Cheap Homes for Rent in Lebanon, MO from $500 (12 Rentals)

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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.

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, 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

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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Frequently Asked Questions about Lebanon

What type of rentals are currently available in Lebanon?

There are currently 62 Apartments for Rent in Lebanon, MO with pricing that ranges from $400 to $2,605. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lebanon ranging from $500 to $3,800.

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 $500 to $3,800 with an average monthly rent of $1,317.

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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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

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.