Updated 2 Days Ago
Highlights
New Construction
- Open concept kitchen and living space
- Additional sunroom
- Separate laundry room
- Three private bedrooms upstairs
Location
406 Monarch Ln, Lebanon, IN 46052, USA
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Amenities for 406 Monarch Ln
Features
| 2 Floors | Central Air |
| Natural Gas | Walk-in Closet |
Appliances
| Dishwasher | In-Unit Laundry |
Community
| Exterior Type: Brick | Onsite Laundry |
Other
| Eight Rooms | Exterior Type: Vinyl Siding |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
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About 406 Monarch Ln
Property Status: Active Can't beat brand new! New construction townhouse in perfectly situated part of popular and growing Lebanon. Three private bedrooms upstairs, with two full bathrooms, a huge loft and a separate laundry room. Downstairs enjoy an open concept kitchen and living space with an additional sunroom for versatility as well as another half bath. Three minutes to the Lily project, shopping, retail, restaurants, and more! Office Phone: (317) 753-4250 Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 406 Monarch Ln compares to other nearby properties.
Positives
- More space
- The 3-bedroom is 593 sqft larger than other listings nearby
- Images Available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
- Walk-in closet
- More closet space on average
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 2 miles away
Address details
| Zip code | 46052 |
|---|---|
| Type | House for rent |
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Rent trends in Lebanon
3-bedroom apartments at 406 Monarch Ln cost about 38% more than the average rent price for 3-bedroom apartments in Lebanon.
Median rents as of Aug 8 2026.
Lebanon
| Month | Median Rent |
|---|---|
| August 2024 | $1,805 |
| September 2024 | $2,019 |
| October 2024 | $2,128 |
| November 2024 | $1,998 |
| December 2024 | $1,939 |
| January 2025 | $1,902 |
| February 2025 | $1,848 |
| March 2025 | $1,813 |
| April 2025 | $1,822 |
| May 2025 | $2,042 |
| June 2025 | $1,939 |
| July 2025 | $1,843 |
| August 2025 | $1,856 |
| September 2025 | $2,050 |
| October 2025 | $2,000 |
| November 2025 | $1,838 |
| December 2025 | $1,721 |
| January 2026 | $1,762 |
| February 2026 | $1,841 |
| March 2026 | $2,241 |
| April 2026 | $1,879 |
| May 2026 | $1,686 |
| June 2026 | $2,000 |
| July 2026 | $1,938 |
| August 2026 | $1,740 |
Affordability calculator
Can I afford to live at 406 Monarch Ln?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$95,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $95,800 annually to afford this 3-bedrooms monthly rent price of $2,395.
For more information on rent affordability, visit our rent calculator.
Schools near 406 Monarch Ln
Central Elementary School
515 e williams st
lebanon, IN, 46052
K-5Public
B+
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Internet available near 406 Monarch Ln
Neighborhood
Getting around Lebanon near 406 Monarch Ln
Walking
3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
2/10
This is semi-bikeable, but you’ll need another way of getting around.
Points of interest for 406 Monarch Ln, Lebanon
Groceries
6/10
Variety of groceries within a short drive
Shopping
3/10
Some shops within a short drive
Cafes
2/10
Some cafés within a short drive
Restaurants
4/10
Variety of restaurants within a short drive
Primary schools
0/10
Closest elementary school further than a 30-minute walk
High schools
0/10
Closest high school further than a 30-minute walk
Nightlife
2/10
Some bars within a short drive
Explore the area around 406 Monarch Ln
Walmart Supercenter
2440 N Lebanon St
ALDI
2465 N Lebanon St
Kroger
2420 N Lebanon St
Railer's IGA
118 E North St
Walmart Supercenter
2440 N Lebanon St
maurices
2438 N Lebanon St
Samson Historical
119 N Meridian St
Samson Family Leather LLC
119 N Meridian St 119 N Meridi
USA Manufacturing Corp
409 Indianapolis Ave
7 Brew Coffee
2435 N Lebanon St
Just Love Coffee-Lebanon
126 W Washington St
Titus Bakery
820 W South St
Dunkin'
1519 W South St
Just US
320 E Main St
Buffalo Wild Wings
2470G N Lebanon St
That Sports Bar
100 Smith St
Hi-WA Hut
924 W South St
Club 39
220 S Lebanon St
Lebanon Bowling Center
1901 Indianapolis Ave
Walmart Bakery
2440 N Lebanon St
Walmart Deli
2440 N Lebanon St
Kroger Bakery
2420 N Lebanon St
Saint Adrian Meats & Sausage
110 W Washington St
Playground
Memorial Park
Playground
9/11 Memorial Park
Playground
Buffalo Wild Wings
2470G N Lebanon St
Parky's Smokehouse
2479 N Lebanon St
El Meson Mexican Restaurant
2470 N Lebanon St
Buffet King
2452 N Lebanon St
Culver's
2454 N Lebanon St
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