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City Report · OH

Lebanon

Pop. 21,501·18th most expensive in Ohio·Lebanon rents are up 6.7% over the past year
Median rent (all units)
$1,982/mo
Year-over-Year
+6.7%
Month-over-Month
-7.2%
vs US Median
+$20
Falling (Monthly)
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Most AffordableMost Expensive
Lebanon · $1,982
More expensive than 58% of US cities · National median $1,962/mo
Rent Reality Score
50/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Lebanon's 10-year trend predicts.

Actual rent
$1,982/mo
Expected by trend
$1,984/mo
The Rent Reality Score compares today's median rent to where Lebanon's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$890
1 BR
$1,000
2 BR
$1,290
3 BR
$1,710
4 BR+
$1,890
Fair Market Rent (HUD)
$1,290/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,982 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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$23,784/yr
At $1,982/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 6.7% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+6.7% YoY, -7.2% MoM), not inventory.
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Demographics

Who lives here

Lebanon, OH is majority owner-occupied, 29.1% of residents hold a bachelor's degree or higher.

Population
21,501
Median income
$83,685
Median age
38.5
Renters
38.9%
Age distribution
24.1%
22.3%
26.3%
15.5%
Under 1824.1%
18–3422.3%
35–5426.3%
55–6411.8%
65+15.5%
Gender
48.6%
51.4%
Male48.6%
Female51.4%
Race & ethnicity
90.3%
White90.3%
Black1.4%
Hispanic1.9%
Asian1.1%
Other5.2%
Education (25+)
31.6%
34.6%
29.1%
No HS diploma4.7%
HS diploma31.6%
Some college34.6%
Bachelor's+29.1%
Housing tenure
61.1%
38.9%
Owner61.1%
Renter38.9%

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

2022 vs 2026

How Lebanon, OH has changed in 5 years

Rent
$1,614 → $1,982
up 22.8%
Income
$70,329 → $83,685
up 19.0%
Population
20,770 → 21,501
up 3.5%
Renter share
39.6% → 38.9%
-0.7 pts
Bachelor's+
28.2% → 29.1%
+0.9 pts

Five years ago, renters in Lebanon, OH paid around $1,614 a month. That figure now sits near $1,982, up 22.8% 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.

Community

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

Can you afford rent in Lebanon on your salary?

At $1,982/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, OH

Last updated: August 17, 2026

The median rent in Lebanon is $1,982/mo as of August 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 6.7% over the past year.

FAQ

Frequently asked questions

Is Lebanon an affordable city for renters?

Lebanon is considered affordable for renters. At $1,982/mo, rent takes approximately 28% of the local median household income ($83,685/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 $79,000/year (~$38/hour full-time) to afford the median rent of $1,982/mo in Lebanon. The local median household income is $83,685/yr, meaning the typical Lebanon household meets that threshold.

Is rent going up or down in Lebanon?

Rent in Lebanon has increased 6.7% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Lebanon rent compare to other cities in Ohio?

Lebanon is one of the pricier cities in Ohio for rent, ranking #18 out of 124 tracked cities at $1,982/mo.

Which nearby cities are cheaper to rent in than Lebanon?

Franklin is nearby and more affordable at $1,198/mo, which is $784 less than Lebanon.

What percentage of Lebanon residents rent vs. own?

According to Census data, approximately 38.9% of Lebanon households are renters, while 61.1% 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 $1,982/mo is $20 (1%) above the US national median of $1,962/mo. Within Ohio, it ranks #18 out of 124 tracked cities.
Income Affordability
28%
AFFORDABLE

At $1,982/mo, rent takes ~28% of Lebanon's median household income ($83,685/yr). The standard benchmark is 30%.

Lebanon 28%Benchmark 30%
State income tax2.75–3.5%
Run the Lebanon affordability calculator →
Lowest-rent ZIP codes in Lebanon
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Lebanon, OH

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