Cheap Homes for Rent in Lebanon, TN from $1,300 (20 Rentals)

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Search the lowest-cost Homes available for rent right now in 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 1426 1/2-14262 Alhambra Dr

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

2 Bedroom, 1 Bath Home for Rent

Available Now

14261/2 Alhambra Drive Unit

1426 1/2-14262 Alhambra Dr
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

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

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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
property at 1445 Toshiba Drive, #B

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

3 Bedroom, 1.5 Bath Townhome for Rent

Available Now

property at 805 Pebble Cove Rd

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

2 Bedroom, 1 Bath Home for Rent

Available Now

805 Pebble Cove Rd

LebanonTN37087
property at 1106 Bel Air Dr

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

3 Bedroom, 1.5 Bath Home for Rent

Available Now

1106 Bel Air Dr

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.

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 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
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

property at 610 N Greenwood Ext

$1,775

Total Monthly Price

Total Monthly Price

Base Rent
$1,775

Total Monthly Price
$1,775

3 Bedroom, 2 Bath Home for Rent

Available Now

610 N Greenwood Ext

LebanonTN37087
property at 427 Rome Pike

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

3 Bedroom, 2 Bath Home for Rent

Available Now

427 Rome Pike

LebanonTN37087

Lebanon, TN Local Guide

Cheapest Neighborhoods for Apartments in Lebanon, TN

Pricing Updated: 08/19/2026

Current apartment rentals in the Lebanon, TN area range in price from $1,024 to $3,064 with an overall median price of $1,562. The three Lebanon neighborhoods with the lowest median rent pricing are Downtown Lebanon at $1,531, Colonial Village at $1,555, and Hillview Farms at $1,569. 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$1,531$1,095113
Colonial Village$1,555$1,024182
Hillview Farms$1,569$1,02464
West End Heights$1,569$1,024152
Five Oaks$1,579$1,18389
Hamilton Springs$1,579$1,18389

Cheapest Available Lebanon Apartments for Rent

 

The cheapest available apartment rental in Lebanon, TN is a 1 Bed unit found at Crosswinds Condominiums in the Colonial Village neighborhood priced from $1,095. Greentree Pointe in the Colonial Village neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,183. Here is today’s list of the most affordable Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crosswinds Condominiums1 BR 1 BA Flat1BR,1BA$1,095
Greentree Pointe2 Bedroom Townhome2BR,2BA$1,183
The Pointe at Five OaksA2 Hinckley - One Bedroom, One Bathroom1BR,1BA$1,186
Stonehenge - TNA11BR,1BA$1,286
Falls at 109One Bedroom1BR,1BA$1,308

Best Value Apartments for Rent in Lebanon, TN

As of August 20, 2026 the best value apartment in the Lebanon area is the $1.17 price per square foot 3B Model at South Maple Townhomes in the in the Colonial Village neighborhood starting from $2,275. The second greatest value Lebanon apartment is the 3 Bedrooms, 2.5 Bathrooms Model at Legends Townhomes starting at $1,999 with a $1.08 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 Townhomes3B3BR,2.5BA$1.17
Legends Townhomes3 Bedrooms, 2.5 Bathrooms3BR,2.5BA$1.08
Cedar City TownhomesUnit 273BR,2.5BA$1.11
Hamilton Station3 Bedroom Traditional3BR,2BA$1.29
310 Cedar St. (Units 5-12)2BR/2.5BA2BR,2.5BA$1.26
Provenza at Park PlaceB2 1226sf 2/22BR,2BA$1.37
Maple Crossing2 Bedroom 2 Bath2BR,2BA$1.30
Bluebird Townhomes1200 Bluebird, Unit D2BR,1.5BA$1.31
Venue at 109Stirling2BR,2BA$1.37
Greentree Pointe2 Bedroom Ranch2BR,2BA$1.38

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 103 Apartments for Rent in Lebanon, TN with pricing that ranges from $1,000 to $3,064. There are also 91 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lebanon ranging from $1,300 to $4,500.

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 $1,300 to $4,500 with an average monthly rent of $2,136.

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 $1,182 to $3,064, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $2,920. Four Bedroom Single-Family rentals are also available starting from $2,175 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

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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.