Apartments for Rent in Lebanon, IL

Prices and availability in Lebanon, IL were last updated on 3 Nov 2026.

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

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 residents are renting compared to 60% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 8% of Lebanon's rentals, 77% are small-scale complexes with under 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.

Studio apartments in Lebanon are around 25% of rentals, while 1-bedroom floor plans represent 75% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 0% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.