Cheap Apartments for Rent in the Colonial Village Neighborhood of Lebanon, TN from $700 (55 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Colonial Village area of Lebanon.

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 607 Tater Peeler Rd

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

3 Bedroom, 2 Bath Home for Rent

Available Now

607 Tater Peeler Rd

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 403 Augustine Dr

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

3 Bedroom, 2.5 Bath Townhome for Rent

Available Jun 1

403 Augustine Dr

LebanonTN37087

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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property at 132 Cherry St

$1,875

Total Monthly Price

Total Monthly Price

Base Rent
$1,875
Total Monthly Price
$1,875

3 Bedroom, 2 Bath Home for Rent

Available Now

132 Cherry St

LebanonTN37087
property at 420 Park Ave

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

3 Bedroom, 2.5 Bath Townhome for Rent

Available Now

420 Park Ave

LebanonTN37087
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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
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Wood Falls
2 to 3 Bedroom Apartments

Wood Falls

201 Carver LnLebanon, TN 37087

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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517 Melrose St
2 Bedroom Apartments

517 Melrose St

517 Melrose StLebanon, TN 37087
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Maple Crossing
2 to 3 Bedroom Apartments

Maple Crossing

100 Maple Crossing DrLebanon, TN 37087
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713 Mulberry St
2 Bedroom Apartments

713 Mulberry St

713 Mulberry StLebanon, TN 37087
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Cedar Landing
3 Bedroom Apartments

Cedar Landing

106 Maybrook DrLebanon, TN 37087

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 2

Colonial Village, Lebanon, TN Local Guide

Cheapest Available Colonial Village Apartments for Rent

 

The cheapest available apartment rental in the Colonial Village area of Lebanon, TN is a 1 Bed unit found at Hartmann Plantation priced from $1,232. The Pointe at Five Oaks has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,239. Here are the most affordable Colonial Village apartments for rent in Lebanon, TN:

Apartment ListingModel NameBed/BathPriced From
Hartmann PlantationThe Kathryn1BR,1BA$1,232
The Pointe at Five OaksA1 Huckleberry - One Bedroom, One Bathroom1BR,1BA$1,239
Rollingwood Apartments2BD/1BA2BR,1BA$1,309
Revere at Barton's Run1 Bedroom Plus1BR,1BA$1,309
Hamilton Station1 Bedroom Executive1BR,1BA$1,329
Hathaway at Lebanon1 Bedroom Premier1BR,1BA$1,339
Limestone Trail ApartmentsTwo Bed2BR,2BA$1,356
The Fitzroy at Lebanon MarketplaceCedarwood1BR,1BA$1,432
Hunters CreekCedar Renovated1BR,1BA$1,435
Maple Crossing2 Bedroom 2 Bath2BR,2BA$1,453

Best Value Apartments for Rent in Colonial Village, TN

As of April 26, 2026 the best value apartment in the Colonial Village area is the $1.17 price per square foot 3B Model at South Maple Townhomes in the in the Colonial Village neighborhood starting from $2,275. The second greatest value Colonial Village apartment is the 3 Bedrooms, 2.5 Bathrooms Model at Legends Townhomes starting at $2,250 with a $1.21 price per square foot in the Colonial Village neighborhood. Here is today’s list of the best values for Colonial Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
South Maple Townhomes3B3BR,2.5BA$1.17
Legends Townhomes3 Bedrooms, 2.5 Bathrooms3BR,2.5BA$1.21
Flats at MelroseUnit 123BR,2.5BA$1.31
Greentree Pointe3 Bedroom Townhome3BR,2BA$1.26
Maple Crossing2 Bedroom 2 Bath2BR,2BA$1.30
North Cumberland Townhomes - 16 Units2/2.52BR,2.5BA$1.61
Limestone Trail ApartmentsTwo Bed2BR,2BA$1.46
Hathaway at Lebanon1 Bedroom Plus1BR,1BA$1.53
Rollingwood Apartments2BD/1BA2BR,1BA$1.48
Revere at Barton's Run1 Bedroom Plus1BR,1BA$1.52

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The 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.

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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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Quick 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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Pet Friendly Lifestyle
Colonial Village, Lebanon, TN

Ranked #1

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities and towns across the United States and customized analysis for Central Lebanon. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Colonial Village Apartments

How much is rent for a Cheap One Bedroom Colonial Village Apartment?

The lowest price for a Cheap One Bedroom Colonial Village Apartment is $1,232 at Hartmann Plantation.

What is the lowest price for a Cheap Two Bedroom Colonial Village Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Colonial Village is starting from $1,309 at Rollingwood Apartments.

What is the most affordable Colonial Village Three Bedroom Apartment?

The best deal on a cheap Colonial Village Three Bedroom Apartment rental is at Limestone Trail Apartments and starts from $1,524.

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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.