Cheap Apartments for Rent in Lebanon, IN from $400 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Lebanon.

Shaker Square

Kise Estates Apartments

Melrose Place
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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Lebanon, IN Local Guide

How much does it cost to rent an apartment in Lebanon?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Lebanon Studio Apartments | $1,569 | $1,549 | $1,589 |
Cheap Lebanon 1 Bedroom Apartments | $1,574 | $880 | $2,729 |
Cheap Lebanon 2 Bedroom Apartments | $1,401 | $980 | $2,099 |
Cheap Lebanon 3 Bedroom Apartments | $2,070 | $1,299 | $2,350 |
Browse Top Apartments in Lebanon
See all Apartments in LebanonExplore Lebanon
Lebanon, IN Local Guide
- Lebanon Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Lebanon, IN
Pricing Updated: 09/09/2025Current 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:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Lebanon Whitestown | $2,197 | $880 | 236 |
Cheapest Available Lebanon Apartments for Rent
 The cheapest available apartment rental in Lebanon, IN is a 1 Bed unit found at Stonegate Meadows in the Lebanon Whitestown neighborhood priced from $908. Kise Estates Apartments in the Lebanon Whitestown neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,170. Here is today’s list of the most affordable Lebanon apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Stonegate Meadows | The Goldenleaf | 1BR,1BA | $908 |
Kise Estates Apartments | Two Bedroom | 2BR,1BA | $1,170 |
Hickory Cottages | Alley-Oop | Studio,1BA | $1,349 |
Honor Meadows Owner LLC | 3 Bedroom 2.5 Bathroom The Lawrence | 3BR,2BA | $2,099 |
Best Value Apartments for Rent in Lebanon, IN
As of September 09, 2025 the best value apartment in the Lebanon area is the $1.45 price per square foot 3 Bedroom 2.5 Bathroom The Bennet Model at Honor Meadows Owner LLC in the in the Lebanon Whitestown neighborhood starting from $2,350. The second greatest value Lebanon apartment is the Two Bedroom Model at Kise Estates Apartments starting at $1,170 with a $1.22 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Honor Meadows Owner LLC | 3 Bedroom 2.5 Bathroom The Bennet | 3BR,2.5BA | $1.45 |
Kise Estates Apartments | Two Bedroom | 2BR,1BA | $1.22 |
Stonegate Meadows | The Goldenleaf | 1BR,1BA | $1.20 |
Hickory Cottages | Assist | 1BR,1BA | $2.16 |
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Best Local Schools in Lebanon, IN
Lebanon Senior High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lebanon, IN Rentals by Map
See the most popular apartments and homes in Lebanon, IN
Getting Around Lebanon, IN
Walk Score®
30 / 100
Car-Dependent
Most errands require a car
Bike Score®
37 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
1 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $908 at Stonegate Meadows.
What is the lowest price for a Cheap Two Bedroom Lebanon Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lebanon is starting from $1,170 at Kise Estates Apartments.
What is the most affordable Lebanon Three Bedroom Apartment?
The best deal on a cheap Lebanon Three Bedroom Apartment rental is at Honor Meadows Owner LLC and starts from $2,099.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.