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Rental Market Trends in Lebanon, PA

What is the average rent in Lebanon, PA?

$1,172/month

Average Rent

745 Sq Ft

Average Apartment Size

+0.5%

Increase in the Last Year

As of June 2025, the average rent in Lebanon, PA is $1,172 per month. This is 28% 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 $896 per month for a studio, $1,172 for a one-bedroom apartment, and around $1,448 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,506 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$896/month
551 Sq Ft
One Bedroom
$1,172/month
745 Sq Ft
Two Bedroom
$1,448/month
1,007 Sq Ft
Three Bedroom
$1,506/month
1,052 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, PA?

In the past year, rent has increased by 0.5%, which averages out to $7 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, PA
Last Updated June 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Lebanon, PA
Percentage*
Rent Range
15% Below $700/month
8% $700 - $1,000/month
38% $1,001 - $1,500/month
38% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Lebanon is $1,172, you’ll want to make about $3,906 per month or $46,872 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, PA

112 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Lebanon, PA 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, PA

Apartment Averages

Nearby City Rent Trends

  • Annville Average Rent

Apartment communities in Lebanon we think you'll love

North Cornwall Commons Apartments

North Cornwall Commons Apartments

410 N Springwood Dr,
Lebanon, PA 17042

Studio - 3 Beds | $1,200 - $2,320

Greentree Village Townhomes

Greentree Village Townhomes

519 Greentree Vlg,
Lebanon, PA 17042

2 Beds | $1,465 - $2,305

419 Apartments

419 Apartments

120 W Main St,
Lebanon, PA 17042

2 Beds | $1,650 - $1,750

Plaza Apartments

Plaza Apartments

1813 Summit St,
Lebanon, PA 17042

1-3 Beds | $1,255 - $1,745

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United States Pennsylvania 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