Cheap Apartments for Rent in Lebanon, IN from $400 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lebanon.

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The Flats
1 to 2 Bedroom Apartments

The Flats

223 N Meridian StLebanon, IN 46052
Furnished
  • Smoke Free
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Hoosier Estates
Studio Apartments

Hoosier Estates

830 Campbell StLebanon, IN 46052
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118 S East St
1 Bedroom Apartments

118 S East St

118 S East StLebanon, IN 46052

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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The Brakeman Apartments
Studio to 2 Bedroom Apartments

The Brakeman Apartments

230 S Lebanon StLebanon, IN 46052
Corporate Housing

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Parkview of Lebanon
1 to 2 Bedroom Apartments

Parkview of Lebanon

346 Longley DrLebanon, IN 46052
Corporate Housing
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Stonegate Meadows
1 to 3 Bedroom Apartments

Stonegate Meadows

721 Crown Pointe DrLebanon, IN 46052
  • Utilities Included
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Stokes Commons
1 to 2 Bedroom Apartments

Stokes Commons

900 S Meridian StLebanon, IN 46052
Senior Living
  • Utilities Included
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Cedars Court
2 Bedroom Apartments

Cedars Court

1137 Cedars CtLebanon, IN 46052
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Brendan Wood
1 to 2 Bedroom Apartments

Brendan Wood

2302 Roselawn DrLebanon, IN 46052
  • Utilities Included
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Ulen Court Apartments
1 to 2 Bedroom Apartments

Ulen Court Apartments

131 W Ulen DrLebanon, IN 46052
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-21, Page 1 of 1

Lebanon, IN Local Guide

Cheapest Neighborhoods for Apartments in Lebanon, IN

Pricing Updated: 07/25/2026

Current apartment rentals in the Lebanon, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Lebanon Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Lebanon Whitestown$5,925$880304

Cheapest Available Lebanon Apartments for Rent

 

The cheapest available apartment rental in Lebanon, IN is a 1 Bed unit found at 451 Lebanon Apartments in the Lebanon Whitestown neighborhood priced from $990. Melrose Place in the Lebanon Whitestown neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,279. Here is today’s list of the most affordable Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
451 Lebanon Apartments1D1BR,1BA$990
Melrose Place2x12BR,1BA$1,279
Hickory CottagesAlley-OopStudio,1BA$1,589

Best Value Apartments for Rent in Lebanon, IN

As of July 25, 2026 the best value apartment in the Lebanon area is the $1.42 price per square foot 2x1 Model at Melrose Place in the in the Lebanon Whitestown neighborhood starting from $1,279. The second greatest value Lebanon apartment is the 1A Model at 451 Lebanon Apartments starting at $1,195 with a $1.63 price per square foot in the Lebanon Whitestown neighborhood. Here is today’s list of the best values for Lebanon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Melrose Place2x12BR,1BA$1.42
451 Lebanon Apartments1A1BR,1BA$1.63
Hickory CottagesAlley-OopStudio ,1BA$2.39

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Best Local Schools in
Lebanon, IN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lebanon, IN Rentals by Map

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Frequently Asked Questions about Cheap Lebanon Apartments

How much is rent for a Cheap One Bedroom Lebanon Apartment?

The lowest price for a Cheap One Bedroom Lebanon Apartment is $990 at 451 Lebanon Apartments.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.