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Studio Apartment for Rent in Lebanon, IN

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    Starting at $1,449 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

    (765) 253-3020

    901 Kelly Green Ln, 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 $1,450 per month, though prices vary by neighborhood, size, and property type. As of May 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 $58,000 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 $1,450 per month in Lebanon, IN, renters typically need to show $4,350 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 17.2, 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 Downtown Carmel and Broad Ripple, each with its own character and price range.

Rental Home Trends in Lebanon, IN

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,450
Median Single Family Home Rent
$1,486
Median Townhouse Rent
$1,450
Median Condo Rent
$945
How to Rent a Home