Cheap Apartments for Rent in the Colonial Village Neighborhood of Lebanon, TN from $700 (12 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
property at 501 Wilson Ave

501 Wilson Ave

LebanonTN37087

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Cedarwood Apartments
2 Bedroom Apartments

Cedarwood Apartments

110 Cedarwood DrLebanon, TN 37087
  • Utilities Included

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 Westgate Apartment Homes priced from $1,029. The Reserve at Lebanon 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
Westgate Apartment Homes1B1BS1BR,1BA$1,029
The Reserve at Lebanon1 Bed / 1 Bath1BR,1BA$1,029
Greentree Pointe2 Bedroom Ranch2BR,2BA$1,179
The Edge on Main2 Bedroom Large2BR,1BA$1,249
Hartmann PlantationRachel1BR,1BA$1,267

Best Value Apartments for Rent in Colonial Village, TN

As of September 16, 2025 the best value apartment in the Colonial Village 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 Colonial Village apartment is the 439 Hobbs Ave Model at 439 Hobbs Ave, Unit 1 starting at $1,990 with a $1.33 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 Townhomes3A3BR,2.5BA$1.22
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 Traditional2BR,2BA$1.30
517 Melrose StMelrose, Unit B2BR,1.5BA$1.27
Limestone Trail ApartmentsTwo Bed2BR,2BA$1.46
Hathaway at Lebanon1 Bedroom Premier1BR,1BA$1.49
Greentree Pointe2 Bedroom Ranch2BR,2BA$1.37
The Fitzroy at Lebanon MarketplaceCedarwood1BR,1BA$1.64

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Pet Friendly Lifestyle
Colonial Village, Lebanon, TN

Ranked #2

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

What is the price of a cheap apartment in Colonial Village?

The cheapest apartment in Colonial Village is Westgate Apartment Homes which is listed at $1,029, while the average apartment in Colonial Village costs $1,905.

What types of apartments are the cheapest in Colonial Village?

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 5 regular apartments in Colonial Village 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 Colonial Village?

Cheap apartments in Colonial Village have an average cost of $139 which is $1,766 cheaper than the average rent for all rentals in Colonial Village.

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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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

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.