
Cheap Apartments for Rent in the Downtown Lebanon Neighborhood of Lebanon, TN from $700 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Lebanon area of Lebanon.


The Reserve at Lebanon

Crosswinds Condominiums

Rollingwood Apartments
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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.

Greentree Pointe
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.
Downtown Lebanon, Lebanon, TN Local Guide

How much does it cost to rent an apartment in Downtown Lebanon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lebanon Studio Apartments | $1,242 | $975 | $1,510 |
| Downtown Lebanon 1 Bedroom Apartments | $1,311 | $1,029 | $1,961 |
| Downtown Lebanon 2 Bedroom Apartments | $1,541 | $1,140 | $2,182 |
| Downtown Lebanon 3 Bedroom Apartments | $2,163 | $1,383 | $2,400 |
| Downtown Lebanon 4 Bedroom Apartments | $1,902 | $1,850 | $1,920 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Downtown Lebanon Neighborhood of Lebanon, TN.
See all Apartments in LebanonExplore Lebanon
Downtown Lebanon, Lebanon, TN Local Guide
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Cheapest Available Downtown Lebanon Apartments for Rent
 The cheapest available apartment rental in the Downtown Lebanon area of Lebanon, TN is a Studio unit found at Summerfield Apartments priced from $975. The Reserve at Lebanon has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,129. Here are the most affordable Downtown Lebanon apartments for rent in Lebanon, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Summerfield Apartments | Studio | Studio,1BA | $975 |
| The Reserve at Lebanon | 1 Bed / 1 Bath Upgraded | 1BR,1BA | $1,129 |
| Rollingwood Apartments | 2BD/1BA | 2BR,1BA | $1,150 |
Best Value Apartments for Rent in Downtown Lebanon, TN
As of December 19, 2025 the best value apartment in the Downtown 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 Downtown 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 Downtown Lebanon apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Legends Townhomes | C1 | 3BR,2.5BA | $1.21 |
| Flats at Melrose | Unit 13-3-bedroom | 3BR,2.5BA | $1.05 |
| South Maple Townhomes | 3A | 3BR,2.5BA | $1.16 |
| Cedar City Townhomes | Unit 26 | 3BR,2.5BA | $1.14 |
| East Adams Townhomes | 2 Beds, 1.5 baths | 2BR,1.5BA | $1.20 |
| Revere at Barton's Run | 2 Bedroom Craftsman Premier | 2BR,2BA | $1.32 |
| Meadows of Lebanon Apartments | 3x2 60% | 3BR,2BA | $1.46 |
| Bluebird Townhomes | 1255, Unit C -2 Bedroom | 2BR,1.5BA | $1.30 |
| Rollingwood Apartments | 2BD/1BA | 2BR,1BA | $1.30 |
| Greentree Pointe | 2 Bedroom Ranch | 2BR,2BA | $1.36 |
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.
Read ArticleThe 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.
Read ArticleQuick 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.
Pet Friendly LifestyleDowntown Lebanon, Lebanon, TN
Ranked #2
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Lebanon, TN. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Getting Around the Downtown Lebanon Neighborhood in Lebanon, TN
Walk Score®
54 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
49 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Downtown Lebanon Apartments
How much is rent for a Cheap One Bedroom Downtown Lebanon Apartment?
The lowest price for a Cheap One Bedroom Downtown Lebanon Apartment is $1,129 at The Reserve at Lebanon.
What is the lowest price for a Cheap Two Bedroom Downtown Lebanon Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Lebanon is starting from $1,150 at Rollingwood Apartments.
What is the most affordable Downtown Lebanon Three Bedroom Apartment?
The best deal on a cheap Downtown Lebanon Three Bedroom Apartment rental is at Rollingwood Apartments and starts from $1,383.
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

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.


