Cheap Apartments for Rent in the Downtown Lebanon Neighborhood of Lebanon, TN from $700 (11 Rentals)

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

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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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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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Cedarwood Apartments
2 Bedroom Apartments

Cedarwood Apartments

110 Cedarwood DrLebanon, TN 37087
  • Utilities Included

Downtown Lebanon, Lebanon, TN Local Guide

Cheapest Available Downtown Lebanon Apartments for Rent

 

The cheapest available apartment rental in the Downtown Lebanon area of Lebanon, TN is a 1 Bed unit found at The Reserve at Lebanon priced from $1,129. Meadows of Lebanon Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,132. Here are the most affordable Downtown Lebanon apartments for rent in Lebanon, TN:

Apartment ListingModel NameBed/BathPriced From
The Reserve at Lebanon1 Bed / 1 Bath Upgraded1BR,1BA$1,129
Meadows of Lebanon Apartments1x1 60%1BR,1BA$1,132
Rollingwood Apartments2BD/1BA2BR,1BA$1,150
Greentree Pointe2 Bedroom Ranch2BR,2BA$1,179
Spring Hill TownhomesTwo Bedroom Two Bath Townhome2BR,2BA$1,204

Best Value Apartments for Rent in Downtown Lebanon, TN

As of October 13, 2025 the best value apartment in the Downtown 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 Downtown Lebanon apartment is the Unit 6 Model at Cedar City Townhomes starting at $1,750 with a $1.11 price per square foot in the Downtown Lebanon neighborhood. Here is today’s list of the best values for Downtown Lebanon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
South Maple Townhomes3A3BR,2.5BA$1.22
Cedar City TownhomesUnit 63BR,2.5BA$1.11
439 Hobbs Ave, Unit 2439 Hobbs Ave3BR,3.5BA$1.33
East Adams Townhomes2 Beds, 1.5 baths2BR,1.5BA$1.20
Revere at Barton's Run2 Bedroom Craftsman Premier2BR,2BA$1.33
517 Melrose StMelrose , Unit C2BR,1.5BA$1.27
Bluebird Townhomes2 Bedroom2BR,1.5BA$1.30
Spring Hill TownhomesTwo Bedroom Two Bath Townhome2BR,2BA$1.10
Rollingwood Apartments2BD/1BA2BR,1BA$1.30
Greentree Pointe2 Bedroom Ranch2BR,2BA$1.37

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Pet Friendly Lifestyle
Downtown Lebanon, 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 comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Lebanon, TN. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Downtown Lebanon Neighborhood in Lebanon, TN

Walk Score®

54 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

49 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Downtown Lebanon Apartments

What is the price of a cheap apartment in Downtown Lebanon?

The cheapest apartment in Downtown Lebanon is The Reserve at Lebanon which is listed at $1,129, while the average apartment in Downtown Lebanon costs $2,250.

What types of apartments are the cheapest in Downtown 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 12 regular apartments in Downtown 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 Downtown Lebanon?

Cheap apartments in Downtown Lebanon have an average cost of $153 which is $2,097 cheaper than the average rent for all rentals in Downtown 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.