Cheap Homes for Rent in Lebanon, IL from $700 (12 Rentals)

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Lebanon, IL Local Guide

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 ListingModel NameBed/BathPriced From
215 anderson lane A1 BR / 1 BA1BR,1BA$825
Bouse Apartment Homes1 Bedroom 1 Bath1BR,1BA$845
Green Door ApartmentsLimited Time Only $9001BR,1BA$900
Meadows at Shadow Ridge1BR/1BA1BR,1BA$900
Metro Apartments At Collinsville1BD/1BA Reno1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Storyboard on WisteriaWisteria B32BR,2BA$1.32
Storyboard on Park EntrancePark Entrance B12BR,2BA$1.15
Cantwell Crossing Apartments and TownhomesRenovated 2 Bedroom2BR,2BA$1.22
Reside Here Apartments & Rentals2BR/1.5BA2BR,1.5BA$1.14
Northbrooke CommonsB22BR,2BA$1.36
215 anderson lane A2 BR / 1 BA2BR,1BA$1.07
Storyboard on RockwoodRockwood B22BR,1.5BA$1.20
Winchester Place Apartments2 Bedroom / 2 Bath 980 sq ft2BR,2BA$1.24
Metro Apartments At Collinsville1BD/1BA Reno1BR,1BA$1.29
Green Door ApartmentsLimited Time Only $9001BR,1BA$1.29

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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.

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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.

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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.

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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.

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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.