Rents are right about where Lebanon's 10-year trend predicts.
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 $1,969 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 is 3.1% below its high of $2,033 in January 2026, at $1,969 as of September 2026.
Rent in Lebanon changed +0.6% over the year to September 2026. Across the 93 Ohio cities Zillow tracks, the typical change was +4.3%.
Rent has fallen 6 months in a row, and rose in 5 of the last 12 months.
30% of the median household income ($83,685) is $2,092 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,890).
Franklin, 8 miles away, rents for 34% less ($1,302/mo), about $8,000 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, OH is majority owner-occupied, 29.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Lebanon, OH has changed in 5 years
Five years ago, renters in Lebanon, OH paid around $1,570 a month. That figure now sits near $1,969, up 25.4% from the 2022 baseline. Census figures show median household income at $83,685 today, compared with $70,329 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Lebanon, OH adding about 731 residents over the five-year window, up 3.5% on net. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.
Discussions about Lebanon
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Can you afford rent in Lebanon on your salary?
At $1,969/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 $1,969/mo as of October 2026. A studio apartment averages $890/mo while a 2-bedroom runs $1,290/mo. One-bedroom apartments average $1,000/mo and 3-bedroom units go for $1,710/mo.
At 28% of local median household income ($83,685/yr), Lebanon ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.6% 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 Ohio?
Which nearby cities are cheaper to rent in than Lebanon?
At $1,969/mo, rent takes ~28% of Lebanon's median household income ($83,685/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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