
Cheap Homes for Rent in the Downtown Lebanon Neighborhood of Lebanon, TN from $1,300 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lebanon area of Lebanon.


624 Leeville Pike, Unit A

706 Vincent-Cason Ave

418 Sam Houston Dr, Unit A

345 Franklin Terrace
Rent According to Income: A Look at Income-Restricted Rentals
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602 Castle Heights Ave

540 Ellen Rd

540 Ellen Rd

540 Ellen Rd

420 Park Ave
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.
Downtown Lebanon, Lebanon, TN Local Guide

How much does it cost to rent a home in Downtown Lebanon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lebanon 2 Bedroom Homes for Rent | $1,387 | $1,325 | $1,450 |
| Downtown Lebanon 3 Bedroom Homes for Rent | $1,920 | $1,300 | $2,550 |
| Downtown Lebanon 4 Bedroom Homes for Rent | $2,453 | $2,200 | $2,790 |
| Downtown Lebanon 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Downtown Lebanon Neighborhood of Lebanon, TN.
Explore Lebanon
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 |
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 |
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

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.