
Cheap Apartments for Rent in the Downtown Lebanon Neighborhood of Lebanon, TN from $700 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Lebanon area of Lebanon.


Crosswinds Condominiums

The Highlands

Greentree Pointe

Hartmann Plantation

Ironwood Apartments

Meadows of Lebanon Apartments

1506 Idlewild Dr

102 Clearview Dr

Total Monthly Price
Revere at Barton's Run
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

127 Rocky Rd

607 Tater Peeler Rd

Hunters Creek

634 Leeville Pike

Summerfield Apartments

132 N Tarver Ave

Total Monthly Price
298 Franklin Rd, Unit Franklin Peaceful Garage Studio

125 Holloway Dr

706 Vincent-Cason Ave

Total Monthly Price
112 Ten Throw Dr, Unit A
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Total Monthly Price
The Fitzroy at Lebanon Marketplace

Bluebird Townhomes

1200 Bluebird Rd

Tower 829 Apartments

1106 Bel Air Dr

714 Mulberry St

713 Mulberry St

420 Park Ave

540 Ellen Rd

Saddlebrook Senior Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Ridge at Lebanon

Cedarwood Apartments

Rollingwood Apartments

Peyton Park Apartments

The Edge on Main

624 Leeville Pike, Unit A

Wood Falls

706 Vincent-Cason Ave

418 Sam Houston Dr, Unit A

345 Franklin Terrace
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.

Maple Crossing

517 Melrose St

602 Castle Heights Ave

Flats at Melrose

North Cumberland Townhomes - 16 Units

East Adams Townhomes

310 Cedar St. (Units 5-12)

610 Hartsville Pike

540 Ellen Rd

540 Ellen Rd
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.
Downtown Lebanon, Lebanon, TN Local Guide

How much does it cost to rent an apartment in Downtown Lebanon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lebanon Studio Apartments | $1,350 | $1,350 | $1,350 |
| Downtown Lebanon 1 Bedroom Apartments | $1,438 | $1,095 | $2,284 |
| Downtown Lebanon 2 Bedroom Apartments | $1,561 | $1,170 | $2,475 |
| Downtown Lebanon 3 Bedroom Apartments | $1,941 | $1,182 | $3,064 |
| Downtown Lebanon 4 Bedroom Apartments | $1,896 | $1,850 | $1,920 |
Browse Apartments in this Neighborhood
There are currently 50 rentals with your search options within a 2 mile radius of the Downtown Lebanon Neighborhood of Lebanon, TN.
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Downtown Lebanon, Lebanon, TN Local Guide
- Nearby Lebanon neighborhoods
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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 $1,059. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Reserve at Lebanon | 1 Bed / 1 Bath Upgraded | 1BR,1BA | $1,059 |
| Crosswinds Condominiums | 1 BR 1 BA Flat | 1BR,1BA | $1,095 |
| The Highlands | 3B-RAD-50% | 3BR,2BA | $1,182 |
| Greentree Pointe | 2 Bedroom Townhome | 2BR,2BA | $1,183 |
| Hunters Creek | Cedar | 1BR,1BA | $1,309 |
| Revere at Barton's Run | 1 Bedroom Premier | 1BR,1BA | $1,319 |
| Bluebird Townhomes | 1235 Bluebird, Unit D | 2BR,1BA | $1,445 |
| Maple Crossing | 2 Bedroom 2 Bath | 2BR,2BA | $1,453 |
Best Value Apartments for Rent in Downtown Lebanon, TN
As of August 20, 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 $1,999 with a $1.16 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Legends Townhomes | 3 Bedrooms, 2.5 Bathrooms | 3BR,2.5BA | $1.08 |
| South Maple Townhomes | 3A | 3BR,2.5BA | $1.16 |
| Cedar City Townhomes | Unit 27 | 3BR,2.5BA | $1.11 |
| 310 Cedar St. (Units 5-12) | 2BR/2.5BA | 2BR,2.5BA | $1.26 |
| Hartmann Plantation | The Cottonwood | 2BR,2.5BA | $1.39 |
| Maple Crossing | 2 Bedroom 2 Bath | 2BR,2BA | $1.30 |
| Bluebird Townhomes | 1200 Bluebird, Unit D | 2BR,1.5BA | $1.31 |
| Ironwood Apartments | 2 x 2 | 2BR,2BA | $1.36 |
| Tower 829 Apartments | 2BR/2.0BA | 2BR,2BA | $1.50 |
| Greentree Pointe | 2 Bedroom Ranch | 2BR,2BA | $1.38 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
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 $1,531.
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 14 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 $178 which is $1,353 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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.