Cheap Apartments for Rent in Lebanon, IN

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Apartments For Rent Near Lebanon, IN

We found 30 more apartments matching your filters just outside Lebanon

Average Rent Trends in Lebanon, IN

Rent in Lebanon, IN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Oct 2026 compared to the previous month. Rent previously peaked in Oct 2025.
MonthAverage rent
Nov 2025$1,699
Dec 2025$1,729
Jan 2026$1,695
Feb 2026$1,589
Mar 2026$1,281
Apr 2026$1,517
May 2026$1,639
Jun 2026$1,725
Jul 2026$1,755
Aug 2026$1,869
Sep 2026$1,959
Oct 2026$1,700
View as a graph

Average Rent By Bedroom and Home Type

In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
1 bed2 beds3 beds4 bedsAll
All home types$1,809$1,514$2,077$2,383$1,979
Townhomes——$4,000—$4,000
Apartments and Condos$1,979$2,079$1,850—$2,029
Houses—$2,500$2,250$2,383$2,400
See more information about local market trends in Lebanon, IN

Frequently Asked Questions about Rentals in Lebanon, IN

  • What is the average rent of an apartment in Lebanon, IN?
    The average rent of an apartment in Lebanon, IN is $1,527 per month. This is about 21% lower than the national average.
  • What are the cheapest months to find an apartment to rent in Lebanon, IN?
    Last year, the cheapest month to find an apartment to rent was Sep 2025 when it was $1,400 per month.
  • How many cheap apartments are available in Lebanon, IN?
    There are 23 apartments to rent that are cheaper than the city’s average rent of $1,979.
  • When is the average rent most expensive in Lebanon, IN?
    In the last year, the average rent in Lebanon, IN was highest in Oct 2025 when it was $1,849 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Lebanon, IN?
    The average rent of a 1 bedroom apartment in Lebanon, IN is $1,809 per month. That is about $910 more than the cost of a studio apartment.
  • What are some zip codes in Lebanon, IN?
    Lebanon, IN includes zip codes such as: 46052.
  • What are some cities near Lebanon, IN?
    Some nearby cities include: Ulen, Whitestown, Advance, Thorntown, Zionsville. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Lebanon, IN - 162 Rentas | Trulia