Cheap Homes for Rent in the Downtown Lebanon Neighborhood of Lebanon, TN from $1,300 (10 Rentals)

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

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
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
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

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 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
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
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

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.

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

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

Frequently Asked Questions about Downtown Lebanon

What type of rentals are currently available in Downtown Lebanon?

There are currently 81 Apartments for Rent in Downtown Lebanon, TN with pricing that ranges from $1,095 to $3,064. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lebanon ranging from $1,300 to $3,000.

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 $1,300 to $3,000 with an average monthly rent of $1,936.

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 $1,182 to $3,064, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $2,550. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $1,850.

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 Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

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.