Apartments for Rent in Lebanon, IN

Prices and availability in Lebanon, IN were last updated on 12 Jul 2026.

The best apartments in Lebanon, IN are: Shaker Square, Kise Estates Apartments, Parkview of Lebanon, 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 $2,015.

The price range for a 3-bedroom apartment in Lebanon, IN is between $2,199 and $2,399.

In Lebanon, 30% of the residents are renting compared to 70% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 4% of Lebanon's rentals, 65% are small-scale complexes with under 50 units, and 19% are single-family rentals.

The average age of rental buildings in Lebanon is 30 years old, with 13% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 2 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

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.