Apartments for Rent in Lebanon, IN

Prices and availability in Lebanon, IN were last updated on 23 Oct 2026.

The best apartments in Lebanon, IN are: Kise Estates Apartments, Parkview of Lebanon, Canterbury House Lebanon, Shaker Square and Honor Meadows.

The average rent in Lebanon, IN is $1,029.

The price range for a studio apartment in Lebanon, IN is between $883 and $1,444.

The price range for a 1-bedroom apartment in Lebanon, IN is between $1,067 and $1,700.

The price range for a 2-bedroom apartment in Lebanon, IN is between $1,164 and $2,134.

The price range for a 3-bedroom apartment in Lebanon, IN is between $1,164 and $2,199.

In Lebanon 30% of the housing is rented out compared to 70% of homes are owned, according to the most recent Census Bureau estimates. 4% of Lebanon's apartments are found in large buildings of 50 units or more, 65% are located in smaller apartment complexes with less than 50 units, and 19% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Lebanon are about 30 years old, on average. Of these, 13% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 2 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Lebanon are around 2% of rentals, while 1-bedroom floor plans represent 46% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 48% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.