Cheap Apartments for Rent in the Downtown Lebanon Neighborhood of Lebanon, TN from $700 (13 Rentals)

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

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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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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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Maple Crossing
2 to 3 Bedroom Apartments

Maple Crossing

100 Maple Crossing DrLebanon, TN 37087

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 Studio unit found at Summerfield Apartments priced from $997. Spring Hill Townhomes has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,119. Here are the most affordable Downtown Lebanon apartments for rent in Lebanon, TN:

Apartment ListingModel NameBed/BathPriced From
Summerfield ApartmentsStudioStudio,1BA$997
Spring Hill TownhomesTwo Bedroom Two Bath Townhome2BR,2BA$1,119
The Reserve at Lebanon1 Bed / 1 Bath Upgraded1BR,1BA$1,129
Rollingwood Apartments2BD/1BA2BR,1BA$1,150
Greentree Pointe2 Bedroom Ranch2BR,2BA$1,169

Best Value Apartments for Rent in Downtown Lebanon, TN

As of January 12, 2026 the best value apartment in the Downtown Lebanon area is the $1.21 price per square foot 3 Bedrooms, 2.5 Bathrooms Model at Legends Townhomes in the in the Colonial Village neighborhood starting from $2,250. The second greatest value Downtown Lebanon apartment is the 1235 Bluebird, Unit B Model at Bluebird Townhomes starting at $1,775 with a $0.99 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.
Legends Townhomes3 Bedrooms, 2.5 Bathrooms3BR,2.5BA$1.21
Bluebird Townhomes1235 Bluebird, Unit B4BR,2.5BA$0.99
Flats at MelroseUnit 13-3-bedroom3BR,2.5BA$1.05
South Maple Townhomes3A3BR,2.5BA$1.16
Cedar City TownhomesUnit 173BR,2.5BA$1.16
Maple Crossing3 Bedroom 2 Bath3BR,2BA$1.25
Spring Hill TownhomesThree Bedroom Two Bath3BR,2BA$1.11
Revere at Barton's Run2 Bedroom Craftsman Premier2BR,2BA$1.34
Rollingwood Apartments2BD/1BA2BR,1BA$1.30
Greentree Pointe2 Bedroom Ranch2BR,2BA$1.36

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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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 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 19 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 $142 which is $2,108 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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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!