Cheap Apartments for Rent in Lebanon, TN from $700 (15 Rentals)

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

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.

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.

property at 501 Wilson Ave

501 Wilson Ave

LebanonTN37087
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Ridge at Lebanon
1 to 3 Bedroom Apartments

Ridge at Lebanon

502 Fairview AveLebanon, TN 37087
  • 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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Cedarwood Apartments
2 Bedroom Apartments

Cedarwood Apartments

110 Cedarwood DrLebanon, TN 37087
  • Utilities Included

Lebanon, TN Local Guide

Cheapest Neighborhoods for Apartments in Lebanon, TN

Pricing Updated: 09/19/2025

Current apartment rentals in the Lebanon, TN area range in price from $1,029 to $2,409 with an overall median price of $2,015. The three Lebanon neighborhoods with the lowest median rent pricing are Hamilton Springs at $1,157, Five Oaks at $1,157, and Hillview Farms at $1,157. Here is today’s list of the top 6 neighborhoods with the lowest median pricing for Lebanon Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Hamilton Springs$1,730$1,15784
Five Oaks$1,735$1,15781
Hillview Farms$1,875$1,15742
Colonial Village$2,250$1,029152
Downtown Lebanon$2,250$1,02996
West End Heights$2,250$1,029116

Cheapest Available Lebanon Apartments for Rent

 

The cheapest available apartment rental in Lebanon, TN is a 1 Bed unit found at Westgate Apartment Homes in the Colonial Village neighborhood priced from $1,029. The Reserve at Lebanon in the Colonial Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,029. Here is today’s list of the most affordable Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Westgate Apartment Homes1B1BS1BR,1BA$1,029
The Reserve at Lebanon1 Bed / 1 Bath1BR,1BA$1,029
Greentree Pointe2 Bedroom Ranch2BR,2BA$1,179
Spring Hill TownhomesTwo Bedroom Two Bath Townhome2BR,2BA$1,204
Ironwood ApartmentsOne Bedroom1BR,1BA$1,220

Best Value Apartments for Rent in Lebanon, TN

As of September 19, 2025 the best value apartment in the Lebanon area is the $1.22 price per square foot 3A Model at South Maple Townhomes in the in the Colonial Village neighborhood starting from $2,100. The second greatest value Lebanon apartment is the The Emma Model at Cedar City Townhomes starting at $1,750 with a $1.13 price per square foot in the Downtown Lebanon 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.
South Maple Townhomes3A3BR,2.5BA$1.22
Cedar City TownhomesThe Emma3BR,2.5BA$1.13
439 Hobbs Ave, Unit 1439 Hobbs Ave3BR,3.5BA$1.33
East Adams Townhomes2 Beds, 1.5 baths2BR,1.5BA$1.20
Hamilton Station2 Bedroom Craftsman2BR,2BA$1.18
Revere at Barton's Run2 Bedroom Craftsman Premier2BR,2BA$1.28
517 Melrose StMelrose, Unit B2BR,1.5BA$1.27
Bluebird Townhomes2 Bedroom2BR,1.5BA$1.30
Spring Hill TownhomesTwo Bedroom Two Bath Townhome2BR,2BA$1.10
Greentree Pointe2 Bedroom Ranch2BR,2BA$1.37

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

Explore Lebanon, TN Rentals by Map

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Getting Around Lebanon, TN

Walk Score®

34 / 100

Car-Dependent

Most errands require a car

Bike Score®

38 / 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

What is the price of a cheap apartment in Lebanon?

The cheapest apartment in Lebanon is Westgate Apartment Homes which is listed at $1,029, while the average apartment in Lebanon costs $2,015.

What types of apartments are the cheapest in Lebanon?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 50 regular apartments in Lebanon that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lebanon?

Cheap apartments in Lebanon have an average cost of $427 which is $1,588 cheaper than the average rent for all rentals in Lebanon.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.