
Cheap Homes for Rent in Lebanon, OR from $1,200 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Lebanon.


281 N Main St

212 Grove St

930 SW Elm St

329 W Maple St

4154 SE Davidson St
Lebanon, OR 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 | $1,553 | $1,300 | $1,700 |
Lebanon 3 Bedroom Homes for Rent | $2,250 | $1,750 | $2,600 |
Lebanon 4 Bedroom Homes for Rent | $2,861 | $2,595 | $3,300 |
Browse Top Homes for Rent in Lebanon
Explore Lebanon
Lebanon, OR Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Lebanon Apartments for Rent
 The cheapest available apartment rental in Lebanon, OR is a Studio unit found at McKinney Lane Apartments priced from $1,199. Aspen Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here is today’s list of the most affordable Lebanon apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
McKinney Lane Apartments | Elm (ADA) | Studio,1BA | $1,199 |
Aspen Place Apartments | 1 Bedroom - Outside Gate | 1BR,1BA | $1,300 |
Hickory Lake | 1x1 ADA | 1BR,1BA | $1,425 |
Best Value Apartments for Rent in Lebanon, OR
As of April 07, 2025 the best value apartment in the Lebanon area is the $1.50 price per square foot 319 E Dodge St Model at 319 E Dodge St, Unit 319 in the starting from $1,650. The second greatest value Lebanon apartment is the 2 x 2 Model at Parkside Apartments starting at $1,525 with a $1.47 price per square foot . 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. |
---|---|---|---|
319 E Dodge St, Unit 319 | 319 E Dodge St | 2BR,1.5BA | $1.50 |
Parkside Apartments | 2 x 2 | 2BR,2BA | $1.47 |
169-Franklin Commons | 2x2 | 2BR,2BA | $1.70 |
Cascade Ridge | 2x2 B | 2BR,2BA | $1.73 |
565 Manor Way, Unit #1 | 565 Manor Way | 2BR,1BA | $1.79 |
Hickory Lake | 1x1 ADA | 1BR,1BA | $1.79 |
The Lodges at Lebanon | 1 Bed 1 Bath | 1BR,1BA | $1.96 |
Aspen Place Apartments | 1 Bedroom | 1BR,1BA | $1.79 |
McKinney Lane Apartments | Pine | 1BR,1BA | $2.40 |
2815 Birch St, Unit 2 | 2815 Birch St | 1BR,1BA | $1.46 |
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 92 Apartments for Rent in Lebanon, OR with pricing that ranges from $637 to $2,195. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lebanon ranging from $1,295 to $3,300.
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 $1,295 to $3,300 with an average monthly rent of $1,890.
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.

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.

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.