Cheap Apartments for Rent in Lebanon, MO from $400 (35 Rentals)

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Cheap Apartments 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
Studio Apartments

Wyota Commons

1221 Millcreek RdLebanon, MO 65536
  • Utilities Included
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Wyota Commons West
Studio Apartments

Wyota Commons West

2071 W Elm StLebanon, MO 65536
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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
  • Utilities Included
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Wynnewood
1 Bedroom Apartments

Wynnewood

3342 E Linwood StSpringfield, MO 65804
  • Utilities Included

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
Hillcrest 901 Bedroom1BR,1BA$695
Town and Campus1 Bedroom 1 Bath1BR,1BA$720
The Greens at SpringfieldClassic1BR,1BA$735
Eastview Apartments2 Bedroom2BR,1BA$765
Crosswood Apartments2x22BR,2BA$800
The WillowsStudioStudio,1BA$800
Northgate ApartmentsOne Bedroom1BR,1BA$835

Best Value Apartments for Rent in Lebanon, MO and Nearby

As of May 06, 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 2x2 Model at Crosswood Apartments starting at $800 with a $0.73 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
Crosswood Apartments2x22BR,2BA$0.73
DrydenTwo Bedroom, 1.5 Bathroom Townhome - Renovated2BR,1.5BA$1.22
Deeswood Village ApartmentsThe Flat2BR,1.5BA$1.03
Coryell Courts ApartmentsTimothy 21BR,1BA$1.28
Cedarstone & Oak LeafCedarstone 2 Bedroom, 1 Bathroom2BR,1BA$1.27
North Terrace Apartments2 x 1 Small2BR,1BA$0.73
Eastview Apartments2 Bedroom2BR,1BA$1.14
Hillcrest 901 Bedroom1BR,1BA$1.06
Town and Campus1 Bedroom 1 Bath1BR,1BA$1.11

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lebanon, MO Rentals by Map

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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

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 The Willows listed at $800.

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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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

Written by: Brandie Parton

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

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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.

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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.