Cheap Apartments for Rent in the Colonial Village Neighborhood of Lebanon, TN from $700 (10 Rentals)

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

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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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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 Studio unit found at Summerfield Apartments priced from $999. Westgate Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,029. Here are the most affordable Colonial Village apartments for rent in Lebanon, TN:

Apartment ListingModel NameBed/BathPriced From
Summerfield ApartmentsStudioStudio,1BA$999
Westgate Apartment Homes1B1BS1BR,1BA$1,029
The Reserve at Lebanon1 Bed / 1 Bath Upgraded1BR,1BA$1,129

Best Value Apartments for Rent in Colonial Village, TN

As of November 15, 2025 the best value apartment in the Colonial Village area is the $1.21 price per square foot C1 Model at Legends Townhomes in the in the Colonial Village neighborhood starting from $2,250. The second greatest value Colonial Village apartment is the Unit 15 -3-bedroom Model at Flats at Melrose starting at $1,895 with a $1.05 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.
Legends TownhomesC13BR,2.5BA$1.21
Flats at MelroseUnit 15 -3-bedroom3BR,2.5BA$1.05
East Adams Townhomes2 Beds, 1.5 baths2BR,1.5BA$1.20
South Maple Townhomes2A2BR,2.5BA$1.24
Revere at Barton's Run2 Bedroom Craftsman Select2BR,2BA$1.18
Hamilton Station2 Bedroom Craftsman2BR,2BA$1.15
Hunters CreekWillow Renovated2BR,2BA$1.42
Limestone Trail ApartmentsTwo Bed2BR,2BA$1.46
Rollingwood Apartments2BD/1BA2BR,1BA$1.30
Greentree Pointe2 Bedroom Ranch2BR,2BA$1.37

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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Pet Friendly Lifestyle
Colonial Village, Lebanon, TN

Ranked #1

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

Pet Friendliness Lifestyle Score

3.5
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 $1,029 at Westgate Apartment Homes.

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 $1,150 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 Rollingwood Apartments and starts from $1,383.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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.