
Cheap Homes for Rent in Lebanon, IN from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Lebanon.


411 S East St

110 W Walnut St

1320 Millerwood Ct
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.

1320 Millerwood Dr

4010 W Madison St

1609 N Outer Dr

909 S Lebanon St
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 a home in Lebanon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lebanon 2 Bedroom Homes for Rent | $1,482 | $950 | $2,000 |
| Lebanon 3 Bedroom Homes for Rent | $2,205 | $1,750 | $2,400 |
| Lebanon 4 Bedroom Homes for Rent | $2,437 | $1,895 | $2,900 |
| Lebanon 5 Bedroom Homes for Rent | $2,947 | $2,900 | $2,995 |
Browse Top Homes for Rent in Lebanon
Explore Lebanon
Lebanon, IN Local Guide
- Lebanon Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Lebanon, IN
Pricing Updated: 02/23/2026Current 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 | $2,312 | $880 | 411 |
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 | Shot Clock | 2BR,2BA | $1,559 |
Best Value Apartments for Rent in Lebanon, IN
As of February 23, 2026 the best value apartment in the Lebanon area is the $1.55 price per square foot Tip Off Model at Hickory Cottages in the in the Lebanon Whitestown neighborhood starting from $2,199. The second greatest value Lebanon apartment is the 3 Bedroom 2.5 Bathroom The Alexander Model at Honor Meadows Owner LLC starting at $1,999 with a $1.58 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. |
|---|---|---|---|
| Hickory Cottages | Tip Off | 3BR,2BA | $1.55 |
| Honor Meadows Owner LLC | 3 Bedroom 2.5 Bathroom The Alexander | 3BR,2.5BA | $1.58 |
| Melrose Place | 2x1 | 2BR,1BA | $1.42 |
| 451 Lebanon Apartments | 1A | 1BR,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.
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 Lebanon
What type of rentals are currently available in Lebanon?
There are currently 55 Apartments for Rent in Lebanon, IN with pricing that ranges from $880 to $2,729. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lebanon ranging from $749 to $2,995.
What is the current price range for Rental Homes in Lebanon?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lebanon ranges from $749 to $2,995 with an average monthly rent of $1,964.
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

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.