
Cheap Apartments for Rent near Lebanon, WI from $400 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in Lebanon.


Oconomowoc School Apartments

Watertown East Apartments

1424 E Main St

Parkside Apartments, LLC

JJGF 2 - 851-861 Evergreen Dr

Washington Manor Apartments

Grace Manor Apts., LLC
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

109 E Monroe Ave

PARKSIDE SENIOR VILLAGE

Evergreen Terrace Apartments

Audubon Park Apartments, LP

MEADOWVIEW APARTMENTS

Hillcrest Apartments

Lumin Terrace

Rincon 225
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Morningside Orchard Apartments

Audubon East

Whitman Park Apartments

Watertown Park Apartments, LLC

Oriole Ponds Apartments, LLC

FALCON POINT APARTMENTS

Delafield Country Aire Associates LLC

MARSH VIEW ESTATES
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Audubon Park Landing, LLC

Parquelynn Village

Worthington Apartments

106 W Stroud St

173 N Monroe St

Washington Heights Apartments

405 Stark St

628 E Monroe 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.

4175 N 91st St

215 N Spring St

Lincoln Ridge
Lebanon, WI Local Guide

How much does it cost to rent an apartment in Lebanon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lebanon Studio Apartments | $1,415 | $1,265 | $1,490 |
| Lebanon 1 Bedroom Apartments | $1,524 | $400 | $3,707 |
| Lebanon 2 Bedroom Apartments | $1,752 | $617 | $6,337 |
| Lebanon 3 Bedroom Apartments | $2,274 | $822 | $7,340 |
| Lebanon 4 Bedroom Apartments | $1,001 | $1,001 | $1,001 |
Browse Top Apartments in Lebanon
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Lebanon, WI Local Guide
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Cheapest Available Lebanon Apartments for Rent and Nearby
 The cheapest available apartment rental in Lebanon, WI is a 1 Bed unit found at Bay Shore Apartments (Elderly) in the Dodge County neighborhood priced from $400. Watertown East Apartments in the Concord Estates neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $870. Here is today’s list of the most affordable Lebanon apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bay Shore Apartments (Elderly) | Senior Living | 1BR,1BA | $400 |
| Watertown East Apartments | Garden Style | 2BR,1BA | $870 |
| JJGF 2 - 851-861 Evergreen Dr | One bedroom | 1BR,1BA | $1,090 |
| 109 E Monroe Ave | 2x1 | 2BR,1BA | $1,100 |
| Hillcrest Apartments | B1 SR - B1 SR | 1BR,1BA | $1,195 |
| Lumin Terrace | 8 - Upper | 1BR,1BA | $1,235 |
| Morningside Orchard Apartments | 1 Bedroom Apartment (Upper) | 1BR,1BA | $1,275 |
| Rincon 225 | 1B | 1BR,1BA | $1,365 |
| Berkshire Oconomowoc Senior Apartments | Unit H | 2BR,1BA | $1,458 |
| Parquelynn Village | Oakwood | 2BR,1BA | $1,554 |
Best Value Apartments for Rent in Lebanon, WI and Nearby
As of July 28, 2026 the best value apartment in the Lebanon area is the $1.46 price per square foot 2 Bed 1 Bath (3)(6) Model at The Ponds in the in the Whispering Woods neighborhood starting from $1,799. The second greatest value Lebanon apartment is the 2 bedroom 2 bath 1 or 2 car att. garage Model at Wilson Heights starting at $1,669 with a $1.43 price per square foot in the Partridge Hollow 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. |
|---|---|---|---|
| The Ponds | 2 Bed 1 Bath (3)(6) | 2BR,1BA | $1.46 |
| Wilson Heights | 2 bedroom 2 bath 1 or 2 car att. garage | 2BR,2BA | $1.43 |
| Parquelynn Village | Oakwood | 2BR,1BA | $1.44 |
| 109 E Monroe Ave | 2x1 | 2BR,1BA | $1.05 |
| Woodnote Residences | Cedar | 1BR,1BA | $1.82 |
| Berkshire Oconomowoc Senior Apartments | Unit H | 2BR,1BA | $1.65 |
| Watertown East Apartments | Garden Style | 2BR,1BA | $1.09 |
| JJGF 2 - 851-861 Evergreen Dr | One bedroom | 1BR,1BA | $1.45 |
| Lumin Terrace | 8 - Upper | 1BR,1BA | $1.82 |
| Bay Shore Apartments (Elderly) | Senior Living | 1BR,1BA | $0.71 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lebanon, WI Rentals by Map
See the most popular apartments and homes in Lebanon, WI
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 $400 at Bay Shore Apartments (Elderly).
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 $870 at Watertown East Apartments.
What is the most affordable Lebanon Three Bedroom Apartment?
The best deal on a cheap Lebanon Three Bedroom Apartment rental is at Watertown East Apartments and starts from $984.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.