Cheap Homes for Rent in Lebanon, VA from $700 (9 Rentals)

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

property at 288 Apple Valley Rd

$725

Total Monthly Price

Total Monthly Price

Base Rent
$725

Total Monthly Price
$725

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

288 Apple Valley Rd

MarionVA24354
property at 837 Kentucky Ave SW

$1,013

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,013

Total Monthly Price
$1,013

4 Bedroom, 2 Bath Home for Rent

Available Now

837 Kentucky Ave SW

NortonVA24273

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.

property at 31139 Princeton Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Now

property at 952 Beverly Dr

$1,200

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

952 Beverly Dr

AbingdonVA24210
property at 316 W Vly St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

316 W Vly St

AbingdonVA24210

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.

property at 480 Mink Pl

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

Studio To 1 Bedroom Rentals

Available Now

480 Mink Pl

AbingdonVA24210

Lebanon, VA Local Guide

Cheapest Available Lebanon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lebanon, VA is a 1 Bed unit found at The Place at Slate Creek priced from $700. Stoneview Homes in the Town Of Kingsport neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Place at Slate CreekOne Bedroom1BR,1BA$700
Stoneview Homes1BR/1.0BA1BR,1BA$800
Legacy KingsportOne Bedroom 575 SF1BR,1BA$800

Best Value Apartments for Rent in Lebanon, VA and Nearby

As of June 06, 2026 the best value apartment in the Lebanon area is the $1.02 price per square foot 2 Bed x 2.5 Bath Townhouse Model at Apex Johnson City in the in the Downtown Johnson City neighborhood starting from $1,260. The second greatest value Lebanon apartment is the Buffalo 2B 1.5B Model at Buffalo Ridge Apartments starting at $1,050 with a $0.88 price per square foot in the Downtown Johnson City neighborhood. 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.
Apex Johnson City2 Bed x 2.5 Bath Townhouse2BR,2.5BA$1.02
Buffalo Ridge ApartmentsBuffalo 2B 1.5B2BR,1.5BA$0.88
Beason Well Apartments3 Bedroom 603BR,2BA$0.99
Poplar Ridge Apartments2 Bed x 1.5 Bath2BR,1.5BA$0.90
Cross Creek2 Bedroom 2 Bathroom - B12BR,2BA$1.16
Allandale Falls2 Bedroom 1 Bathroom - B22BR,1BA$1.16
Marion Manor3 Bedroom 1 Bath3BR,1BA$0.99
The Village at Twin HillsTwinHills 1B 1.5B G1BR,1.5BA$1.17
Stoneview Homes1BR/1.0BA1BR,1BA$1.11
The Place at Slate CreekOne Bedroom1BR,1BA$1.15

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 Lebanon

What type of rentals are currently available in Lebanon?

There are currently 54 Apartments for Rent in Lebanon, VA with pricing that ranges from $650 to $3,400. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lebanon ranging from $725 to $2,800.

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 $725 to $2,800 with an average monthly rent of $1,541.

How much are larger Three and Four Bedroom Rentals in Lebanon?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lebanon range from $940 to $2,050, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,013 and Four Bedroom Apartments start at $1,799.

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 Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

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.

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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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.