At $1,819/mo, rent takes about 34% of the local median household income, slightly above the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,819 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Lebanon changed +10.4% over the year to September 2026. Across the 49 Indiana cities Zillow tracks, the typical change was +4.5%.
Rent has risen 9 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($65,154) is $1,629 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,590); a 4-bedroom is $1,920.
Frankfort, 18 miles away, rents for 48% less ($939/mo), about $10,600 a year in savings.
From Zillow's monthly rent index (ZORI) for Lebanon. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Lebanon, IN is majority owner-occupied, has a median income below the national average, 21.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Lebanon, IN has changed in 5 years
Census figures show median household income at $65,154 today, compared with $58,412 five years earlier. Census counts show Lebanon, IN adding about 616 residents over the five-year window, up 3.6% on net. The renter share has eased from 32.1% to 30.5%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 23.7% to 21.7% across the same window.
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Can you afford rent in Lebanon on your salary?
At $1,819/mo, how Lebanon rent compares to typical pay (30% rule).
Lebanon rent by bedroom count
Median rent for each apartment size in Lebanon. Click any size for full breakdown.
Tips for renters in Lebanon
Last updated: October 17, 2026
The median rent in Lebanon is $1,819/mo as of October 2026. A studio apartment averages $890/mo while a 2-bedroom runs $1,220/mo. One-bedroom apartments average $1,040/mo and 3-bedroom units go for $1,590/mo.
At 34% of local median household income ($65,154/yr), Lebanon ranks as moderate compared to the national benchmark of 30%. Rents have increased 10.4% over the past year.
Frequently asked questions
How much income do you need to rent in Lebanon?
Is rent going up or down in Lebanon?
How does Lebanon rent compare to other cities in Indiana?
Which nearby cities are cheaper to rent in than Lebanon?
At $1,819/mo, rent takes ~34% of Lebanon's median household income ($65,154/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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