Cheap Apartments for Rent in Lebanon, SD from $400 (22 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lebanon.

property at 1045 E 3rd St

$275

Total Monthly Price

Total Monthly Price

Base Rent
$275

Total Monthly Price
$275

1 Bedroom, 1 Bath Home for Rent

Available Now

1045 E 3rd St

RedfieldSD57469
property at 9 1st Ave NE

$495

Total Monthly Price

Total Monthly Price

Base Rent
$495

Total Monthly Price
$495

1 Bedroom, 1 Bath Home for Rent

Available Now

9 1st Ave NE

KulmND58456

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.

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1631 Olive Dr
1 to 2 Bedroom Apartments

1631 Olive Dr

1631 Olive DrAberdeen, SD 57401
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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630 S High St
Studio to 2 Bedroom Apartments

630 S High St

630 S High StAberdeen, SD 57401
  • Utilities Included

Lebanon, SD Local Guide

Cheapest Available Lebanon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lebanon, SD is a 1 Bed unit found at Missouri View Apartments priced from $499. Aberdeen Communities has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here is today’s list of the most affordable Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Missouri View Apartments1 BD, 1 BA Layout1BR,1BA$499
Aberdeen Communities1 BED 1BATH1BR,1BA$1,100
Highlands Ridge Apartments1 Bed 1 Bath | 573 sqft1BR,1BA$1,295
Wheatgrass Village I3 Bedroom Townhome3BR,2BA$1,465

Best Value Apartments for Rent in Lebanon, SD and Nearby

As of June 09, 2026 the best value apartment in the Lebanon area is the $0.89 price per square foot 3 Bedroom Townhome Model at Wheatgrass Village I in the starting from $1,465. The second greatest value Lebanon apartment is the 2 BEDROOM LAYOUT Model at Missouri View Apartments starting at $999 with a $1.33 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.
Wheatgrass Village I3 Bedroom Townhome3BR,2.5BA$0.89
Missouri View Apartments2 BEDROOM LAYOUT2BR,1BA$1.33
221 15th St N, Unit D4221 15th St N1BR,1BA$0.81
Prairie Village ApartmentsPrairie Village 1 - 1 Bed - 1 Bath1BR,1BA$1.48
1411 E Sioux Ave, Unit Apt F1411 E Sioux Ave1BR,1BA$1.42
Highlands Ridge Apartments1 Bed 1 Bath | 573 sqft1BR,1BA$2.26
Aberdeen Communities1 BED 1BATH1BR,1BA$2.00

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $499 at Missouri View Apartments.

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 $999 at Missouri View Apartments.

What is the most affordable Lebanon Three Bedroom Apartment?

The best deal on a cheap Lebanon Three Bedroom Apartment rental is at Wheatgrass Village I and starts from $1,465.

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 How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.

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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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.