Cheap Apartments for Rent in Lebanon, KY from $400 (48 Rentals)

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

property at 145 Montgomery Ct

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

2 Bedroom, 1 Bath Home for Rent

Available Now

145 Montgomery Ct

LebanonKY40033

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.

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Park Lake Apartments
Rent Specials
$1,108 - $1,521
Total Monthly Price

Total Monthly Price

Base Rent
$1,108 - $1,521
Total Monthly Price
$1,108 - $1,521
1 to 3 Bedroom Apartments Available Now

Park Lake Apartments

7100 Leisure LnLouisville, KY 40229
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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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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.

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Buckingham Apartments
1 to 3 Bedroom Apartments

Buckingham Apartments

900 David CtElizabethtown, KY 42701
  • Utilities Included

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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Linda's Place (Age 62+ )
1 to 2 Bedroom Apartments

Linda's Place (Age 62+ )

785 Running Creek DrShepherdsville, KY 40165
Senior Living
  • Utilities Included
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464 Springfield Rd
2 Bedroom Apartments

464 Springfield Rd

464 Springfield RdElizabethtown, KY 42701
Student Housing
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-48, Page 1 of 1

Lebanon, KY Local Guide

Cheapest Available Lebanon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lebanon, KY is a Studio unit found at Town Pointe Apartments priced from $795. Meadow Pointe Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $849. Here is today’s list of the most affordable Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Town Pointe ApartmentsStudioStudio,1BA$795
Meadow Pointe Apartments2 Bedrooms2BR,1BA$849
Woodside Townhomes2 Bedroom Townhome2BR,1BA$850
Tyler Park ApartmentsDuplex-R1BR,1BA$899
Buckingham Apartments14-R1BR,1BA$925
Arlington Park Apartments1+11BR,1BA$925
Breckenridge Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$950
Autovilla TownhomesAutovilla - 2/1.5 TH - $995 (Remodeled & Reduce...2BR,1BA$995
BlackBranch Apartments2 Bedroom2BR,2BA$999
Claysville Landing Apartment Suites2x22BR,2BA$1,075

Best Value Apartments for Rent in Lebanon, KY and Nearby

As of June 28, 2026 the best value apartment in the Lebanon area is the $0.98 price per square foot 3x2 Model at Claysville Landing Apartment Suites in the starting from $1,325. The second greatest value Lebanon apartment is the 2 Bed, 2 Bath Model at Sage Springs starting at $1,400 with a $1.13 price per square foot . 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.
Claysville Landing Apartment Suites3x23BR,2BA$0.98
Sage Springs2 Bed, 2 Bath2BR,2BA$1.13
Green River Lake CommonsThe Dream3BR,2BA$0.94
Brookefield2 Bedroom2BR,2.5BA$1.11
BlackBranch Apartments2 Bedroom2BR,2BA$0.87
Woodlawn Estates2 Beds, 1 Baths2BR,1BA$1.12
Woodside Townhomes2 Bedroom Townhome2BR,1.5BA$0.81
Arlington Park Apartments1+11BR,1BA$0.94
Breckenridge Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$0.99
Meadow Pointe Apartments2 Bedrooms2BR,1BA$0.94

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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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.

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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, KY Rentals by Map

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Frequently Asked Questions about Cheap Lebanon Apartments

What is the Cheapest Studio apartment in Lebanon?

Currently the most affordable Cheap Studio Apartment in Lebanon is at Town Pointe Apartments listed at $795.

How much is rent for a Cheap One Bedroom Lebanon Apartment?

The lowest price for a Cheap One Bedroom Lebanon Apartment is $895 at Town Pointe 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 $849 at Meadow Pointe Apartments.

What is the most affordable Lebanon Three Bedroom Apartment?

The best deal on a cheap Lebanon Three Bedroom Apartment rental is at Green River Lake Commons and starts from $1,144.

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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.