Cheap Apartments for Rent in the Downtown Lebanon Neighborhood of Lebanon, TN from $700 (39 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.

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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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property at 416 Lealand Ln

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

3 Bedroom, 1 Bath Home for Rent

Available Now

416 Lealand Ln

LebanonTN37087
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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

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.

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Peyton Park Apartments
2 to 3 Bedroom Apartments

Peyton Park Apartments

360 Peyton RdLebanon, TN 37087
Senior Living
  • Utilities Included
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Wood Falls
2 to 3 Bedroom Apartments

Wood Falls

201 Carver LnLebanon, TN 37087
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517 Melrose St
2 Bedroom Apartments

517 Melrose St

517 Melrose StLebanon, TN 37087
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Maple Crossing
2 to 3 Bedroom Apartments

Maple Crossing

100 Maple Crossing DrLebanon, TN 37087
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713 Mulberry St
2 Bedroom Apartments

713 Mulberry St

713 Mulberry StLebanon, TN 37087

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 416 Lealand Ln

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

3 Bedroom, 1 Bath Home for Rent

Available Now

416 Lealand Ln

LebanonTN37087
Showing Results 1-39, Page 1 of 1

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 Ironwood Apartments priced from $1,210. Hartmann Plantation has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,232. Here are the most affordable Downtown Lebanon apartments for rent in Lebanon, TN:

Apartment ListingModel NameBed/BathPriced From
Ironwood Apartments1 x 11BR,1BA$1,210
Hartmann PlantationThe Kathryn1BR,1BA$1,232
Rollingwood Apartments2BD/1BA2BR,1BA$1,309
Revere at Barton's Run1 Bedroom Plus1BR,1BA$1,359
The Fitzroy at Lebanon MarketplaceCedarwood1BR,1BA$1,432
Hunters CreekCedar Renovated1BR,1BA$1,435
Meadows of Lebanon Apartments2x2 60%2BR,2BA$1,450
Maple Crossing2 Bedroom 2 Bath2BR,2BA$1,453
Summerfield Apartments2 Bed 1 Bath2BR,1BA$1,469
Spring Hill TownhomesThree Bedroom Two Bath3BR,2BA$1,499

Best Value Apartments for Rent in Downtown Lebanon, TN

As of April 15, 2026 the best value apartment in the Downtown Lebanon area is the $1.17 price per square foot 3B Model at South Maple Townhomes in the in the Colonial Village neighborhood starting from $2,275. The second greatest value Downtown Lebanon apartment is the 3 Bedrooms, 2.5 Bathrooms Model at Legends Townhomes starting at $1,999 with a $1.08 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.
South Maple Townhomes3B3BR,2.5BA$1.17
Legends Townhomes3 Bedrooms, 2.5 Bathrooms3BR,2.5BA$1.08
Bluebird Townhomes1235 Bluebird, Unit B4BR,2.5BA$0.99
Cedar City TownhomesUnit 223BR,2.5BA$1.11
Flats at MelroseUnit 123BR,2.5BA$1.31
Greentree Pointe3 Bedroom Townhome3BR,2BA$1.18
Spring Hill TownhomesThree Bedroom Two Bath3BR,2BA$1.15
Maple Crossing2 Bedroom 2 Bath2BR,2BA$1.30
Meadows of Lebanon Apartments2x2 60%2BR,2BA$1.56
Rollingwood Apartments2BD/1BA2BR,1BA$1.48

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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 Ironwood Apartments which is listed at $1,210, while the average apartment in Downtown Lebanon costs $1,999.

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 37 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 $273 which is $1,726 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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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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.