ZIP Code · MO

ZIP 65536

Part of Lebanon, MO

Pop. 29,915·Laclede County·129th most expensive ZIP in Missouri

Median rent (all units)

$981/mo

Year-over-Year

Stable

Month-over-Month

+2.7%

vs US Median

-$951

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 65536 · $981

More affordable than 98% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$680

1 BR

$700

2 BR

$920

3 BR

$1,210

4 BR+

$1,510

Research median

$920/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: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($53,783) is $1,345 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,210); a 4-bedroom is $1,510.

From Zillow's monthly rent index (ZORI) for ZIP 65536. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$11,772/yr

At $981/mo median

Location

CityLebanon

StateMO

CountyLaclede County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +2.7% MoM), not inventory.

Demographics

Who lives here

ZIP 65536 (Lebanon, MO) is majority owner-occupied, has a median income below the national average, 16.4% of residents hold a bachelor's degree or higher.

Population

29,915

Median income

$53,783

Median age

39.2

Renters

32.5%

Age distribution

24.3%

19.5%

24.5%

14.2%

17.5%

Under 1824.3%

18–3419.5%

35–5424.5%

55–6414.2%

65+17.5%

Gender

50%

Male50%

Female50%

Race & ethnicity

90.9%

White90.9%

Black0.6%

Hispanic2.7%

Asian0.9%

Other4.9%

Education (25+)

14.3%

41.7%

27.6%

16.4%

No HS diploma14.3%

HS diploma41.7%

Some college27.6%

Bachelor's+16.4%

Housing tenure

67.5%

32.5%

Owner67.5%

Renter32.5%

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

2021 vs 2026

How ZIP 65536 in Lebanon, MO has changed in 5 years

Income

$47,114 → $53,783

up 14.2%

Population

29,987 → 29,915

down 0.2%

Renter share

30.5% → 32.5%

+2.0 pts

Bachelor's+

16.5% → 16.4%

-0.1 pts

Median household income climbed from $47,114 to $53,783 between 2021 and 2024, a 14.2% shift. The renter share has risen from 30.5% to 32.5%, with owner-occupied housing accounting for the remainder.

Community

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About renting in ZIP 65536

Last updated: October 17, 2026

ZIP code 65536 covers Lebanon, MO. The median rent here is $981/mo as of October 2026. A 1-bedroom rents for a median of $700/mo. A 2-bedroom rents for a median of $920/mo.

At 22% of local median household income ($53,783/yr), ZIP 65536 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 65536?

To keep rent at or below 30% of gross income, you would need to earn at least $39,000/year (about $19/hour full-time) to afford the median rent of $981/mo in ZIP 65536. The local median household income is $53,783/yr, so the typical household meets that bar.