Cheap Apartments for Rent in Lebanon, IN from $400 (19 Rentals)

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The Flats of Lebanon
Studio to 2 Bedroom Apartments

The Flats of Lebanon

315 N Lebanon StLebanon, IN 46052
Senior Living

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.

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Stonegate Meadows
1 to 3 Bedroom Apartments

Stonegate Meadows

721 Crown Pointe DrLebanon, IN 46052
  • Utilities Included
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The Flats
2 Bedroom Apartments

The Flats

223 N Meridian StLebanon, IN 46052
Furnished
  • Smoke Free

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Stokes Commons
1 to 2 Bedroom Apartments

Stokes Commons

900 S Meridian StLebanon, IN 46052
Senior Living
  • Utilities Included
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Cedars Court
2 Bedroom Apartments

Cedars Court

1137 Cedars CtLebanon, IN 46052
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118 S East St
1 Bedroom Apartments

118 S East St

118 S East StLebanon, IN 46052
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Brendan Wood
2 Bedroom Apartments

Brendan Wood

2302 Roselawn DrLebanon, IN 46052
  • Utilities Included
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Ulen Court Apartments
1 to 2 Bedroom Apartments

Ulen Court Apartments

131 W Ulen DrLebanon, IN 46052
  • Utilities Included

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Lebanon, IN Local Guide

Cheapest Neighborhoods for Apartments in Lebanon, IN

Pricing Updated: 05/09/2025

Current apartment rentals in the Lebanon, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Lebanon Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Lebanon Whitestown$2,800$850328

Cheapest Available Lebanon Apartments for Rent

 

The cheapest available apartment rental in Lebanon, IN is a 2 Beds unit found at Kise Estates Apartments in the Lebanon Whitestown neighborhood priced from $1,095. The Brakeman in the Lebanon Whitestown neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here is today’s list of the most affordable Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Kise Estates ApartmentsTwo Bedroom2BR,1BA$1,095
The BrakemanD1BR,1BA$1,095
451 Lebanon Apartments1B1BR,1BA$1,180
Parkview of LebanonThompson2BR,1BA$1,324
Hickory CottagesAlley-OopStudio,1BA$1,359

Best Value Apartments for Rent in Lebanon, IN

As of May 10, 2025 the best value apartment in the Lebanon area is the $1.36 price per square foot 3 Bedroom 2.5 Bathroom The Lawrence Model at Honor Meadows Owner LLC in the in the Lebanon Whitestown neighborhood starting from $1,999. The second greatest value Lebanon apartment is the Two Bedroom Model at Kise Estates Apartments starting at $1,095 with a $1.14 price per square foot in the Lebanon Whitestown 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.
Honor Meadows Owner LLC3 Bedroom 2.5 Bathroom The Lawrence3BR,2.5BA$1.36
Kise Estates ApartmentsTwo Bedroom2BR,1BA$1.14
Parkview of LebanonThompson2BR,1BA$1.40
451 Lebanon Apartments1B1BR,1BA$1.63
The BrakemanD1BR,1BA$1.92
Slate Run Lebanon LLCBristolStudio ,1BA$2.83

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

Explore Lebanon, IN Rentals by Map

View MapLebanon, IN Apartments MapView MapLebanon, IN Rental Homes Map

Getting Around Lebanon, IN

Walk Score®

30 / 100

Car-Dependent

Most errands require a car

Bike Score®

37 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Lebanon Apartments

How much is rent for a Cheap One Bedroom Lebanon Apartment?

The lowest price for a Cheap One Bedroom Lebanon Apartment is $1,095 at The Brakeman.

What is the lowest price for a Cheap Two Bedroom Lebanon Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lebanon is starting from $1,095 at Kise Estates Apartments.

What is the most affordable Lebanon Three Bedroom Apartment?

The best deal on a cheap Lebanon Three Bedroom Apartment rental is at 451 Lebanon Apartments and starts from $1,625.

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.

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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.