Cheap Homes for Rent in Lebanon, TN from $800 (22 Rentals)

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

property at 326 W Main St

$1,500

1 Bedroom, 1 Bath Condo for Rent

Available Now

326 W Main St

LebanonTN37087
property at 311 Cainsville Rd

$1,595

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

311 Cainsville Rd

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 1305 Raden Dr

$1,600

3 Bedroom, 1 Bath Home for Rent

Available Now

1305 Raden Dr

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.

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.

Lebanon, TN Local Guide

Cheapest Neighborhoods for Apartments in Lebanon, TN

Pricing Updated: 12/23/2025

Current apartment rentals in the Lebanon, TN area range in price from $975 to $2,400 with an overall median price of $2,104. The three Lebanon neighborhoods with the lowest median rent pricing are Hamilton Springs at $975, Five Oaks at $975, and Hillview Farms at $975. Here is today’s list of the top 6 neighborhoods with the lowest median pricing for Lebanon Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Hamilton Springs$1,879$97581
Five Oaks$1,999$97578
Hillview Farms$1,999$97556
Colonial Village$2,250$975286
Downtown Lebanon$2,250$975229
West End Heights$2,250$975261

Cheapest Available Lebanon Apartments for Rent

 

The cheapest available apartment rental in Lebanon, TN is a Studio unit found at Summerfield Apartments in the Colonial Village neighborhood priced from $975. Westgate Apartment Homes 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
Summerfield ApartmentsStudioStudio,1BA$975
Westgate Apartment Homes1B1BS1BR,1BA$1,029
The Reserve at Lebanon1 Bed / 1 Bath Upgraded1BR,1BA$1,129
Rollingwood Apartments2BD/1BA2BR,1BA$1,150
Greentree Pointe2 Bedroom Ranch2BR,2BA$1,169

Best Value Apartments for Rent in Lebanon, TN

As of December 23, 2025 the best value apartment in the Lebanon area is the $1.21 price per square foot C1 Model at Legends Townhomes in the in the Colonial Village neighborhood starting from $2,250. The second greatest value Lebanon apartment is the Unit 13-3-bedroom Model at Flats at Melrose starting at $1,895 with a $1.05 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.
Legends TownhomesC13BR,2.5BA$1.21
Flats at MelroseUnit 13-3-bedroom3BR,2.5BA$1.05
South Maple Townhomes3A3BR,2.5BA$1.16
Cedar City TownhomesUnit 263BR,2.5BA$1.14
Hamilton Station3 Bedroom Traditional3BR,2BA$1.20
East Adams Townhomes2 Beds, 1.5 baths2BR,1.5BA$1.20
Revere at Barton's Run2 Bedroom Craftsman Premier2BR,2BA$1.32
Bluebird Townhomes1255, Unit C -2 Bedroom2BR,1.5BA$1.30
The Venue at 109Stirling2BR,2BA$1.32
Rollingwood Apartments2BD/1BA2BR,1BA$1.30

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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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.

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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 90 Apartments for Rent in Lebanon, TN with pricing that ranges from $975 to $2,430. There are also 89 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lebanon ranging from $850 to $4,000.

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 $4,000 with an average monthly rent of $2,105.

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 $1,383 to $2,430, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $3,200. Four Bedroom Single-Family rentals are also available starting from $2,099 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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.