Cheap Homes for Rent in Lebanon, TN from $800 (5 Rentals)

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

property at 216 Thomas Terrace

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Home for Rent

Available Now

216 Thomas Terrace, Unit B

216 Thomas Terrace
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.

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

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.

Lebanon, TN Local Guide

Cheapest Neighborhoods for Apartments in Lebanon, TN

Pricing Updated: 04/06/2026

Current apartment rentals in the Lebanon, TN area range in price from $1,024 to $3,171 with an overall median price of $2,023. The three Lebanon neighborhoods with the lowest median rent pricing are Downtown Lebanon at $1,029, Five Oaks at $1,169, and Hamilton Springs at $1,169. Here is today’s list of the top 6 neighborhoods with the lowest median pricing for Lebanon Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Lebanon$1,997$1,029191
Five Oaks$1,999$1,169102
Hamilton Springs$1,999$1,169105
Hillview Farms$2,014$1,02469
Colonial Village$2,066$1,024252
West End Heights$2,066$1,024227

Cheapest Available Lebanon Apartments for Rent

 

The cheapest available apartment rental in Lebanon, TN is a 1 Bed unit found at Ironwood Apartments in the West End Heights neighborhood priced from $1,210. The Pointe at Five Oaks in the Colonial Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,229. Here is today’s list of the most affordable Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ironwood Apartments1 x 11BR,1BA$1,210
The Pointe at Five OaksA2 Hinckley - One Bedroom, One Bathroom1BR,1BA$1,229
Hartmann PlantationThe Kathryn1BR,1BA$1,232

Best Value Apartments for Rent in Lebanon, TN

As of April 06, 2026 the best value apartment in the 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 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 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
Bluebird Townhomes1235 Bluebird, Unit B4BR,2.5BA$0.99
Stone Haven Villas701 Hollie Way3BR,2.5BA$1.31
Flats at MelroseUnit 123BR,2.5BA$1.31
Stonehenge - TNC13BR,2BA$1.28
South Maple Townhomes2A2BR,2.5BA$1.24
Spring Hill TownhomesThree Bedroom Two Bath3BR,2BA$1.15
Maple Crossing2 Bedroom 2 Bath2BR,2BA$1.30
Greentree Pointe2 Bedroom Townhome2BR,2BA$1.31
The Venue at 109Stirling2BR,2BA$1.32

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Lebanon

What type of rentals are currently available in Lebanon?

There are currently 95 Apartments for Rent in Lebanon, TN with pricing that ranges from $1,024 to $4,000. There are also 71 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lebanon ranging from $850 to $3,350.

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 $850 to $3,350 with an average monthly rent of $1,728.

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 $1,400 to $3,171, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $2,700. Four Bedroom Single-Family rentals are also available starting from $2,119 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

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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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.

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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.