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City Report · TN

Lebanon

Pop. 44,788·28th most expensive in Tennessee·Lebanon rents are up 5.3% over the past year
Median rent (all units)
$1,704/mo
Year-over-Year
+5.3%
Month-over-Month
+0.7%
vs US Median
-$261
Rising (Monthly)
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Most AffordableMost Expensive
Lebanon · $1,704
More affordable than 61% of US cities · National median $1,965/mo
Rent Reality Score
53/100
Fairly priced
OverheatedFairGreat value

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

Actual rent
$1,704/mo
Expected by trend
$1,730/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
$1,385
1 BR
$1,435
2 BR
$1,595
3 BR
$2,010
4 BR+
$2,465
Research median
$1,595/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
$20,448/yr
At $1,704/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.3% YoY, +0.7% MoM), not inventory.
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Demographics

Who lives here

Lebanon, TN is majority owner-occupied, 30.8% of residents hold a bachelor's degree or higher.

Population
44,788
Median income
$72,848
Median age
35
Renters
37.6%
Age distribution
23.1%
26.8%
24%
16.2%
Under 1823.1%
18–3426.8%
35–5424%
55–649.9%
65+16.2%
Gender
47.6%
52.4%
Male47.6%
Female52.4%
Race & ethnicity
72%
12.2%
White72%
Black12.2%
Hispanic10.7%
Asian2.1%
Other3.1%
Education (25+)
31%
28.9%
30.8%
No HS diploma9.3%
HS diploma31%
Some college28.9%
Bachelor's+30.8%
Housing tenure
62.4%
37.6%
Owner62.4%
Renter37.6%

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

2022 vs 2026

How Lebanon, TN has changed in 5 years

Rent
$1,450 → $1,704
up 17.5%
Income
$60,582 → $72,848
up 20.2%
Population
37,471 → 44,788
up 19.5%
Renter share
42.9% → 37.6%
-5.3 pts
Bachelor's+
29.6% → 30.8%
+1.2 pts
Median age
35.5 → 35
-0.5 yrs

Rent in Lebanon, TN has climbed 17.5% since 2022, going from about $1,450 per month to roughly $1,704 today. Median household income grew from $60,582 to $72,848 between 2021 and 2024, a 20.2% shift. Headcount in the area went from 37,471 to 44,788 between 2021 and 2024, a 19.5% change. About 37.6% of households rent today, against 42.9% in 2021. Taken together, the five-year picture in Lebanon, TN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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 $1,704/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, TN

Last updated: July 20, 2026

The median rent in Lebanon is $1,704/mo as of July 2026. A studio apartment averages $1,385/mo while a 2-bedroom runs $1,595/mo. One-bedroom apartments average $1,435/mo and 3-bedroom units go for $2,010/mo.

At 28% of local median household income ($72,848/yr), Lebanon ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.3% over the past year.

FAQ

Frequently asked questions

Is Lebanon an affordable city for renters?

Lebanon is considered affordable for renters. At $1,704/mo, rent takes approximately 28% of the local median household income ($72,848/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 $68,000/year (~$33/hour full-time) to afford the median rent of $1,704/mo in Lebanon. The local median household income is $72,848/yr, meaning the typical Lebanon household meets that threshold.

Is rent going up or down in Lebanon?

Rent in Lebanon has increased 5.3% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Lebanon neighborhoods have the lowest rent?

The most affordable ZIP codes in Lebanon are 37090 ($1,618/mo), and 37087 ($1,768/mo). Citywide, the median rent in Lebanon is $1,704/mo.

How does Lebanon rent compare to other cities in Tennessee?

Lebanon is middle-of-the-pack for Tennessee for rent, ranking #28 out of 65 tracked cities at $1,704/mo.

Which nearby cities are cheaper to rent in than Lebanon?

Several nearby cities have lower median rents than Lebanon ($1,704/mo): Gallatin ($1,633/mo), Hendersonville ($1,678/mo), Smyrna ($1,693/mo).

What percentage of Lebanon residents rent vs. own?

According to Census data, approximately 37.6% of Lebanon households are renters, while 62.4% 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 $1,704/mo is $261 (13%) below the US national median of $1,965/mo. Within Tennessee, it ranks #28 out of 65 tracked cities.
Income Affordability
28%
AFFORDABLE

At $1,704/mo, rent takes ~28% of Lebanon's median household income ($72,848/yr). The standard benchmark is 30%.

Lebanon 28%Benchmark 30%
State income taxNone
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, TN

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