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City Report · NH

Lebanon

Pop. 14,999·6th most expensive in New Hampshire·Rental market data updated monthly for Lebanon, NH
Median rent (all units)
$2,521/mo
Year-over-Year
-1.0%
Month-over-Month
+8.1%
vs US Median
+$556
Rising (Monthly)
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Most AffordableMost Expensive
Lebanon · $2,521
More expensive than 80% of US cities · National median $1,965/mo
Affordability
31% of income
MODERATE
0%30% benchmark60%+

At $2,521/mo, rent takes about 31% of the local median household income, slightly above the 30% benchmark.

Income to afford
$101,000/yr
Local median income
$98,147/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
$1,480
1 BR
$1,550
2 BR
$2,030
3 BR
$2,700
4 BR+
$2,820
Research median
$2,030/mo

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

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$30,252/yr
At $2,521/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 1.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (-1.0% YoY, +8.1% MoM), not inventory.
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Demographics

Who lives here

Lebanon, NH is roughly split between renters and owners, has a large retiree population, has a median income above the national average, 57.5% of residents hold a bachelor's degree or higher.

Population
14,999
Median income
$98,147
Median age
38.9
Renters
48.8%
Age distribution
14.6%
28.6%
20.9%
14.5%
21.4%
Under 1814.6%
18–3428.6%
35–5420.9%
55–6414.5%
65+21.4%
Gender
46.4%
53.6%
Male46.4%
Female53.6%
Race & ethnicity
85.1%
White85.1%
Black0.7%
Hispanic3.1%
Asian6.7%
Other4.5%
Education (25+)
21.3%
18%
57.5%
No HS diploma3.2%
HS diploma21.3%
Some college18%
Bachelor's+57.5%
Housing tenure
51.2%
48.8%
Owner51.2%
Renter48.8%

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

2021 vs 2026

How Lebanon, NH has changed in 5 years

Income
$80,619 → $98,147
up 21.7%
Population
14,316 → 14,999
up 4.8%
Renter share
47% → 48.8%
+1.8 pts
Bachelor's+
55.8% → 57.5%
+1.7 pts
Median age
38.1 → 38.9
+0.8 yrs

Household income in the area moved from $80,619 to $98,147 across the same window, up 21.7% versus 2021. Headcount in the area went from 14,316 to 14,999 between 2021 and 2024, a 4.8% change. About 48.8% of households rent today, against 47% in 2021.

Community

Discussions about Lebanon

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

Can you afford rent in Lebanon on your salary?

At $2,521/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, NH

Last updated: July 20, 2026

The median rent in Lebanon is $2,521/mo as of July 2026. A studio apartment averages $1,480/mo while a 2-bedroom runs $2,030/mo. One-bedroom apartments average $1,550/mo and 3-bedroom units go for $2,700/mo.

At 31% of local median household income ($98,147/yr), Lebanon ranks as moderate compared to the national benchmark of 30%. Rents have decreased 1.0% over the past year.

FAQ

Frequently asked questions

Is Lebanon an affordable city for renters?

Lebanon is considered moderate for renters. At $2,521/mo, rent takes approximately 31% of the local median household income ($98,147/yr). The standard benchmark is 30%. Lebanon slightly exceeds that threshold, so budgeting carefully matters here.

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 $101,000/year (~$49/hour full-time) to afford the median rent of $2,521/mo in Lebanon. The local median household income is $98,147/yr, meaning the typical Lebanon household falls short of that threshold.

Is rent going up or down in Lebanon?

Rent in Lebanon has decreased 1.0% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Lebanon rent compare to other cities in New Hampshire?

Lebanon is one of the pricier cities in New Hampshire for rent, ranking #6 out of 18 tracked cities at $2,521/mo.

Which nearby cities are cheaper to rent in than Lebanon?

Several nearby cities have lower median rents than Lebanon ($2,521/mo): Barre ($1,483/mo), Claremont ($1,691/mo), Keene ($1,818/mo).

What percentage of Lebanon residents rent vs. own?

According to Census data, approximately 48.8% of Lebanon households are renters, while 51.2% 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 $2,521/mo is $556 (28%) above the US national median of $1,965/mo. Within New Hampshire, it ranks #6 out of 18 tracked cities.
Income Affordability
31%
MODERATE

At $2,521/mo, rent takes ~31% of Lebanon's median household income ($98,147/yr). The standard benchmark is 30%.

Lebanon 31%Benchmark 30%
State income taxNone
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Lowest-rent ZIP codes in Lebanon
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Lebanon, NH

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