Cheap Homes for Rent in Downtown Lebanon Neighborhood of Lebanon, TN from $1,300 (15 Rentals)

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

property at 719 Peyton Rd

$1,350

1 Bedroom, 1 Bath Home for Rent

Available Now

719 Peyton Rd

LebanonTN37087
property at 509 Franklin Rd

$1,425

2 Bedroom, 1 Bath Home for Rent

Available Now

509 Franklin Rd

LebanonTN37087
property at 397 Franklin Rd

$1,500

2 Bedroom, 1 Bath Home for Rent

Available Now

397 Franklin Rd

LebanonTN37087
property at 326 W Main St

$1,500

1 Bedroom, 1 Bath Condo for Rent

Available Now

326 W Main St

LebanonTN37087

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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.

property at 1305 Raden Dr

$1,550

3 Bedroom, 1 Bath Home for Rent

Available Now

1305 Raden Dr

LebanonTN37087
property at 311 Cainsville Rd

$1,595

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

311 Cainsville Rd

LebanonTN37087

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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 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

Frequently Asked Questions about Downtown Lebanon

What type of rentals are currently available in Downtown Lebanon?

There are currently 70 Apartments for Rent in Downtown Lebanon, TN with pricing that ranges from $986 to $2,450. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lebanon ranging from $1,350 to $4,000.

What is the current price range for Rental Homes in Downtown Lebanon?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Lebanon ranges from $1,350 to $4,000 with an average monthly rent of $1,932.

How much are larger Three and Four Bedroom Rentals in Downtown Lebanon?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Lebanon range from $1,383 to $2,450, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,550 to $2,500. Four Bedroom Single-Family rentals are also available starting from $2,079 and Four Bedroom Apartments start at $1,775.

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 A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!