
Cheap Homes for Rent in Lebanon, IL from $700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Lebanon.


717 White Oak Dr

124 Carson Dr

324 Hickory Ct

805 N Cherry St

208 Eagle Ridge
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Lebanon, IL 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 | $1,166 | $875 | $1,495 |
Lebanon 3 Bedroom Homes for Rent | $1,993 | $1,295 | $2,950 |
Lebanon 4 Bedroom Homes for Rent | $2,000 | $1,575 | $2,700 |
Browse Top Homes for Rent in Lebanon
Explore Lebanon
Lebanon, IL Local Guide
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Cheapest Available Lebanon Apartments for Rent and Nearby
 The cheapest available apartment rental in Lebanon, IL is a 1 Bed unit found at 215 anderson lane A in the Green Mount Manor neighborhood priced from $825. Bouse Apartment Homes in the Metro East neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $845. Here is today’s list of the most affordable Lebanon apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
215 anderson lane A | 1 BR / 1 BA | 1BR,1BA | $825 |
Bouse Apartment Homes | 1 Bedroom 1 Bath | 1BR,1BA | $845 |
Green Door Apartments | Your Next Home + $100 Off Monthly Rent + 1 Mont... | 1BR,1BA | $900 |
Best Value Apartments for Rent in Lebanon, IL and Nearby
As of April 21, 2025 the best value apartment in the Lebanon area is the $1.28 price per square foot Renovated 2 Bedroom Model at Cantwell Crossing Apartments and Townhomes in the in the Sullivan Manors neighborhood starting from $1,515. The second greatest value Lebanon apartment is the Two Bedroom Model at Brookside Manor starting at $1,300 with a $1.18 price per square foot in the OFallon 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. |
---|---|---|---|
Cantwell Crossing Apartments and Townhomes | Renovated 2 Bedroom | 2BR,2BA | $1.28 |
Brookside Manor | Two Bedroom | 2BR,1.5BA | $1.18 |
Reside Here Apartments & Rentals | 2BR/1.5BA | 2BR,1.5BA | $1.14 |
Winchester Place Apartments | 2 Bedroom / 2 Bath 1097 sq ft | 2BR,2BA | $1.17 |
Storyboard on Shan | Shan B1 | 2BR,2BA | $1.35 |
Townhomes on Luan Drive | 2BR | 2BR,1.5BA | $1.35 |
215 anderson lane A | 2 BR / 1 BA | 2BR,1BA | $1.07 |
Storyboard on Wisteria | Wisteria B1 | 2BR,1BA | $1.34 |
Storyboard on Rockwood | Rockwood A1 | 1BR,1BA | $1.14 |
Green Door Apartments | Your Next Home + $100 Off Monthly Rent + 1 Mont... | 1BR,1BA | $1.29 |
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Frequently Asked Questions about Lebanon
What type of rentals are currently available in Lebanon?
There are currently 48 Apartments for Rent in Lebanon, IL with pricing that ranges from $635 to $3,200. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lebanon ranging from $725 to $2,950.
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 $2,950 with an average monthly rent of $1,551.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.