Cheap Apartments for Rent in Lebanon, TN from $700 (53 Rentals)

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

property at 607 Tater Peeler Rd

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

3 Bedroom, 2 Bath Home for Rent

Available Now

607 Tater Peeler Rd

LebanonTN37087

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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property at 116 N Tarver Ave

$1,325

Total Monthly Price

Total Monthly Price

Base Rent
$1,325
Total Monthly Price
$1,325

2 Bedroom, 1 Bath Home for Rent

Available Now

116 N Tarver Ave

LebanonTN37087

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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property at 1445 Toshiba Drive, #B

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450
Total Monthly Price
$1,450

3 Bedroom, 1.5 Bath Townhome for Rent

Available Aug 1

1445 Toshiba Drive, #B

LebanonTN37087

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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Ridge at Lebanon
1 to 3 Bedroom Apartments

Ridge at Lebanon

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

Cedarwood Apartments

110 Cedarwood DrLebanon, TN 37087
  • Utilities Included
property at 334 McClain Ave

$1,145

Total Monthly Price

Total Monthly Price

Base Rent
$1,145
Total Monthly Price
$1,145

2 Bedroom, 1 Bath Home for Rent

Available Now

334 McClain Ave

LebanonTN37087
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Rollingwood Apartments
2 to 3 Bedroom Apartments

Rollingwood Apartments

100 Rollingwood DrLebanon, TN 37087
  • Utilities Included
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Maple Crossing
2 to 3 Bedroom Apartments

Maple Crossing

100 Maple Crossing DrLebanon, TN 37087
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Peyton Park Apartments
2 to 3 Bedroom Apartments

Peyton Park Apartments

360 Peyton RdLebanon, TN 37087
Senior Living
  • 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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The Edge on Main
2 Bedroom Apartments

The Edge on Main

120 West End HtsLebanon, TN 37087
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Falls at 109
1 to 3 Bedroom Apartments

Falls at 109

100 Falls BlvdLebanon, TN 37090
property at 116 N Tarver Ave

$1,325

Total Monthly Price

Total Monthly Price

Base Rent
$1,325
Total Monthly Price
$1,325

2 Bedroom, 1 Bath Home for Rent

Available Now

116 N Tarver Ave, Unit A

116 N Tarver Ave
LebanonTN37087
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Wood Falls
2 to 3 Bedroom Apartments

Wood Falls

201 Carver LnLebanon, TN 37087
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Stonehenge - TN
1 to 3 Bedroom Apartments

Stonehenge - TN

2645 Tennessee 109Lebanon, TN 37090
property at 121 Greenlawn Dr

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450
Total Monthly Price
$1,450

2 Bedroom, 2 Bath Home for Rent

Available Now

121 Greenlawn Dr, Unit A

121 Greenlawn Dr
LebanonTN37087
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517 Melrose St
2 Bedroom Apartments

517 Melrose St

517 Melrose StLebanon, TN 37087

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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Lebanon, TN Local Guide

Cheapest Neighborhoods for Apartments in Lebanon, TN

Pricing Updated: 07/10/2026

Current apartment rentals in the Lebanon, TN area range in price from $812 to $3,274 with an overall median price of $1,944. The three Lebanon neighborhoods with the lowest median rent pricing are Colonial Village at $812, Downtown Lebanon at $812, and West End Heights at $812. Here is today’s list of the top 6 neighborhoods with the lowest median pricing for Lebanon Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Colonial Village$1,932$812189
Downtown Lebanon$1,932$812113
West End Heights$1,932$812143
Five Oaks$1,949$81298
Hamilton Springs$1,949$81298
Hillview Farms$1,974$1,02457

Cheapest Available Lebanon Apartments for Rent

 

The cheapest available apartment rental in Lebanon, TN is a 2 Beds unit found at Greentree Pointe in the Colonial Village neighborhood priced from $812. Crosswinds Condominiums in the Colonial Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here is today’s list of the most affordable Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Greentree Pointe2 Bedroom Ranch2BR,2BA$812
Crosswinds Condominiums1 BR 1 BA Flat1BR,1BA$1,095
The Highlands3B-RAD-50%3BR,2BA$1,182
Maple Crossing2 Bedroom 2 Bath2BR,2BA$1,194
The Pointe at Five OaksA2 Hinckley - One Bedroom, One Bathroom1BR,1BA$1,236
Hunters CreekCedar1BR,1BA$1,270
Falls at 109One Bedroom1BR,1BA$1,289
Revere at Barton's Run1 Bedroom Executive1BR,1BA$1,319
Hamilton Station1 Bedroom Executive1BR,1BA$1,329
Stonehenge - TNA11BR,1BA$1,366

Best Value Apartments for Rent in Lebanon, TN

As of July 10, 2026 the best value apartment in the Lebanon area is the $1.08 price per square foot 3 Bedrooms, 2.5 Bathrooms Model at Legends Townhomes in the in the Colonial Village neighborhood starting from $1,999. The second greatest value Lebanon apartment is the 3A Model at South Maple Townhomes starting at $2,100 with a $1.22 price per square foot in the Colonial Village 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.
Legends Townhomes3 Bedrooms, 2.5 Bathrooms3BR,2.5BA$1.08
South Maple Townhomes3A3BR,2.5BA$1.22
Cedar City TownhomesUnit 213BR,2.5BA$1.14
Flats at MelroseUnit 202BR,1.5BA$1.24
Hartmann PlantationThe Cottonwood2BR,2.5BA$1.39
Maple Crossing2 Bedroom 2 Bath2BR,2BA$1.07
Venue at 109Stirling2BR,2BA$1.37
The Highlands2B-PBV-60%2BR,2BA$1.42
Ironwood Apartments2 x 22BR,2BA$1.36
Greentree Pointe2 Bedroom Ranch2BR,2BA$0.95

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

Explore Lebanon, TN Rentals by Map

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Frequently Asked Questions about Cheap Lebanon Apartments

What is the price of a cheap apartment in Lebanon?

The cheapest apartment in Lebanon is Crosswinds Condominiums which is listed at $1,095, while the average apartment in Lebanon costs $1,944.

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 30 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 $171 which is $1,773 cheaper than the average rent for all rentals in Lebanon.

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

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

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.