Apartments for Rent in Lebanon, IL

Prices and availability in Lebanon, IL were last updated on 19 Jul 2026.

The best apartments in Lebanon, IL are: Storyboard on Northtowne, Storyboard on Hayden, 18 Harmon Drive and 410 W. Main St..

The average rent in Lebanon, IL is $899.

The price range for a 2-bedroom apartment in Lebanon, IL is between $1,270 and $1,500.

In Lebanon 40% of the housing is rented out compared to 60% of homes are owned, according to the most recent Census Bureau estimates. 8% of Lebanon's apartments are found in large buildings of 50 units or more, 77% are located in smaller apartment complexes with less than 50 units, and 15% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Lebanon are about 37 years old, on average. Of these, none have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Lebanon come in a range of sizes and floorplans. Studio apartments represent 25% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 75% of the total apartments in the city, while 2-bedroom floorplans represent around 0% of all rentals in Lebanon. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.