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Rental Market Trends in Lebanon, OH

What is the average rent in Lebanon, OH?

$995/month

Average Rent

636 Sq Ft

Average Apartment Size

+2.9%

Increase in the Last Year

As of June 2025, the average rent in Lebanon, OH is $995 per month. This is 39% 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 $722 per month for a studio, $995 for a one-bedroom apartment, and around $1,532 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,114 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$722/month
288 Sq Ft
One Bedroom
$995/month
636 Sq Ft
Two Bedroom
$1,532/month
1,008 Sq Ft
Three Bedroom
$2,114/month
1,468 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,221/month
1,238 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 2.9%, which averages out to $29 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
Market Trends Over Time
Rent Ranges in Lebanon, OH
Last Updated June 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Lebanon, OH
Percentage*
Rent Range
0% Below $700/month
21% $700 - $1,000/month
36% $1,001 - $1,500/month
29% $1,501 - $2,000/month
14% Above $2,000/month

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

Because the average rent in Lebanon is $995, you’ll want to make about $3,316 per month or $39,792 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

111 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

Apartment communities in Lebanon we think you'll love

Deerfield Crossing Apartments

Deerfield Crossing Apartments

1111 Deerfield Rd,
Lebanon, OH 45036

2 Beds | $1,499 - $1,799

Water's Bend

Water's Bend

350 Sycamore Ln,
South Lebanon, OH 45065

1-2 Beds | $1,350 - $1,885

Redwood South Lebanon

Redwood South Lebanon

4537 Redhewn Ln,
South Lebanon, OH 45065

2 Beds | $2,156 - $3,242

Arbors of Lebanon

Arbors of Lebanon

1110 E Main St,
Lebanon, OH 45036

2 Beds | $1,506 - $1,626

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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 June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity