
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

451 Lebanon Apartments

Melrose Place

The Flats

Hoosier Estates

118 S East St
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.

517 N Lebanon St

321 W Washington St

Canterbury House Apartments - Lebanon

The Brakeman Apartments

The Flats of Lebanon

Indian Springs Apartments

Slate Run Lebanon LLC
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.

Parkview of Lebanon

Stonegate Meadows

Lebanon Manor Apartments

Stokes Commons

Cedars Court

Brendan Wood

Ulen Court Apartments
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.
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 | $1,634 | $1,519 | $1,749 |
| Cheap Lebanon 1 Bedroom Apartments | $1,358 | $749 | $2,999 |
| Cheap Lebanon 2 Bedroom Apartments | $1,510 | $980 | $2,299 |
| Cheap Lebanon 3 Bedroom Apartments | $2,005 | $1,625 | $2,359 |
Browse Top Apartments in Lebanon
See all Apartments in LebanonExplore Lebanon
Lebanon, IN Local Guide
- Lebanon Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Lebanon, IN
Pricing Updated: 04/24/2026Current 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 | $6,968 | $749 | 446 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 451 Lebanon Apartments | 1D | 1BR,1BA | $990 |
| Melrose Place | 2x1 | 2BR,1BA | $1,279 |
| Hickory Cottages | Assist | 1BR,1BA | $1,449 |
| Honor Meadows Owner LLC | 3 Bedroom 2.5 Bathroom The Lawrence | 3BR,2BA | $2,159 |
Best Value Apartments for Rent in Lebanon, IN
As of April 25, 2026 the best value apartment in the Lebanon area is the $1.47 price per square foot 3 Bedroom 2.5 Bathroom The Lawrence Model at Honor Meadows Owner LLC in the in the Lebanon Whitestown neighborhood starting from $2,159. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Honor Meadows Owner LLC | 3 Bedroom 2.5 Bathroom The Lawrence | 3BR,2.5BA | $1.47 |
| Melrose Place | 2x1 | 2BR,1BA | $1.42 |
| 3715 Perry Worth Rd, Unit 3715 Perry Worth Road | 3715 Perry Worth Rd | 2BR,1BA | $1.64 |
| 451 Lebanon Apartments | 1A | 1BR,1BA | $1.63 |
| Hickory Cottages | Assist | 1BR,1BA | $2.16 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
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
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.
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 $1,279 at Melrose Place.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.