Cheap Apartments for Rent in Lebanon, MO from $400 (40 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lebanon.

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The Highlands
1 to 2 Bedroom Apartments

The Highlands

1525 Tower RdLebanon, MO 65536
  • Utilities Included
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Wyota Commons West
Studio Apartments

Wyota Commons West

2071 W Elm StLebanon, MO 65536
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Wyota Commons
Studio Apartments

Wyota Commons

1221 Millcreek RdLebanon, MO 65536
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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.

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Osage Commons
Studio to 1 Bedroom Apartments

Osage Commons

14175 Highway ZSt. Robert, MO 65584
  • Utilities Included
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Montauk Studios
Studio Apartments

Montauk Studios

209 S Highway 63Licking, MO 65542
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Wynnewood
1 Bedroom Apartments

Wynnewood

3342 E Linwood StSpringfield, MO 65804
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Showing Results 1-40, Page 1 of 1

Lebanon, MO Local Guide

Cheapest Available Lebanon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lebanon, MO is a 2 Beds unit found at North Terrace Apartments in the Northeast neighborhood priced from $575. Oak Place in the Northeast neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
North Terrace Apartments2 x 1 Small2BR,1BA$575
Oak Place1 bedroom1BR,1BA$625
Forest Cove Apartments2x1 - Forest Cove2BR,1BA$625
Eastview ApartmentsStudioStudio,1BA$650
Hillcrest 901 Bedroom1BR,1BA$695
The Greens at SpringfieldClassic1BR,1BA$735
The WillowsStudioStudio,1BA$800
Town and Campus2 Bedroom 1 Bath C2BR,1BA$800
Deeswood Village ApartmentsThe Flat2BR,1BA$875
Coryell Courts ApartmentsOlivia 2Studio,1BA$895

Best Value Apartments for Rent in Lebanon, MO and Nearby

As of May 18, 2025 the best value apartment in the Lebanon area is the $0.89 price per square foot 2 Beds, 2 Baths Model at Parkwood Apartments in the in the Northeast neighborhood starting from $975. The second greatest value Lebanon apartment is the 2bd/2ba (mirrored, stackable washer/dryer) Model at Logan Heights starting at $1,149 with a $1.15 price per square foot . 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.
Parkwood Apartments2 Beds, 2 Baths2BR,2BA$0.89
Logan Heights2bd/2ba (mirrored, stackable washer/dryer)2BR,2BA$1.15
DrydenTwo Bedroom, 1.5 Bathroom Townhome - Renovated2BR,1.5BA$1.22
Town and Campus2 Bedroom 1 Bath C2BR,1BA$0.94
Deeswood Village ApartmentsThe Flat2BR,1.5BA$1.03
Cedarstone & Oak LeafCedarstone 2 Bedroom, 1 Bathroom2BR,1BA$1.27
North Terrace Apartments2 x 1 Small2BR,1BA$0.73
Hillcrest 901 Bedroom1BR,1BA$1.06
The WillowsStudioStudio ,1BA$1.38
Oak Place1 Bed, 1 bath1BR,1BA$1.39

Quick Rent Budget Calculator

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Best Local Schools in
Lebanon, MO

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
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See the most popular apartments and homes in Lebanon, MO

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Getting Around Lebanon, MO

Walk Score®

34 / 100

Car-Dependent

Most errands require a car

Bike Score®

36 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lebanon Apartments

What is the Cheapest Studio apartment in Lebanon?

Currently the most affordable Cheap Studio Apartment in Lebanon is at Eastview Apartments listed at $650.

How much is rent for a Cheap One Bedroom Lebanon Apartment?

The lowest price for a Cheap One Bedroom Lebanon Apartment is $625 at Oak Place.

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 $575 at North Terrace Apartments.

What is the most affordable Lebanon Three Bedroom Apartment?

The best deal on a cheap Lebanon Three Bedroom Apartment rental is at The Crossings at East Cherry and starts from $1,530.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.