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Rental Market Trends in Lebanon, PA

What is the average rent in Lebanon, PA?

$1,367/month

Average Rent

724 Sq Ft

Average Apartment Size

+4.5%

Increase in the Last Year

Lebanon, PA Rental Market Overview

The average rent in Lebanon, PA is $1,367 per month. This is 17% lower than the national average rent of $1,644/month, making renting in Lebanon more affordable than most cities in the US.

  • Studio apartments in Lebanon average $989 per month.
  • One-bedroom apartments in Lebanon average $1,367 per month.
  • Two-bedroom apartments in Lebanon average $1,529 per month.
  • Three-bedroom apartments in Lebanon average $1,557 or more per month.

Data Updated: June, 2026

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$989/month
548 Sq Ft
One Bedroom
$1,367/month
724 Sq Ft
Two Bedroom
$1,529/month
1,009 Sq Ft
Three Bedroom
$1,557/month
1,056 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
Three Bedroom
$1,821/month
884 Sq Ft

How much has average rent changed in Lebanon, PA?

In the past year, rent has increased by 4.5%, which averages out to $62 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 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Lebanon, PA
Last Updated June 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Lebanon, PA
Percentage*
Rent Range
14% Below $700/month
7% $700 - $1,000/month
36% $1,001 - $1,500/month
43% $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 $1,367, you’ll want to make about $4,556 per month or $54,672 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

233 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

Apartment communities in Lebanon we think you'll love

Briar Ridge Commons

Briar Ridge Commons

160 Bramble Ln,
Lebanon, PA 17046

$1,595 - $1,695

2 Beds

North Cornwall Commons Apartments

North Cornwall Commons Apartments

410 N Springwood Dr,
Lebanon, PA 17042

$1,200 - $2,900

Studio - 3 Beds

419 Apartments

419 Apartments

15 Travertine Dr,
Lebanon, PA 17042

$1,595 - $1,695

2 Beds

Plaza Apartments

Plaza Apartments

1813 Summit St,
Lebanon, PA 17042

$1,295 - $1,805

1-3 Beds

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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 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