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

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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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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The Brakeman Apartments
Studio to 2 Bedroom Apartments

The Brakeman Apartments

230 S Lebanon StLebanon, IN 46052
Corporate Housing

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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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

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Lebanon, IN Local Guide

Cheapest Neighborhoods for Apartments in Lebanon, IN

Pricing Updated: 06/09/2026

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$5,629$749344

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. Kise Estates Apartments in the Lebanon Whitestown neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,250. Here is today’s list of the most affordable Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
451 Lebanon Apartments1D1BR,1BA$990
Kise Estates ApartmentsTwo Bedroom2BR,1BA$1,250
Melrose Place2x12BR,1BA$1,279
Hickory CottagesAlley-OopStudio,1BA$1,589

Best Value Apartments for Rent in Lebanon, IN

As of June 09, 2026 the best value apartment in the Lebanon area is the $1.88 price per square foot Fast Break Model at Hickory Cottages in the in the Lebanon Whitestown neighborhood starting from $1,699. The second greatest value Lebanon apartment is the 2x1 Model at Melrose Place starting at $1,279 with a $1.42 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.
Hickory CottagesFast Break1BR,1BA$1.88
Melrose Place2x12BR,1BA$1.42
451 Lebanon Apartments1A1BR,1BA$1.63

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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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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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.