Hickory Cottages
901 Kelly Green Ln,
Lebanon, IN 46052
Studio - 3 Beds | $1,359 - $2,769
Rental Market Trends in Lebanon, IN
What is the average rent in Lebanon, IN?
$1,017/month
Average Rent
728 Sq Ft
Average Apartment Size
+1.1%
Increase in the Last Year
As of June 2025, the average rent in Lebanon, IN is $1,017 per month. This is 38% lower than the national average rent of $1,628/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 $1,294 per month for a studio, $1,017 for a one-bedroom apartment, and around $1,190 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,519 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Lebanon, IN?
In the past year, rent has increased by 1.1%, which averages out to $11 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024
2025
Rent Ranges in Lebanon, IN
Last Updated June 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
21%
Below $700/month
21%
$700 - $1,000/month
43%
$1,001 - $1,500/month
7%
$1,501 - $2,000/month
7%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Lebanon?
Based on current rent prices, Lebanon/Whitestown is the most affordable neighborhood in Lebanon.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Lebanon?
Based on current rent prices, Lebanon/Whitestown is the most expensive neighborhood in Lebanon.
Neighborhood
Average Rent
Average Sq Ft
Which Lebanon neighborhoods have the most rentals available?
The neighborhood in Lebanon with the most apartments available is Lebanon/Whitestown .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lebanon, IN?
Because the average rent in Lebanon is $1,017, you’ll want to make about $3,390 per month or $40,680 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.
How does Lebanon, IN compare to other nearby cities and neighborhoods?
Use the tool below to compare Lebanon, IN 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.
Studio
$1,310/month
$1,310/month
One Bedroom
$1,300/month
$1,300/month
Two Bedroom
$1,510/month
$1,510/month
Three Bedroom
$1,875/month
$1,875/month
Nearby City Rent Trends
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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.