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Rental Market Trends in Lebanon, TN

What is the average rent in Lebanon, TN?

$1,347/month

Average Rent

804 Sq Ft

Average Apartment Size

-3.3%

Decrease in the Last Year

As of July 2025, the average rent in Lebanon, TN is $1,347 per month. This is 18% lower than the national average rent of $1,637/month, making renting in Lebanon more affordable than most cities in the US. When you rent an apartment in Lebanon, you can expect to pay about $1,009 per month for a studio, $1,347 for a one-bedroom apartment, and around $1,505 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,914 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,009/month
330 Sq Ft
One Bedroom
$1,347/month
804 Sq Ft
Two Bedroom
$1,505/month
1,120 Sq Ft
Three Bedroom
$1,914/month
1,565 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,264/month
752 Sq Ft
Three Bedroom
$2,098/month
1,585 Sq Ft
Four Bedroom
$2,666/month
2,380 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,675/month
1,207 Sq Ft
Three Bedroom
$2,001/month
1,591 Sq Ft

How much has average rent changed in Lebanon, TN?

In the past year, rent has decreased by 3.3%, which averages out to $43 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Lebanon, TN
Last Updated July 2025
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Lebanon, TN
Percentage*
Rent Range
0% Below $700/month
3% $700 - $1,000/month
36% $1,001 - $1,500/month
52% $1,501 - $2,000/month
9% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Lebanon?

Based on current rent prices, Downtown Lebanon, Five Oaks and Horn Springs Estates are the most affordable neighborhoods in Lebanon.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Lebanon
$1,185/month
734 Sq Ft
Five Oaks
$1,457/month
825 Sq Ft
Horn Springs Estates
$1,457/month
825 Sq Ft
Hamilton Springs
$1,485/month
850 Sq Ft
Shenandoah Estates
$1,563/month
881 Sq Ft
Barton
$1,709/month
1,003 Sq Ft

What are the most expensive neighborhoods in Lebanon?

Based on current rent prices, Barton, Shenandoah Estates and Hamilton Springs are the most expensive neighborhoods in Lebanon.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Barton
$1,709/month
1,003 Sq Ft
Shenandoah Estates
$1,563/month
881 Sq Ft
Hamilton Springs
$1,485/month
850 Sq Ft
Five Oaks
$1,457/month
825 Sq Ft
Horn Springs Estates
$1,457/month
825 Sq Ft
Downtown Lebanon
$1,185/month
734 Sq Ft

Which Lebanon neighborhoods have the most rentals available?

The neighborhoods in Lebanon with the most apartments available are Hamilton Springs, Five Oaks and Horn Springs Estates .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Hamilton Springs
$1,485/month
850 Sq Ft
Five Oaks
$1,457/month
825 Sq Ft
Horn Springs Estates
$1,457/month
825 Sq Ft
Shenandoah Estates
$1,563/month
881 Sq Ft
Downtown Lebanon
$1,185/month
734 Sq Ft
Barton
$1,709/month
1,003 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Lebanon, TN?

Because the average rent in Lebanon is $1,347, you’ll want to make about $4,490 per month or $53,880 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Lebanon, TN

747 Available Apartments for Rent

Search for Nearby Apartments

How does Lebanon, TN compare to other nearby cities and neighborhoods?

Use the tool below to compare Lebanon, TN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Apartment Averages

Downtown Lebanon

Lebanon, TN

Barton

Lebanon, TN

Studio
-
-
One Bedroom
$1,236/month
-
Two Bedroom
$1,360/month
-
Three Bedroom
$2,074/month
-
Search
Search

Nearby City Rent Trends

  • Mount Juliet Average Rent
  • Hermitage Average Rent
  • Gallatin Average Rent
  • Old Hickory Average Rent
  • Hendersonville Average Rent
  • La Vergne Average Rent

Apartment communities in Lebanon we think you'll love

Reunion Township Apartments at 109

Reunion Township Apartments at 109

550 Old Laguardo Rd W,
Mount Juliet, TN 37122

1-3 Beds | $1,485 - $2,430

The Venue at 109

The Venue at 109

1000 Venue Cir,
Lebanon, TN 37090

1-3 Beds | $1,660 - $1,820

Hathaway at Lebanon

Hathaway at Lebanon

40 Hathaway Ln,
Lebanon, TN 37087

1-3 Beds | $1,409 - $2,149

Hartmann Plantation

Hartmann Plantation

2000 Hartmann Plantation Ct,
Lebanon, TN 37090

1-4 Beds | $1,205 - $1,955

Property Management Companies in Lebanon, TN

Gross Residential
Gross Residential
  • 40

    Communities

  • 13,968

    Units

  • 22

    Cities

4 Communities in Lebanon
ZRS Management
ZRS Management
  • 326

    Communities

  • 96,441

    Units

  • 135

    Cities

2 Communities in Lebanon
Freeman Webb
Freeman Webb
  • 84

    Communities

  • 15,872

    Units

  • 22

    Cities

2 Communities in Lebanon
Volunteer Properties
Volunteer Properties
  • 46

    Communities

  • 5,000

    Units

  • 19

    Cities

2 Communities in Lebanon
Greystar
Greystar
  • 3,280

    Communities

  • 911,936

    Units

  • 849

    Cities

1 Community in Lebanon
Brookside Properties
Brookside Properties
  • 147

    Communities

  • 24,917

    Units

  • 58

    Cities

1 Community in Lebanon
Pedcor Companies
Pedcor Companies
  • 56

    Communities

  • 12,169

    Units

  • 45

    Cities

1 Community in Lebanon
West Shore
West Shore
  • 50

    Communities

  • 15,722

    Units

  • 32

    Cities

1 Community in Lebanon

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United States Tennessee Lebanon Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity