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Lebanon, IN Homes for Rent

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  • /61

    Starting at $1,689 Per Month

    • Studio - 3 Beds

    901 Kelly Green Ln, Lebanon, IN 46052

    Spacious Cottage-Style Apartments with Private Entries super close to the LEAP Innovation District!Just 3 miles from the new Eli Lilly campus and LEAP Lebanon Innovation District, our brand-new community puts you right where growth is happening—while offering a peaceful, small-town setting with instant access to I-65 for easy commuting.One-, two-, and three-bedroom homes

    Hickory Cottages

    901 Kelly Green Ln, Lebanon, IN 46052
  • /43

    Starting at $1,100 Per Month

    • 1 - 3 Beds

    451 N Lebanon St, Lebanon, IN 46052

    451 Lebanon is a luxury apartment building that offers its residents the best in upscale living. Located in the heart of Lebanon, IN, the building is just minutes away from all the best shopping, dining, and entertainment that the city has to offer. The apartments are spacious, well-appointed, and feature top-of-the-line finishes, including plank flooring, granite countertops, and stainless steel

    451 Lebanon Apartments

    451 N Lebanon St, Lebanon, IN 46052
  • /35

    Starting at $2,199 Per Month

    • 3 Beds

    1043 Honor Dr, Lebanon, IN 46052

    Honor Meadows offers a collection of 54 three-bedroom, two-and-a-half-bathroom single-family homes in Lebanon, Indiana. Each residence features modern amenities like stainless steel appliances and a convenient second-floor washer and dryer. This pet-friendly community welcomes families seeking a comfortable and convenient living space in the heart of Lebanon, Indiana

    Honor Meadows

    1043 Honor Dr, Lebanon, IN 46052
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    Starting at $1,350 Per Month

    • 2 Beds

    316-322 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

    Melrose Place

    316-322 W Washington St, Lebanon, IN 46052
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    $2,249 Per Month

    • 3 Beds
    • 2 Baths
    • 1,618 Sq Ft
    • House for Rent

    1614 Danielle Rd, Lebanon, IN 46052

    Coming soon - this home is currently being enjoyed by another resident but will be available soon. This home is professionally managed by Tricon, dedicated to creating exceptional rental experiences. Featuring 3 bedrooms, 2.0 bathrooms, and approximately 1,618 square feet, this well-maintained home offers a high standard of rental living, supported by a team that puts residents first. As a

    1614 Danielle Rd, Lebanon, IN 46052
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    $1,750 Per Month

    • 3 Beds
    • 2 Baths
    • 1,200 Sq Ft
    • House for Rent

    1015 Redwood Dr, Lebanon, IN 46052

    Please note, our homes are available on a first-come, first-serve basis and are not reserved until the holding fee agreement is signed and the holding fee is paid by the primary applicant.Coming soon! This home is currently being enjoyed by another resident but will be available soon. Please respect their privacy and do not disturb. You can complete the application process and reserve

    1015 Redwood Dr, Lebanon, IN 46052
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    $2,129 Per Month

    • 4 Beds
    • 2 Baths
    • 1,712 Sq Ft
    • House for Rent

    910 Claiborne Ln, Lebanon, IN 46052

    Coming soon - this home is currently being enjoyed by another resident but will be available soon. This home is professionally managed by Tricon, dedicated to creating exceptional rental experiences. Featuring 4 bedrooms, 2.0 bathrooms, and approximately 1,712 square feet, this well-maintained home offers a high standard of rental living, supported by a team that puts residents first. As a

    910 Claiborne Ln, Lebanon, IN 46052
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    $1,850 Per Month

    • 3 Beds
    • 1 Bath
    • 825 Sq Ft
    • House for Rent

    815 Park Dr, Lebanon, IN 46052

    This well-maintained 3-bedroom, 1-bath home offers comfortable living with the added convenience of a full basement for extra storage and flexible space. Ideally located just a few blocks from Lebanon High School, you'll enjoy easy access to schools, parks, and shopping all that Lebanon has to offer. Don't miss this opportunity to lease a home in a desirable, convenient location-schedule your

    Alexandra Mohringer Wolfpack Realty

    815 Park Dr, Lebanon, IN 46052
  • /13

    $2,500 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,800 Sq Ft
    • 3 Bedroom 2.5 Bath

    2816 Corbett Dr, Lebanon, IN 46052

    Welcome to this beautifully designed new construction townhome featuring 3 bedrooms, 2.5 baths, a spacious great room, versatile flex room, and a generous dining area, all thoughtfully arranged for today's lifestyle. The open-concept floor plan creates an inviting atmosphere for both everyday living and entertaining.Enjoy the benefits of low-maintenance homeownership in a prime location just

    2816 Corbett Dr, Lebanon, IN 46052
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    $1,650 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,484 Sq Ft
    • House for Rent

    727 W Washington St, Lebanon, IN 46052

    SPACE, SPACE, SPACE...This beautifully renovated 2 bedroom 1.5 bath has over 1400 sq ft, a storage garage, bsmt for extra storage, and features hardwood floors & fresh paint throughout, a huge living room (spanning the entire width of the house), spacious dining room, a large enclosed front porch/sunroom, nice sized bedrooms, and master bedroom with half bath. The bathrooms have been beautifully

    Davon Lee Hope Realty, LLC

    727 W Washington St, Lebanon, IN 46052
  • /11

    $1,495 Per Month

    • 2 Beds
    • 1 Bath
    • 964 Sq Ft
    • House for Rent

    6170 N State Road 39, Lebanon, IN 46052

    Hard to find, nice rental home on 1/2 acre surrounded by many acres and very close to LEAP/Lilly. Country living yet close to town with a mini barn included. Brand new flooring and paint throughout.

    Matt Taylor D.M. Taylor Realty LLC

    6170 N State Road 39, Lebanon, IN 46052
  • /19

    $1,100 Per Month

    • 1 Bed
    • 1 Bath
    • 600 Sq Ft
    • House for Rent

    205 Baronne St, Lebanon, IN 46052

    Home FOR RENT. Available now. Fresh paint throughout. Storage shed area in back. 1 bedroom & 1 bathroom. First month's rent plus security deposit of $1,100 due before move in, no exceptions. Rental criteria: no past evictions, no criminal history, income=3x monthly rent. Tenant pays electric. Flat fee of $75/month covers your water/trash/sewer. Central heat & A/C. Driveway for parking. NO

    Emily Huskey Keller Williams Indy Metro Partners

    205 Baronne St, Lebanon, IN 46052
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    $900 Per Month

    • 1 Bed
    • 1 Bath
    • 600 Sq Ft
    • House for Rent

    426.5 N Lebanon St, Lebanon, IN 46052

    Apartment for RENT available August 1st. Off street parking space included. Upper level unit. NO smoking. $49 app fee. First month's rent and security deposit required up front. Flat fee of $75 monthly covers your water/sewer/trash. Electric/gas will go in tenant's own name. Pets allowed with approval and fees. One year minimum lease. Rental criteria: no past evictions, no criminal history, 3x

    Emily Huskey Keller Williams Indy Metro Partners

    426.5 N Lebanon St, Lebanon, IN 46052

Why Live in Lebanon

Lebanon, Indiana, has evolved from a farm community to a growing small town with a blend of new construction and homes built in the early 20th century. Architectural styles in Lebanon include Cape Cod, minimal traditional, and ranch-style homes. Students in Lebanon can attend Lebanon High, which has a high rating and graduates 87 percent of its students, surpassing the state average. The downtown square, centered around the Boone County Courthouse, is a hub for dining and community events, such as the annual Christmas on the Square with its tree-lighting ceremony and parade. Dining options include the 1830 Chophouse, known for its fine-cut meats and Sunday Brunch Buffet, and Lebanon’s Westside Café, famous for its breaded pork tenderloin sandwich. For dessert, Donaldson’s Finer Chocolates offers a variety of truffles and barks. Memorial Park provides 40 acres of recreational activities, including the Seashore Waterpark, pickleball and basketball courts, a baseball facility, volleyball courts, and a walking path with a fitness station. The private Ulen Country Club features an 18-hole golf course and a clubhouse for dining. The Big 4 Trail, a recent addition, connects Lebanon to nearby towns like Thorntown, Whitestown, and Zionsville, offering plenty of things to do for residents and visitors alike.

Frequently Asked Questions

How much does it cost to rent a home in Lebanon, IN?
The median rent for a home in Lebanon, IN is $1,750 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Lebanon, IN?
To comfortably afford the median rent in Lebanon, IN, a household needs to earn roughly $70,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,750 per month in Lebanon, IN, renters typically need to show $5,250 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Lebanon, IN?
In Lebanon, IN, the price-to-rent ratio is 14.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Lebanon, IN are best for renting a home?
The best neighborhood for renting in Lebanon, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include West Carmel, Snacks/Guion Creek, Crooked Creek, Eagle Creek and Northwest High School, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
13
Median Rent
$1,750
Median Single Family Home Rent
$1,524
Median Townhouse Rent
$1,598
Median Condo Rent
$948
How to Rent a Home