411.5 S East St
LebanonIN46052
Cheap Homes for Rent in Lebanon, IN from $700 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Lebanon.
1329 Millerwood Ct
LebanonIN46052
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.
424 N Lebanon St
LebanonIN46052
724 W Royal St
LebanonIN46052
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.
909 S Lebanon St
LebanonIN46052
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Lebanon, IN Local Guide
Windpump by AbbyD11 is licensed under CC BY 2.0
How much does it cost to rent a home in Lebanon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lebanon 2 Bedroom Homes for Rent | $1,741 | $995 | $2,250 |
| Lebanon 3 Bedroom Homes for Rent | $2,225 | $1,500 | $3,100 |
| Lebanon 4 Bedroom Homes for Rent | $2,186 | $1,795 | $2,600 |
| Lebanon 5 Bedroom Homes for Rent | $3,438 | $2,530 | $5,700 |
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: 05/24/2026Current 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 | $6,046 | $749 | 348 |
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 |
| Honor Meadows Owner LLC | 3 Bedroom 2.5 Bathroom The Lawrence | 3BR,2BA | $2,199 |
Best Value Apartments for Rent in Lebanon, IN
As of May 25, 2026 the best value apartment in the Lebanon area is the $1.49 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 $2,199. 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 | $1.49 |
| 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 Article
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.
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.
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Best Local Schools in Lebanon, IN
Lebanon Senior High School
Lebanon Community School Corp
Public School - Grades 9-12 (1027)
9 out of 10
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 $749 to $2,719. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lebanon ranging from $749 to $5,700.
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 $5,700 with an average monthly rent of $2,167.
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
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.
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.