent in Downtown Lebanon Neighborhood of Lebanon, PA from $900 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lebanon area of Lebanon.


808 N 9th St
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.

701 Walnut St

308 S 10th St
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.
Downtown Lebanon, Lebanon, PA Local Guide

How much does it cost to rent a home in Downtown Lebanon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lebanon 2 Bedroom Homes for Rent | $1,250 | $1,200 | $1,300 |
| Downtown Lebanon 3 Bedroom Homes for Rent | $1,425 | $1,350 | $1,525 |
| Downtown Lebanon 4 Bedroom Homes for Rent | $1,600 | $1,600 | $1,600 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Downtown Lebanon Neighborhood of Lebanon, PA.
Explore Lebanon
Best Value Apartments for Rent in Downtown Lebanon, PA
As of June 12, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1054 Cornwall Rd, Unit 1054 B second floor large | 1054 Cornwall Rd | 2BR,1BA | $1.25 |
| Weavertown Terrace | Modern Townhome Community, Wash/Dryer/Assigned ... | 2BR,1.5BA | $1.64 |
| Kreider Commons | 1 Bdrm | 1BR,1BA | $1.24 |
| Garden Oaks Apartments | 1 Bedroom | 1BR,1BA | $1.45 |
Frequently Asked Questions about Downtown Lebanon
What type of rentals are currently available in Downtown Lebanon?
There are currently 59 Apartments for Rent in Downtown Lebanon, PA with pricing that ranges from $895 to $1,600. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lebanon ranging from $925 to $1,600.
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 $925 to $1,600 with an average monthly rent of $1,346.
How much are larger Three and Four Bedroom Rentals in Downtown Lebanon?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Lebanon range from $1,385 to $1,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $1,525. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $1,500.
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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.