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Studio Apartments for Rent in Lebanon, OR

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    Starting at $1,199 Per Month

    • Studio - 2 Beds

    2211 Mckinney Ln, Lebanon, OR 97355

    McKinney Lane features spacious studio, 1, or 2 bedroom floorplans with large closets and vaulted ceilings. Each home has large private patios or decks with attached storage, a washer/dryer in the unit, and fully equipped kitchens with high energy efficient appliances. Pantries, walk-in closets, and breakfast bars are available in select homes. Now Open: McKinney Lane Phase 2! New luxury

    McKinney Lane Apartments

    2211 Mckinney Ln, Lebanon, OR 97355
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    Starting at $1,400

    Total Monthly Price

    • Studio - 3 Beds

    701 N 5th St, Lebanon, OR 97355

    Nestled in the heart of Lebanon, Oregon, Cascade Ridge Apartments invites you to experience a lifestyle where convenience meets natural beauty. From your bright, open-concept home with private outdoor space, embrace mornings filled with possibility and evenings of peaceful relaxation. Stroll through the community garden, challenge neighbors to games in the lounge, or simply unwind on your patio

    Cascade Ridge

    701 N 5th St, Lebanon, OR 97355

Why Live in Lebanon

Lebanon, known as "Strawberry City," is a suburban community celebrated for its annual Lebanon Strawberry Festival and its rich agricultural history in the Willamette Valley. The city offers a quaint downtown with Victorian homes and vintage storefronts, including the historic Kuhn Cinema. Culinary options range from pizzerias to sushi and gluten-free organic eateries. Lebanon features a variety of home styles, including New Traditional, Craftsman and ranch-style homes, with colorful houses lining the town center and larger properties with barns on the outskirts. The Lowe's Regional Distribution Center, Entek International, and Samaritan Lebanon Community Hospital are key employers. The city is well-connected via the Lebanon Inter-Neighborhood eXpress (LINX) bus system and is less than 10 miles from Interstate 5, providing access to Salem and Eugene. Outdoor enthusiasts can enjoy hiking trails, rafting on the South Santiam River and events at Cheadle Lake Park, such as Guitars Under the Stars. Lebanon's warm-summer Mediterranean climate brings higher rainfall during the winter, which can lead to flooding. The Lebanon Community School District offers a low student-teacher ratio, and higher education options include Western University of Health Sciences and Linn-Benton Community College.

Frequently Asked Questions

How much does it cost to rent a home in Lebanon, OR?
The median rent for a home in Lebanon, OR is $1,875 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Lebanon, OR?
To comfortably afford the median rent in Lebanon, OR, a household needs to earn roughly $75,000 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 $1,875 per month in Lebanon, OR, renters typically need to show $5,625 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, OR?
In Lebanon, OR, the price-to-rent ratio is 17.2, 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
2
Median Rent
$1,875
Median Single Family Home Rent
$2,025
Median Townhouse Rent
$1,575
Median Condo Rent
$1,425
How to Rent a Home