1045 E 3rd St
RedfieldSD57469
Cheap Homes for Rent in Lebanon, SD from $400 (3 Rentals)
Search the lowest-cost Homes available for rent right now in 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.
9 1st Ave NE
KulmND58456
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.
942 E 3rd St, Unit B
942 E 3rd St
RedfieldSD57469
Showing Results 1-3, Page 1 of 1
Lebanon, SD Local Guide
Hay South Dakota by Raymond Bucko, SJ is licensed under CC BY 2.0
How much does it cost to rent a home in Lebanon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lebanon 2 Bedroom Homes for Rent | $915 | $915 | $915 |
| Lebanon 3 Bedroom Homes for Rent | $1,550 | $1,350 | $1,750 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Lebanon
Explore Lebanon
Lebanon, SD Local Guide
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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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wheatgrass Village I | 3 Bedroom Townhome | 3BR,2.5BA | $0.89 |
| Missouri View Apartments | 2 BEDROOM LAYOUT | 2BR,1BA | $1.33 |
| 221 15th St N, Unit D4 | 221 15th St N | 1BR,1BA | $0.81 |
| Prairie Village Apartments | Prairie Village 1 - 1 Bed - 1 Bath | 1BR,1BA | $1.48 |
| 1411 E Sioux Ave, Unit Apt F | 1411 E Sioux Ave | 1BR,1BA | $1.42 |
| Highlands Ridge Apartments | 1 Bed 1 Bath | 573 sqft | 1BR,1BA | $2.26 |
| Aberdeen Communities | 1 BED 1BATH | 1BR,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.
Read Article
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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Explore Lebanon, SD Rentals by Map
See the most popular apartments and homes in Lebanon, SD
Frequently Asked Questions about Lebanon
What type of rentals are currently available in Lebanon?
There are currently 24 Apartments for Rent in Lebanon, SD with pricing that ranges from $499 to $14,557. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lebanon ranging from $275 to $1,750.
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 $275 to $1,750 with an average monthly rent of $950.
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.