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Rental Market Trends in Lebanon, OH

What is the average rent in Lebanon, OH?

$1,006/month

Average Rent

636 Sq Ft

Average Apartment Size

+2.5%

Increase in the Last Year

As of September 2025, the average rent in Lebanon, OH is $1,006 per month. This is 39% lower than the national average rent of $1,640/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 $724 per month for a studio, $1,006 for a one-bedroom apartment, and around $1,523 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,087 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$724/month
288 Sq Ft
One Bedroom
$1,006/month
636 Sq Ft
Two Bedroom
$1,523/month
1,002 Sq Ft
Three Bedroom
$2,087/month
1,468 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,375/month
1,866 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, OH?

In the past year, rent has increased by 2.5%, which averages out to $26 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 September 2025
Legend
2024 2025
Market Trends Over Time

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

Because the average rent in Lebanon is $1,006, you’ll want to make about $3,353 per month or $40,236 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, OH

116 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Lebanon, OH 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.

Explore the Area Guide for Lebanon, OH

Apartment Averages

Nearby City Rent Trends

  • South Lebanon Average Rent
  • Mason Average Rent
  • Maineville Average Rent
  • Springboro Average Rent

Apartment communities in Lebanon we think you'll love

Deerfield Crossing Apartments

Deerfield Crossing Apartments

1111 Deerfield Rd,
Lebanon, OH 45036

$1,349 - $1,799

2 Beds

Water's Bend

Water's Bend

350 Sycamore Ln,
South Lebanon, OH 45065

$1,355 - $1,890

1-2 Beds

Redwood South Lebanon

Redwood South Lebanon

4537 Redhewn Ln,
South Lebanon, OH 45065

$2,359 - $3,516

2 Beds

American Village Apartments

American Village Apartments

845 Franklin Rd,
Lebanon, OH 45036

$1,200

2 Beds

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United States Ohio 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 September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity