RentDataNowRentDataNow
City Report · MO

Lebanon

Pop. 15,270·75th most expensive in Missouri·One of the most affordable rental markets in the US
Median rent (all units)
$879/mo
Year-over-Year
Stable
Month-over-Month
+6.0%
vs US Median
-$1,086
Rising (Monthly)
Be the first to discuss Lebanon rents ↓
Most AffordableMost Expensive
Lebanon · $879
More affordable than 99% of US cities · National median $1,965/mo
Affordability
22% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $879/mo, rent takes about 22% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$35,000/yr
Local median income
$48,359/yr
Based on the 30%-of-income rule using Lebanon's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$630
1 BR
$640
2 BR
$840
3 BR
$1,120
4 BR+
$1,400
Research median
$840/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: May 18, 2026

Annual cost
$10,548/yr
At $879/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +6.0% MoM), not inventory.
Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

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.

Population
15,270
Median income
$48,359
Median age
37.4
Renters
47.9%
Age distribution
25.7%
20.9%
26%
16.9%
Under 1825.7%
18–3420.9%
35–5426%
55–6410.6%
65+16.9%
Gender
49.1%
50.9%
Male49.1%
Female50.9%
Race & ethnicity
92.2%
White92.2%
Black0.5%
Hispanic4.1%
Asian1.5%
Other1.7%
Education (25+)
14.6%
41%
26.2%
18.2%
No HS diploma14.6%
HS diploma41%
Some college26.2%
Bachelor's+18.2%
Housing tenure
52.1%
47.9%
Owner52.1%
Renter47.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Lebanon, MO has changed in 5 years

Income
$40,885 → $48,359
up 18.3%
Population
14,880 → 15,270
up 2.6%
Renter share
49.1% → 47.9%
-1.2 pts
Bachelor's+
17.1% → 18.2%
+1.1 pts
Median age
34.5 → 37.4
+2.9 yrs

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.

Community

Discussions about Lebanon

No discussions yet. Start the conversation.

View Lebanon rent history (2015–2026) →
Salary vs rent

Can you afford rent in Lebanon on your salary?

At $879/mo, how Lebanon rent compares to typical pay (30% rule).

By apartment size

Lebanon rent by bedroom count

Median rent for each apartment size in Lebanon. Click any size for full breakdown.

Local insights

Tips for renters in Lebanon

About renting in Lebanon, MO

Last updated: May 18, 2026

The median rent in Lebanon is $879/mo as of May 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 22% 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.

FAQ

Frequently asked questions

Is Lebanon an affordable city for renters?

Lebanon is considered very affordable for renters. At $879/mo, rent takes approximately 22% of the local median household income ($48,359/yr). The standard benchmark is 30%. Lebanon falls comfortably within that range.

How much income do you need to rent in Lebanon?

To keep rent at or below 30% of gross income, you would need to earn at least $35,000/year (~$17/hour full-time) to afford the median rent of $879/mo in Lebanon. The local median household income is $48,359/yr, meaning the typical Lebanon household meets that threshold.

Is rent going up or down in Lebanon?

Rent in Lebanon has been relatively stable over the past year, with a 0.0% change year over year as of May 2026.

How does Lebanon rent compare to other cities in Missouri?

Lebanon is one of the more affordable cities in Missouri for rent, ranking #75 out of 80 tracked cities at $879/mo.

What percentage of Lebanon residents rent vs. own?

According to Census data, approximately 47.9% of Lebanon households are renters, while 52.1% are owner-occupied. Lebanon leans toward homeownership, which can mean a smaller rental inventory.

How does Lebanon rent compare to the national average?

Lebanon's median rent of $879/mo is $1,086 (55%) below the US national median of $1,965/mo. Within Missouri, it ranks #75 out of 80 tracked cities.
Income Affordability
22%
VERY AFFORDABLE

At $879/mo, rent takes ~22% of Lebanon's median household income ($48,359/yr). The standard benchmark is 30%.

Lebanon 22%Benchmark 30%
State income tax2–4.7%
Run the Lebanon affordability calculator →
Lowest-rent ZIP codes in Lebanon
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Lebanon, MO

Recent submissions

Be the first to submit your rent for Lebanon.

Recent discussions

No discussions yet.