Apartments for Rent in Lebanon, IN

Prices and availability in Lebanon, IN were last updated on 6 Jul 2026.

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

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

The price range for a studio apartment in Lebanon, IN is between $45 and $899.

The price range for a 1-bedroom apartment in Lebanon, IN is between $1,015 and $1,881.

The price range for a 2-bedroom apartment in Lebanon, IN is between $45 and $1,994.

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.

Rental apartments in Lebanon come in a range of sizes and floorplans. Studio apartments represent 2% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 46% of the total apartments in the city, while 2-bedroom floorplans represent around 48% of all rentals in Lebanon. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.