Terbuny is a rural locality situated in the Lipetsk Oblast of Russia. It serves as the administrative center for the Terbunsky District.
According to census data, the population of the locality has shown gradual growth over several decades. The 2021 census recorded a population of 7,760 residents, following figures of 7,312 in 2010, 6,998 in 2002, and 6,702 during the 1989 Soviet census.