Cheap Apartments for Rent in the Downtown Lebanon Neighborhood of Lebanon, TN from $700 (50 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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Revere at Barton's Run
Rent Specials
$1,299 - $1,889
Total Monthly Price

Total Monthly Price

Base Rent
$1,299 - $1,889

Total Monthly Price
$1,299 - $1,889
1 to 3 Bedroom Apartments Available Now

Revere at Barton's Run

100 Bartons Run TraceLebanon, TN 37090
Family Friendly
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  • Customer Reviewed
  • Utilities Included

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.

property at 607 Tater Peeler Rd

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

3 Bedroom, 2 Bath Home for Rent

Available Now

607 Tater Peeler Rd

LebanonTN37087
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112 Ten Throw Dr, Unit A
$1,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400
2 Bedroom Apartment Available Now

112 Ten Throw Dr, Unit A

112 Ten Throw DrLebanon, TN 37087
Affordability
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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.

property at 1106 Bel Air Dr

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

3 Bedroom, 1.5 Bath Home for Rent

Available Now

1106 Bel Air Dr

LebanonTN37087
property at 420 Park Ave

$1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,695

Total Monthly Price
$1,695

3 Bedroom, 2.5 Bath Townhome for Rent

Available Now

420 Park Ave

LebanonTN37087
property at 540 Ellen Rd

$1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,695

Total Monthly Price
$1,695

3 Bedroom, 2.5 Bath Home for Rent

Available Now

540 Ellen Rd

LebanonTN37087

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.

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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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Rollingwood Apartments
2 to 3 Bedroom Apartments

Rollingwood Apartments

100 Rollingwood DrLebanon, TN 37087
  • Utilities Included
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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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The Edge on Main
2 Bedroom Apartments

The Edge on Main

120 West End HtsLebanon, TN 37087
property at 624 Leeville Pike

$1,325

Total Monthly Price

Total Monthly Price

Base Rent
$1,325

Total Monthly Price
$1,325

2 Bedroom, 2 Bath Home for Rent

Available Now

624 Leeville Pike, Unit A

624 Leeville Pike
LebanonTN37087
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Wood Falls
2 to 3 Bedroom Apartments

Wood Falls

201 Carver LnLebanon, TN 37087
property at 706 Vincent-Cason Ave

$1,375

Total Monthly Price

Total Monthly Price

Base Rent
$1,375

Total Monthly Price
$1,375

2 Bedroom, 2 Bath Townhome for Rent

Available Now

706 Vincent-Cason Ave

LebanonTN37087
property at 418 Sam Houston Dr

$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

418 Sam Houston Dr, Unit A

418 Sam Houston Dr
LebanonTN37087
property at 345 Franklin Terrace

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

2 Bedroom, 2 Bath Condo for Rent

Available Now

345 Franklin Terrace

LebanonTN37087

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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Maple Crossing
2 to 3 Bedroom Apartments

Maple Crossing

100 Maple Crossing DrLebanon, TN 37087
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517 Melrose St
2 Bedroom Apartments

517 Melrose St

517 Melrose StLebanon, TN 37087
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Flats at Melrose
2 to 3 Bedroom Apartments

Flats at Melrose

521 Melrose StLebanon, TN 37087
property at 540 Ellen Rd

$1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,695

Total Monthly Price
$1,695

3 Bedroom, 3 Bath Condo for Rent

Available Now

540 Ellen Rd

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.

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 $1,059. 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 ListingModel NameBed/BathPriced From
The Reserve at Lebanon1 Bed / 1 Bath Upgraded1BR,1BA$1,059
Crosswinds Condominiums1 BR 1 BA Flat1BR,1BA$1,095
The Highlands3B-RAD-50%3BR,2BA$1,182
Greentree Pointe2 Bedroom Townhome2BR,2BA$1,183
Hunters CreekCedar1BR,1BA$1,309
Revere at Barton's Run1 Bedroom Premier1BR,1BA$1,319
Bluebird Townhomes1235 Bluebird, Unit D2BR,1BA$1,445
Maple Crossing2 Bedroom 2 Bath2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Legends Townhomes3 Bedrooms, 2.5 Bathrooms3BR,2.5BA$1.08
South Maple Townhomes3A3BR,2.5BA$1.16
Cedar City TownhomesUnit 273BR,2.5BA$1.11
310 Cedar St. (Units 5-12)2BR/2.5BA2BR,2.5BA$1.26
Hartmann PlantationThe Cottonwood2BR,2.5BA$1.39
Maple Crossing2 Bedroom 2 Bath2BR,2BA$1.30
Bluebird Townhomes1200 Bluebird, Unit D2BR,1.5BA$1.31
Ironwood Apartments2 x 22BR,2BA$1.36
Tower 829 Apartments2BR/2.0BA2BR,2BA$1.50
Greentree Pointe2 Bedroom Ranch2BR,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.

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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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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

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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.

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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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.