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

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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The Brakeman Apartments
Studio to 2 Bedroom Apartments

The Brakeman Apartments

230 S Lebanon StLebanon, IN 46052
Corporate Housing

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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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: 12/08/2025

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$2,325$880325

Cheapest Available Lebanon Apartments for Rent

 

The cheapest available apartment rental in Lebanon, IN is a 1 Bed unit found at The Brakeman Apartments in the Lebanon Whitestown neighborhood priced from $1,149. Kise Estates Apartments in the Lebanon Whitestown neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,190. Here is today’s list of the most affordable Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Brakeman Apartments1x1 A1BR,1BA$1,149
Kise Estates ApartmentsTwo Bedroom2BR,1BA$1,190
Hickory CottagesBaseline1BR,1BA$1,559
451 Lebanon Apartments3A3BR,3BA$1,725
Honor Meadows Owner LLC3 Bedroom 2.5 Bathroom The Alexander3BR,2BA$1,999

Best Value Apartments for Rent in Lebanon, IN

As of December 08, 2025 the best value apartment in the Lebanon area is the $1.58 price per square foot 3 Bedroom 2.5 Bathroom The Alexander Model at Honor Meadows Owner LLC in the in the Lebanon Whitestown neighborhood starting from $1,999. The second greatest value Lebanon apartment is the 3A Model at 451 Lebanon Apartments starting at $1,725 with a $1.46 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.
Honor Meadows Owner LLC3 Bedroom 2.5 Bathroom The Alexander3BR,2.5BA$1.58
451 Lebanon Apartments3A3BR,3BA$1.46
Kise Estates ApartmentsTwo Bedroom2BR,1BA$1.24
Hickory CottagesFast Break1BR,1BA$1.88
The Brakeman Apartments1x1 A1BR,1BA$1.95

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Explore Lebanon, IN Rentals by Map

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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

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 $1,149 at The Brakeman Apartments.

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 $1,190 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 451 Lebanon Apartments and starts from $1,725.

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.