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Newest Homes for Rent in Lebanon, VA

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  • /18

    $1,200 Per Month

    • 3 Beds
    • 2 Baths
    • 1,152 Sq Ft
    • Property for Rent

    406 Ferguson Ln, Lebanon, VA 24266

    This newly renovated home features three bedrooms, two bathrooms, a yard, and an outbuilding. It's in an excellent location, conveniently situated less than five miles from Walmart and the town of Lebanon, Virginia.

    Bee Stuart Stuart & Assoc

    406 Ferguson Ln, Lebanon, VA 24266
  • /13

    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • 768 Sq Ft
    • House for Rent

    2274 Pioneer Dr, Lebanon, VA 24266

    Cute little two bed, one bath house on Pioneer Drive. Home comes with a tiny house on the same lot. Both houses have covered porches and there is a gazebo in the backyard that overlooks cedar creek. It is definitely a unique property. Owner recently had solar panels installed so electricity is covered in the rent. Security deposit is $1200. NO pets allowed. Mowing is the responsibility of the

    Bee Stuart Stuart and Associates

    2274 Pioneer Dr, Lebanon, VA 24266
  • /17

    $1,200 Per Month

    • 3 Beds
    • 2 Baths
    • 1,152 Sq Ft
    • Property for Rent

    406 Ferguson Ln, Lebanon, VA 24266

    This newly renovated home features three bedrooms, two bathrooms, a yard, and an outbuilding. It's in an excellent location, conveniently situated less than five miles from Walmart and the town of Lebanon, Virginia.

    Bee Stuart Stuart and Associates

    406 Ferguson Ln, Lebanon, VA 24266

Frequently Asked Questions

How much does it cost to rent a home in Lebanon, VA?
The median rent for a home in Lebanon, VA is $750 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Lebanon, VA?
To comfortably afford the median rent in Lebanon, VA, a household needs to earn roughly $30,000 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 $750 per month in Lebanon, VA, renters typically need to show $2,250 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, VA?
In Lebanon, VA, the price-to-rent ratio is 29.9, 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
3
Median Rent
$750
Median Condo Rent
$750
How to Rent a Home