Rents are 3% below what Lebanon's 10-year trend predicts — a better deal than its own history suggests.
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 $1,613 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 at its highest level since Zillow's records here began in January 2022.
Rent in Lebanon changed +1.9% over the year to September 2026. Across the 51 Tennessee cities Zillow tracks, the typical change was +2.0%.
Rent rose in 10 of the last 12 months.
30% of the median household income ($72,848) is $1,821 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,595); a 3-bedroom is $2,010.
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, TN is majority owner-occupied, 30.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Lebanon, TN has changed in 5 years
Rent in Lebanon, TN has climbed 15.8% since 2022, going from about $1,393 per month to roughly $1,613 today. Median household income grew from $60,582 to $72,848 between 2021 and 2024, a 20.2% shift. Income growth outran rent by about 4.4 percentage points, easing the affordability math somewhat compared with 2021. 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.
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Can you afford rent in Lebanon on your salary?
At $1,613/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 $1,613/mo as of October 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 27% of local median household income ($72,848/yr), Lebanon ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.9% 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?
Which Lebanon neighborhoods have the lowest rent?
How does Lebanon rent compare to other cities in Tennessee?
At $1,613/mo, rent takes ~27% of Lebanon's median household income ($72,848/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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