At $981/mo, rent takes about 24% of the local median household income, comfortably within 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 $981 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
30% of the median household income ($48,359) is $1,209 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,120); a 4-bedroom is $1,400.
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, MO is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 18.2% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Lebanon, MO has changed in 5 years
Census figures show median household income at $48,359 today, compared with $40,885 five years earlier. Headcount in the area went from 14,880 to 15,270 between 2021 and 2024, a 2.6% change.
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Can you afford rent in Lebanon on your salary?
At $981/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 $981/mo as of October 2026. A studio apartment averages $630/mo while a 2-bedroom runs $840/mo. One-bedroom apartments average $640/mo and 3-bedroom units go for $1,120/mo.
At 24% of local median household income ($48,359/yr), Lebanon ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady 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 Missouri?
At $981/mo, rent takes ~24% of Lebanon's median household income ($48,359/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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