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Homes & Apartments for Rent in Lebanon, IN

1-6 of 6 rentals

Apartment for rent at 2302 Roselawn Dr, Lebanon, IN 46052

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Managed by Brendan Wood

$1,000

Apartment1 Bed1 Bath

2302 Roselawn Dr

Lebanon, IN 46052

Brendan Wood Apartments offers spacious one and two bedroom apartments in Lebanon, Indiana. Situated midway between Indianapolis and Lafayette, Lebanon provides residents with the charm and community of a small town within minutes of a wide variety of big-city amenities. Outdoor recreation is abundant in Lebanon, with a host of great parks and trails. Lebanon also boasts high-performing schools and fun, family-oriented community events. Commuting and traveling from Lebanon is simple with access to I-65 and U. S. 52 as well as the Indianapolis International Airport. Contact us to schedule a tour.

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Updated - yesterday

Managed by Melrose Apartments

$1,279 - $1,350

Apartment2 Beds1 Bath900 ft²

316 W Washington St

Lebanon, IN 46052

Our beautifully renovated 2-bedroom and 1-bathroom apartment homes are just a short drive away from plenty of local shops, restaurants and entertainment in Lebanon. Appliances include a stove, refrigerator and dishwasher. Have a furry friend? We're a pet-friendly community. Situated midway between Indianapolis and Lafayette, Lebanon provides residents with the charm and community of a small town within minutes of a wide variety of big-city amenities. Contact us today to schedule a tour.

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Featured

Managed by PMI Midwest

$749

Apartment1 Bed1 Bath468 ft²

4115 S E St

Lebanon, IN 46052

Now Accepting Section 8. Located in a quiet, established neighborhood in Lebanon, this 1-bedroom, 1-bath home offers comfortable living with a layout that's easy to maintain and easy to settle into. The space is well-suited for anyone looking for a cozy home with just the right amount of room. The neighborhood is a standout feature-close to downtown Lebanon, local restaurants, coffee shops and everyday essentials, while still offering a relaxed residential feel. Nearby parks, walking areas and community spaces make it easy to enjoy the outdoors and quick access to major roads keeps commuting simple.

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Updated - 3 days ago

Managed by The Brakeman Apartments

$1,345

Apartment2 Beds1 Bath759 ft²

The Brakeman

230 S Lebanon St #409, Lebanon, IN 46052

Welcome to our pet-friendly community offering newly built and professionally managed studios, one and two-bedroom apartments in Lebanon, Indiana. Our prime location provides quick access to major highways and is just minutes away from lively attractions. Our apartments boast modern features, including beautiful granite countertops, stainless steel appliances, built-in microwave, spacious walk-in closets, a dishwasher and the added convenience of a washer and dryer included. Elevate your living experience with us, where comfort, convenience and community come together seamlessly.

Apartment for rent at 4405 E 550 S, Lebanon, IN 46052

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Managed by Hometown Property Group

$1,250

Apartment2 Beds1 Bath808 ft²

4405 E 550 S

Lebanon, IN 46052

Welcome to 4405-4407, presented by Hometown Property Group. We have several units available for lease. For more information and to schedule a showing, please contact us. Range & Refrigerator.

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Featured

Managed by Radiate Real Estate

$5,000

House4 Beds2.5 Baths1,750 ft²

809 S E St

Lebanon, IN 46052

Whether you are working on the Leap project, a traveling professional, a family working from home or renovating your house, we welcome all who need a longer stay. Assigned Parking Space, Dishwasher, Furnished, Refrigerator, Trash Compactor, Washer, Dryer & A/ C.

Viewing 1-6 of 6 rentals in Lebanon

What to Know About

Life in Lebanon & Beyond

Lebanon shares many of the great qualities that make Indiana a desirable place to live.

Indiana is where the past meets the present, and the great outdoors is right at your fingertips. Get to know the rich cultural heritage of this Midwestern gem by visiting incredible museums like the Eiteljorg Museum of American Indians and Western Art, or check out the top universities like Purdue University and Indiana University. Indiana is a hub of economic activity, with its thriving manufacturing, agriculture, and transportation industries.

The state also offers plenty of opportunities for those seeking adventure and excitement. From exploring the beautiful state parks to fishing in its many lakes and rivers, Indiana is a nature-lovers paradise from the Hoosier National Forest to the Ohio River. And for sports fans, check out the Indianapolis Colts (NFL) and Indiana Pacers (NBA) or catch a game at universities like Purdue or Indiana. In addition, discover famous attractions like the Indianapolis Motor Speedway, home of the world-famous Indianapolis 500 race, the Children's Museum of Indianapolis, and the historic town of Brown County.

With its strong economy, quality education, and lively atmosphere, Indiana is the perfect place to live.

Rental Market Trends

Lebanon, IN

As of June 2026, Lebanon's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lebanon's average rent is 8.3% ($107) lower than the Indiana average of $1,287 and 34.3% ($617) lower than the U.S. average of $1,797.

Average Rent

$1,180

Monthly ChangeMonth Over Month Change

4.3% ($49)

Yearly ChangeYear Over Year Change

2.4% ($29)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,027	2.3% ($23)	3.9% ($42)
2 Beds	$1,268	1.4% ($17)	7.3% ($100)
3 Beds	$1,655	4.5% ($71)	12.7% ($240)

Nearby Cities	Average Rent	Avg. Rent vs. LebanonAverage Rent vs. Lebanon	Avg. Days on MarketAverage Days on Market
Whitestown	$2,011	70.4% ($831)	29 days
Brownsburg	$1,178	0.2% ($2)	35 days
Westfield	$1,571	33.1% ($391)	32 days
Carmel	$2,041	73% ($861)	28 days
Frankfort	$1,018	13.7% ($162)	29 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Lebanon Rental Market FAQs

Explore rental prices, market trends, and availability in Lebanon, IN.

What is the average rent in Lebanon, IN?

The average rent in Lebanon, IN is $1,180 per month.

What is the rental price range for homes in Lebanon, IN?

Homes in Lebanon typically rent for between $719 and $2,152 per month, with an average of $1,180 per month.

What is the average rent for different bedroom sizes in Lebanon, IN?

In Lebanon, the average rent for a 1-bedroom home is $1,027 per month, for a 2-bedroom home, $1,268 per month, and a 3-bedroom home is $1,655 per month.

How do rent prices in Lebanon, IN compare with the national average?

The average rent in Lebanon is 34.3% ($617) lower than the national average of $1,797 per month.

How have rent prices in Lebanon, IN changed recently?

The average rent in Lebanon has increased by 4.3% ($49) in the last month and decreased by 2.4% ($29) over the past year.

How competitive is the rental market in Lebanon, IN?

The rental market in Lebanon, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Lebanon, IN?

In Lebanon, IN, the average rental stays on the market for approximately 33 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Lebanon, IN?

There are currently 6 rental properties available in Lebanon, IN.

Can I afford to rent a home in Lebanon, IN?

Based on the current averages, a household would need an annual income of $50,720 to comfortably afford a 2-bedroom home in Lebanon.