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Lebanon, IL Homes for Rent

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    Starting at $200 Per Month

    • Studio - 2 Beds

    600 S Horner St, Lebanon, IL 62254

    Cedars of Lebanon Apartments is a HUD-subsidized affordable housing community designed to provide quality, comfortable apartment living at a rent residents can afford. Through the HUD rental assistance program, qualified residents do not pay the full market rent for their apartment. Instead, a resident’s monthly rent is generally based on their household income, with eligible residents typically

    Cedars of Lebanon Apartments

    600 S Horner St, Lebanon, IL 62254
  • /20

    Starting at $1,100 Per Month

    • 2 - 4 Beds

    102 Perryman St, Lebanon, IL 62254

    https://youtu.be/eM3fBA28g3w Are you tired of living below a noisy neighbor? At University Commons, our residents enjoy a quiet space with some of the largest floor plans around!! Nestled within the heart of Southern Illinois and less than a half hour’s drive off interstate 64 from down town Saint Louis, University Commons offers new construction town homes with the latest updates and

    BSB Apartments

    102 Perryman St, Lebanon, IL 62254
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    $1,325

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 1,000 Sq Ft
    • Townhouse for Rent

    10961 Upland Terrace Dr, Lebanon, IL 62254

    Taking over the remainder of a lease under the name of my retired parent. Duplex includes several pieces of furniture also. Quiet neighborhood, 1 car garage, and small patio area. Primary needed utilities are water and internet. Any questions or concerns please send a message and I can explain more in detail. Serious inquiries only please.

    10961 Upland Terrace Dr, Lebanon, IL 62254
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    $1,600 Per Month

    • 3 Beds
    • 1 Bath
    • 1,376 Sq Ft
    • Apartment for Rent

    218 W Saint Louis St, Lebanon, IL 62254

    Megan VanOrden Hughes Group LLC

    218 W Saint Louis St, Lebanon, IL 62254
  • /23

    $1,150 Per Month

    • 2 Beds
    • 1 Bath
    • 1,200 Sq Ft
    • House for Rent

    1006 Scott Troy Rd, Lebanon, IL 62254

    Available NowCharming 2-bedroom, 1-bath home offering approximately 1,200 square feet of living space. The main level features a spacious living room with carpet and ceiling fan, along with an eat-in kitchen equipped with vinyl flooring, electric stove, range hood, and refrigerator. Both bedrooms are carpeted, with the second bedroom also featuring a ceiling fan. A full hall

    1006 Scott Troy Rd, Lebanon, IL 62254
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    $1,695 Per Month

    • 4 Beds
    • 1.5 Baths
    • 1,984 Sq Ft
    • House for Rent

    513 W Saint Louis St, Lebanon, IL 62254

    Megan VanOrden Hughes Group LLC

    513 W Saint Louis St, Lebanon, IL 62254

Why Live in Lebanon

Lebanon, Illinois, is a small city with a population of around 4,700, known for its historic charm and old-fashioned sensibilities. Located just east of rural farmlands and green spaces, Lebanon features classic architecture and is home to McKendree University, the oldest university in Illinois. The city is about a 30-minute drive from St. Louis and 15 minutes from Scott Air Force Base, making it a convenient location for professionals seeking a slower-paced lifestyle. Central Lebanon is characterized by homes built between the mid-19th and early 20th centuries, including Cape Cods, bungalows, and colonials, often requiring regular upkeep. The north side of the city features newer 21st-century New Traditional homes. The Brick Street Shopping District, with its Victorian storefronts, offers a variety of attractions, including antique stores and modern amenities. Madison Street provides more contemporary shopping options, including fast food and grocery stores. Horner Park offers 58 acres of recreational space, including baseball fields, tennis courts, and a fishing lake, while Trillium Trail and Emerald Mound provide unique outdoor experiences. The Mermaid House, a historic hotel and pub, now serves as a museum. Major routes like U.S. Route 4 make commuting to nearby cities like St. Louis and Springfield straightforward. Medical facilities such as Memorial Hospital Shiloh and Cedar Ridge Health and Rehab Center are also accessible.

Frequently Asked Questions

How much does it cost to rent a home in Lebanon, IL?
The median rent for a home in Lebanon, IL is $1,462 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Lebanon, IL?
To comfortably afford the median rent in Lebanon, IL, a household needs to earn roughly $58,480 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,462 per month in Lebanon, IL, renters typically need to show $4,386 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Lebanon, IL?
In Lebanon, IL, the price-to-rent ratio is 12.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
6
Median Rent
$1,462
Median Single Family Home Rent
$1,400
Median Condo Rent
$1,088
How to Rent a Home