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 $1,531 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 1.9% below its high of $1,560 in April 2026, at $1,531 as of September 2026.
Rent in Lebanon changed +1.1% over the year to September 2026. Across the 54 Oregon cities Zillow tracks, the typical change was +1.9%.
Rent has fallen 5 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($63,176) is $1,579 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,480); a 3-bedroom is $1,990.
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, OR is majority owner-occupied, has a median income below the national average, 21.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Lebanon, OR has changed in 5 years
Since 2023, the typical rent in Lebanon, OR has climbed from $1,484 to $1,531, a 3.2% 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.
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Can you afford rent in Lebanon on your salary?
At $1,531/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 $1,531/mo as of October 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 29% of local median household income ($63,176/yr), Lebanon ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.1% 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 Oregon?
Which nearby cities are cheaper to rent in than Lebanon?
At $1,531/mo, rent takes ~29% of Lebanon's median household income ($63,176/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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