Cheap Homes for Rent in Lebanon, TN from $1,200 (18 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Lebanon, TN Local Guide

Cheapest Neighborhoods for Apartments in Lebanon, TN

Pricing Updated: 07/30/2025

Current apartment rentals in the Lebanon, TN area range in price from $1,029 to $2,490 with an overall median price of $2,098. The three Lebanon neighborhoods with the lowest median rent pricing are Five Oaks at $1,179, Hamilton Springs at $1,179, and Colonial Village at $1,029. Here is today’s list of the top 6 neighborhoods with the lowest median pricing for Lebanon Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Five Oaks$1,676$1,17953
Hamilton Springs$1,676$1,17953
Colonial Village$2,250$1,029232
Downtown Lebanon$2,250$1,029185
West End Heights$2,250$1,029196
Hillview Farms$2,490$1,20529

Cheapest Available Lebanon Apartments for Rent

 

The cheapest available apartment rental in Lebanon, TN is a 1 Bed unit found at Westgate Apartment Homes in the Colonial Village neighborhood priced from $1,029. The Reserve at Lebanon in the Colonial Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,029. Here is today’s list of the most affordable Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Westgate Apartment Homes1B1BS1BR,1BA$1,029
The Reserve at Lebanon1 Bed / 1 Bath Upgraded1BR,1BA$1,029
The Edge on Main2 Bedroom2BR,1BA$1,129
Summerfield Apartments1 Bed 1 Bath1BR,1BA$1,205
Falls at 109One Bedroom1BR,1BA$1,298

Best Value Apartments for Rent in Lebanon, TN

As of July 30, 2025 the best value apartment in the Lebanon area is the $1.00 price per square foot 3 Bedrooms, 2.5 Bathrooms Model at South Maple Townhomes in the in the Colonial Village neighborhood starting from $2,100. The second greatest value Lebanon apartment is the C1 Model at Legends Townhomes starting at $2,250 with a $1.21 price per square foot in the Colonial Village neighborhood. Here is today’s list of the best values for Lebanon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
South Maple Townhomes3 Bedrooms, 2.5 Bathrooms3BR,2.5BA$1.00
Legends TownhomesC13BR,2.5BA$1.21
6879 Lebanon Rd, Unit 68796879 Lebanon Rd5BR,3BA$1.00
Cedar City TownhomesThe Emma3BR,2.5BA$1.13
East Adams Townhomes2 Beds, 1.5 baths2BR,1.5BA$1.23
Greentree Pointe3 Bedroom Townhome3BR,2BA$1.27
Spring Hill TownhomesThree Bedroom Two Bath3BR,2BA$1.18
Hamilton Station2 Bedroom Craftsman2BR,2BA$1.19
Bluebird Townhomes2 Bedroom2BR,1.5BA$1.32
Ironwood ApartmentsOne Bedroom1BR,1BA$1.34

Quick 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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Lebanon

What type of rentals are currently available in Lebanon?

There are currently 94 Apartments for Rent in Lebanon, TN with pricing that ranges from $1,029 to $3,526. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lebanon ranging from $1,250 to $3,495.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lebanon ranges from $1,250 to $3,495 with an average monthly rent of $2,287.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lebanon range from $1,475 to $2,430, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $2,595. Four Bedroom Single-Family rentals are also available starting from $2,249 and Four Bedroom Apartments start at $1,850.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.