Cheap Apartments for Rent in Lebanon, SD from $600 (22 Rentals)

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

property at 1020 N 2nd St

1020 N 2nd St

AberdeenSD57401
property at 906 N 2nd St

906 N 2nd St

AberdeenSD57401
property at 10 9th Ave SW

10 9th Ave SW

AberdeenSD57401
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Lebanon, SD Local Guide

Cheapest Available Lebanon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lebanon, SD is a 1 Bed unit found at Riverview Apartments priced from $644. 1631 Olive Dr has the second lowest priced unit, which is a 2 Beds apartment currently listed from $795. Here is today’s list of the most affordable Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverview Apartments1 Bed 1 Bath Apartment1BR,1BA$644
1631 Olive DrTwo Bedroom2BR,1BA$795
Aberdeen Communities1 BED 1BATH1BR,1BA$795
Oakes I & II Apartments2BR/2BA2BR,2BA$825
Forte Living of Aberdeen: 50+ Community!StarlingStudio,1BA$850

Best Value Apartments for Rent in Lebanon, SD and Nearby

As of March 26, 2025 the best value apartment in the Lebanon area is the $1.03 price per square foot TH 4P/B - 1,640 Model at Wheatgrass Village I in the starting from $1,695. The second greatest value Lebanon apartment is the Prairie Village 2 - 3 Bed - 2 Bath Model at Prairie Village Apartments starting at $1,237 with a $1.04 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.
Wheatgrass Village ITH 4P/B - 1,6404BR,2.5BA$1.03
Prairie Village ApartmentsPrairie Village 2 - 3 Bed - 2 Bath3BR,2BA$1.04
Oakes I & II Apartments3BR/1BA3BR,1BA$0.83
Prairie Vista Apartments1702 Abbey Road - 1222BR,2BA$1.01
1631 Olive DrTwo Bedroom2BR,1BA$0.99
Aberdeen Communities1 BED 1BATH1BR,1BA$1.45
Forte Living of Aberdeen: 50+ Community!StarlingStudio ,1BA$1.63
Riverview Apartments1 Bed 1 Bath Apartment1BR,1BA$1.34

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Location, Location, Location!

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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 Forte Living of Aberdeen: 50+ Community! listed at $850.

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

The lowest price for a Cheap One Bedroom Lebanon Apartment is $644 at Riverview Apartments.

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 $795 at 1631 Olive Dr.

What is the most affordable Lebanon Three Bedroom Apartment?

The best deal on a cheap Lebanon Three Bedroom Apartment rental is at Oakes I & II Apartments and starts from $900.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.