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Rental Market Trends in Lebanon, OH

Updated July 2026

The average rent in Lebanon, OH is $1,302/month.

Rent in Lebanon is 22% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.

$1,302/month

Average Rent

698 Sq Ft

Average Size

+2%

Change / Year

269

Available Apartments

Lebanon rent varies by unit size and layout:

  • Studio apartments in Lebanon average $970 per month.
  • One-bedroom apartments in Lebanon average $1,302 per month.
  • Two-bedroom apartments in Lebanon average $1,740 per month.
  • Three-bedroom apartments in Lebanon average $2,282 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$970/month
288 Sq Ft
One Bedroom
$1,302/month
698 Sq Ft
Two Bedroom
$1,740/month
1,053 Sq Ft
Three Bedroom
$2,282/month
1,355 Sq Ft
View Lebanon Apartments

How much has average rent changed in Lebanon, OH?

In the past year, rent has increased by 2%, which averages out to $27 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Lebanon, OH

July 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Lebanon, OH
Percentage*
Rent Range
0% Below $700/month
13% $700 - $1,000/month
40% $1,001 - $1,500/month
33% $1,501 - $2,000/month
13% Above $2,000/month

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

Because the average rent in Lebanon is $1,302, you’ll want to make about $4,340 per month or $52,080 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

269 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.

View the Lebanon Area Guide

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • South Lebanon

    South Lebanon

  • Mason

    Mason

  • Maineville

    Maineville

Apartment Communities in Lebanon We Think You'll Love

Founders Landing Apartments

Founders Landing Apartments

1606 Founders Landing,
Lebanon, OH 45036

1-3 Beds | $1,305 - $2,735

Deerfield Crossing Apartments

Deerfield Crossing Apartments

1111 Deerfield Rd,
Lebanon, OH 45036

2 Beds | $1,399 - $1,799

Water's Bend

Water's Bend

350 Sycamore Ln,
South Lebanon, OH 45065

1-2 Beds | $1,467 - $1,962

511 No. Broadway - LEB

511 No. Broadway - LEB

511 N Broadway St,
Lebanon, OH 45036

3 Beds | $2,250

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Frequently Asked Questions

What is the average rent in Lebanon?

The average rent in Lebanon is $1,302 per month, which is 21.7% lower than the national average of $1,663.

Are rents going up or down in Lebanon?

Rents in Lebanon, OH are increasing, with prices up 2.0% year-over-year and $27 more per month.

What rent range is most common in Lebanon?

In Lebanon, OH, 40% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

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 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity