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City Report · OR

Lebanon

Pop. 19,344·54th most expensive in Oregon·Lebanon rents are up 6.1% over the past year
Median rent (all units)
$1,595/mo
Year-over-Year
+6.1%
Month-over-Month
-0.5%
vs US Median
-$370
Stable (Monthly)
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Most AffordableMost Expensive
Lebanon · $1,595
More affordable than 70% of US cities · National median $1,965/mo
Rent Reality Score
42/100
Fairly priced
OverheatedFairGreat value

Rents are 4% above what Lebanon's 10-year trend predicts — running hotter than its own history.

Actual rent
$1,595/mo
Expected by trend
$1,537/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
$1,010
1 BR
$1,220
2 BR
$1,480
3 BR
$1,990
4 BR+
$2,320
Research median
$1,480/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
$19,140/yr
At $1,595/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (6.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+6.1% YoY, -0.5% MoM), not inventory.
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Demographics

Who lives here

Lebanon, OR is majority owner-occupied, has a median income below the national average, 21.3% of residents hold a bachelor's degree or higher.

Population
19,344
Median income
$63,176
Median age
37.2
Renters
44.7%
Age distribution
19.8%
26.7%
21.8%
12.2%
19.6%
Under 1819.8%
18–3426.7%
35–5421.8%
55–6412.2%
65+19.6%
Gender
48.6%
51.4%
Male48.6%
Female51.4%
Race & ethnicity
87.8%
White87.8%
Black0.9%
Hispanic10.7%
Asian1.9%
Education (25+)
34.3%
36.8%
21.3%
No HS diploma7.7%
HS diploma34.3%
Some college36.8%
Bachelor's+21.3%
Housing tenure
55.3%
44.7%
Owner55.3%
Renter44.7%

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

2023 vs 2026

How Lebanon, OR has changed in 5 years

Rent
$1,435 → $1,595
up 11.1%
Income
$48,889 → $63,176
up 29.2%
Population
18,150 → 19,344
up 6.6%
Renter share
47% → 44.7%
-2.3 pts
Bachelor's+
18.1% → 21.3%
+3.2 pts

Since 2023, the typical rent in Lebanon, OR has climbed from $1,435 to $1,595, a 11.1% change over five years. Census figures show median household income at $63,176 today, compared with $48,889 five years earlier. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 6.6% since 2021, moving from about 18,150 residents to roughly 19,344. Renters now make up 44.7% of households, compared with 47% five years ago. College-educated residents now make up 21.3% of adults here, versus 18.1% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.

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 $1,595/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, OR

Last updated: July 20, 2026

The median rent in Lebanon is $1,595/mo as of July 2026. A studio apartment averages $1,010/mo while a 2-bedroom runs $1,480/mo. One-bedroom apartments average $1,220/mo and 3-bedroom units go for $1,990/mo.

At 30% of local median household income ($63,176/yr), Lebanon ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.1% over the past year.

FAQ

Frequently asked questions

Is Lebanon an affordable city for renters?

Lebanon is considered moderate for renters. At $1,595/mo, rent takes approximately 30% of the local median household income ($63,176/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 $64,000/year (~$31/hour full-time) to afford the median rent of $1,595/mo in Lebanon. The local median household income is $63,176/yr, meaning the typical Lebanon household falls short of that threshold.

Is rent going up or down in Lebanon?

Rent in Lebanon has increased 6.1% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Lebanon rent compare to other cities in Oregon?

Lebanon is one of the more affordable cities in Oregon for rent, ranking #54 out of 65 tracked cities at $1,595/mo.

Which nearby cities are cheaper to rent in than Lebanon?

Stayton is nearby and more affordable at $1,513/mo, which is $82 less than Lebanon.

What percentage of Lebanon residents rent vs. own?

According to Census data, approximately 44.7% of Lebanon households are renters, while 55.3% 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 $1,595/mo is $370 (19%) below the US national median of $1,965/mo. Within Oregon, it ranks #54 out of 65 tracked cities.
Income Affordability
30%
MODERATE

At $1,595/mo, rent takes ~30% of Lebanon's median household income ($63,176/yr). The standard benchmark is 30%.

Lebanon 30%Benchmark 30%
State income tax4.75–9.9%
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, OR

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