
Cheap Homes for Rent in Lebanon, VA from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Lebanon.


123 Lilly St

837 Kentucky Ave SW

1300-1330 Windsor Ave
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.

31139 Princeton Ave

1024 Konnarock Rd

952 Beverly Dr

316 W Vly 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.

480 Mink Pl
Lebanon, VA Local Guide

How much does it cost to rent a home in Lebanon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lebanon 2 Bedroom Homes for Rent | $1,362 | $725 | $1,800 |
| Lebanon 3 Bedroom Homes for Rent | $1,691 | $1,250 | $2,300 |
| Lebanon 4 Bedroom Homes for Rent | $2,053 | $1,013 | $2,800 |
Browse Top Homes for Rent in Lebanon
Explore Lebanon
Lebanon, VA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Place at Slate Creek | One Bedroom | 1BR,1BA | $700 |
| Stoneview Homes | 1BR/1.0BA | 1BR,1BA | $800 |
| Legacy Kingsport | One Bedroom 575 SF | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Apex Johnson City | 2 Bed x 2.5 Bath Townhouse | 2BR,2.5BA | $1.02 |
| Buffalo Ridge Apartments | Buffalo 2B 1.5B | 2BR,1.5BA | $0.88 |
| Beason Well Apartments | 3 Bedroom 60 | 3BR,2BA | $0.99 |
| Poplar Ridge Apartments | 2 Bed x 1.5 Bath | 2BR,1.5BA | $0.90 |
| Cross Creek | 2 Bedroom 2 Bathroom - B1 | 2BR,2BA | $1.16 |
| Allandale Falls | 2 Bedroom 1 Bathroom - B2 | 2BR,1BA | $1.16 |
| Marion Manor | 3 Bedroom 1 Bath | 3BR,1BA | $0.99 |
| The Village at Twin Hills | TwinHills 1B 1.5B G | 1BR,1.5BA | $1.17 |
| Stoneview Homes | 1BR/1.0BA | 1BR,1BA | $1.11 |
| The Place at Slate Creek | One Bedroom | 1BR,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.
Read ArticleReal 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.
Best Local Schools in Lebanon, VA
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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

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.

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.