
Cheap Homes for Rent in Lebanon, IL from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Lebanon.


260 Aaron Ct

717 White Oak Dr

124 Carson Dr

425 Williamsburg Dr

708 White Oak Dr

13 Yorkshire Ln

2315 Richland Prairie Blvd

805 N Cherry St

206 Howard Dr

120 W 7th St

324 Hickory Ct
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 | $1,092 | $750 | $1,495 |
Lebanon 3 Bedroom Homes for Rent | $1,945 | $1,300 | $2,950 |
Lebanon 4 Bedroom Homes for Rent | $2,160 | $1,725 | $2,495 |
Browse Top Homes for Rent in Lebanon
Explore Lebanon
Lebanon, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 | Limited Time Only $900 | 1BR,1BA | $900 |
Meadows at Shadow Ridge | 1BR/1BA | 1BR,1BA | $900 |
Metro Apartments At Collinsville | 1BD/1BA Reno | 1BR,1BA | $900 |
Best Value Apartments for Rent in Lebanon, IL and Nearby
As of March 23, 2025 the best value apartment in the Lebanon area is the $1.32 price per square foot Wisteria B3 Model at Storyboard on Wisteria in the in the Willow Walk neighborhood starting from $1,650. The second greatest value Lebanon apartment is the Park Entrance B1 Model at Storyboard on Park Entrance starting at $1,379 with a $1.15 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. |
---|---|---|---|
Storyboard on Wisteria | Wisteria B3 | 2BR,2BA | $1.32 |
Storyboard on Park Entrance | Park Entrance B1 | 2BR,2BA | $1.15 |
Cantwell Crossing Apartments and Townhomes | Renovated 2 Bedroom | 2BR,2BA | $1.22 |
Reside Here Apartments & Rentals | 2BR/1.5BA | 2BR,1.5BA | $1.14 |
Northbrooke Commons | B2 | 2BR,2BA | $1.36 |
215 anderson lane A | 2 BR / 1 BA | 2BR,1BA | $1.07 |
Storyboard on Rockwood | Rockwood B2 | 2BR,1.5BA | $1.20 |
Winchester Place Apartments | 2 Bedroom / 2 Bath 980 sq ft | 2BR,2BA | $1.24 |
Metro Apartments At Collinsville | 1BD/1BA Reno | 1BR,1BA | $1.29 |
Green Door Apartments | Limited Time Only $900 | 1BR,1BA | $1.29 |
Quick 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.
Frequently Asked Questions about Lebanon
What type of rentals are currently available in Lebanon?
There are currently 47 Apartments for Rent in Lebanon, IL with pricing that ranges from $575 to $3,200. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lebanon ranging from $750 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 $750 to $2,950 with an average monthly rent of $1,540.
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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.