27

Newest Homes for Rent in Lebanon, IN

Section Image
  • /58

    Starting at $1,729 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
  • /20

    $1,595 Per Month

    • 2 Beds
    • 1 Bath
    • 1,400 Sq Ft
    • Condo for Rent

    208 W Williams St, Lebanon, IN 46052

    Come see this delightful 2-bedroom 1 bathroom condo, thoroughly designed for modern living. Cook and clean with ease in its spacious kitchen, finished with granite countertops and full appliances. Both large dining and living rooms have ample space to host and entertain. Its split bedroom includes a walk-in closet and full bathroom, complete with a full shower tub. An in-unit washer and dryer

    208 W Williams St, 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
  • /40

    $975 - $1,400

    Total Monthly Price

    • 1 - 3 Beds
    • 2 Baths
    • 700 Sq Ft
    • House for Rent

    906 N West St, Lebanon, IN 46052

    Charming 1-bedroom 1- bath unit in a triplex in a quiet neighborhood in Lebanon! Living room features a large closet. Also features a front porch, back patio, and large front lawn. Minutes away from the grocery stores, restaurants, downtown square, schools, parks, and I-65.- Long-term lease available- Pets allowed with fee- Front porch and back patio- Washer & dryer in

    906 N West St, Lebanon, IN 46052
  • /20

    $2,350 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,793 Sq Ft
    • Townhouse for Rent

    418 Monarch Ln, Lebanon, IN 46052

    Brand new corner unit townhome in Lebanon available now. This two-story townhome is ideal for those who need space and flexibility. Townhome features open floor plan 3 bedrooms with 2 1/2 baths and 2 car attached garage. Main level with open living area with a kitchen, family room and dining area, and a convenient flex room which can be a home office or morning room. Upstairs with 3 bedrooms and

    Priya Bhargava Keller Williams Indpls Metro N

    418 Monarch Ln, Lebanon, IN 46052
  • /35

    Starting at $1,164 Per Month

    • 1 - 2 Beds

    1935 Lafayette Ave, Lebanon, IN 46052

    Our Location is not all that makes us an amazing community! Our impeccable apartment homes with unique features make Kise Estates your perfect choice. Our over-sized, open concept floor plans feature lots of closet space throughout, with a massive walk-in closet in the master bedroom. Our large, spa-like bathrooms feature a full-sized vanity, and large linen closet. The pass-through galley

    Kise Estates Apartments

    1935 Lafayette Ave, Lebanon, IN 46052
  • /29

    $2,295 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,793 Sq Ft
    • Townhouse for Rent

    425 Monarch Ln, Lebanon, IN 46052

    Discover a new standard of sophisticated living at 425 Monarch LN, LEBANON, IN. This newly constructed townhouse, built in 2026, offers a generous 1793 square feet of living space, designed for contemporary comfort and style. The heart of this home is an open-plan kitchen, seamlessly integrating with the living room. It is equipped with sleek stainless steel appliances and features a functional

    Chandra Sekhar Alokam Forthright Real Estate

    425 Monarch Ln, Lebanon, IN 46052
  • /35

    $2,099 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,793 Sq Ft
    • Townhouse for Rent

    Unlisted Address

    Vishnu Koneru Your Dreams to Realty

    Unlisted Address
  • /24

    $1,625 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 and features hardwood floors & neutral 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 updated, including a tiled shower. The

    Davon Lee Hope Realty, LLC

    727 W Washington St, Lebanon, IN 46052
  • /10

    Starting at $1,279 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

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 $1,610 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses and single-family homes 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 $64,400 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 $1,610 per month in Lebanon, IN, renters typically need to show $4,830 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 15.8, 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, Saint Vincent-Greenbriar, Crooked Creek, Northwest High School and Eagle Creek, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
10
Median Rent
$1,610
Median Single Family Home Rent
$1,595
Median Townhouse Rent
$1,500
Median Condo Rent
$950
How to Rent a Home