Cheap Apartments for Rent in Lebanon, IN from $400 (20 Rentals)

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

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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The Flats of Lebanon
Studio to 2 Bedroom Apartments

The Flats of Lebanon

315 N Lebanon StLebanon, IN 46052
Senior Living

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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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The Flats
2 Bedroom Apartments

The Flats

223 N Meridian StLebanon, IN 46052
Furnished
  • Smoke Free
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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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118 S East St
1 Bedroom Apartments

118 S East St

118 S East StLebanon, IN 46052
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Brendan Wood
2 Bedroom Apartments

Brendan Wood

2302 Roselawn DrLebanon, IN 46052
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Ulen Court Apartments
1 to 2 Bedroom Apartments

Ulen Court Apartments

131 W Ulen DrLebanon, IN 46052
  • Utilities Included

Lebanon, IN Local Guide

Cheapest Neighborhoods for Apartments in Lebanon, IN

Pricing Updated: 06/27/2025

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$3,200$99531

Cheapest Available Lebanon Apartments for Rent

 

The cheapest available apartment rental in Lebanon, IN is a 1 Bed unit found at Kise Estates Apartments in the Lebanon Whitestown neighborhood priced from $1,039. The Brakeman in the Lebanon Whitestown neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,149. Here is today’s list of the most affordable Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Kise Estates ApartmentsOne Bedroom1BR,1BA$1,039
The BrakemanA-ADA1BR,1BA$1,149
451 Lebanon Apartments1C1BR,1BA$1,150
Hickory CottagesAlley-OopStudio,1BA$1,359
Honor Meadows Owner LLC3 Bedroom 2.5 Bathroom The Lawrence3BR,2BA$2,099

Best Value Apartments for Rent in Lebanon, IN

As of June 27, 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 Baseline Model at Hickory Cottages starting at $1,499 with a $1.72 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 Bennet3BR,2.5BA$1.45
Hickory CottagesBaseline1BR,1BA$1.72
3662 Diane Ln, Unit 36623662 Diane Ln2BR,1BA$1.64
451 Lebanon Apartments1A1BR,1BA$1.63
Kise Estates ApartmentsOne Bedroom1BR,1BA$1.48
The BrakemanA-ADA1BR,1BA$1.95

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

Explore Lebanon, IN Rentals by Map

View MapLebanon, IN Apartments MapView MapLebanon, IN Rental Homes Map

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 $1,039 at Kise Estates 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 $1,135 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 $1,625.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.