Apartments for Rent in Lebanon, IN

Prices and availability in Lebanon, IN were last updated on 30 May 2026.

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

The average rent in Lebanon, IN is $1,000.

The price range for a 1-bedroom apartment in Lebanon, IN is between $929 and $1,199.

The price range for a 2-bedroom apartment in Lebanon, IN is between $1,025 and $1,399.

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, 6% 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 45% of the total apartments in the city, while 2-bedroom floorplans represent around 49% 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.