Apartments for Rent in Lebanon, IN

Prices and availability in Lebanon, IN were last updated on 3 Oct 2026.

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

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

The price range for a 1-bedroom apartment in Lebanon, IN is between $665 and $1,746.

The price range for a 2-bedroom apartment in Lebanon, IN is between $665 and $2,064.

The price range for a 3-bedroom apartment in Lebanon, IN is between $665 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 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.