Cheap Apartments for Rent in the Downtown Lebanon Neighborhood of Lebanon, TN from $700 (35 Rentals)

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

property at 116 N Tarver Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

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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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

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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The Edge on Main
2 Bedroom Apartments

The Edge on Main

120 West End HtsLebanon, TN 37087
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
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

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.

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

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 2 Beds unit found at Greentree Pointe priced from $812. Crosswinds Condominiums has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here are the most affordable Downtown Lebanon apartments for rent in Lebanon, TN:

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
Meadows of Lebanon Apartments1x1 60%1BR,1BA$1,250
Hunters CreekCedar1BR,1BA$1,270
Revere at Barton's Run1 Bedroom Executive1BR,1BA$1,319
The Fitzroy at Lebanon MarketplaceCedarwood1BR,1BA$1,432
Bluebird Townhomes1235 Bluebird, Unit D2BR,1BA$1,445
Ironwood Apartments2 x 22BR,2BA$1,464

Best Value Apartments for Rent in Downtown Lebanon, TN

As of July 05, 2026 the best value apartment in the Downtown 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 Downtown 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 Downtown 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
Maple Crossing3 Bedroom 2 Bath3BR,2BA$1.24
Flats at MelroseUnit 202BR,1.5BA$1.24
517 Melrose StUnit G2BR,1.5BA$1.27
Hartmann PlantationThe Cottonwood2BR,2.5BA$1.39
Bluebird Townhomes1200 Bluebird, Unit D2BR,1.5BA$1.31
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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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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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!

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 Crosswinds Condominiums which is listed at $1,095, while the average apartment in Downtown Lebanon costs $1,932.

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 17 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 $182 which is $1,750 cheaper than the average rent for all rentals in Downtown 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

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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.

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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.