Average Rent in Lebanon, PA↑ Rents rising 3.6% YoY

Lebanon, PA has rental prices ranging from $918/month to $1,714/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $999/month — 29% below the national average of $1,400/month. With a median household income of $76,350/year, spending $999/month on a 1-bedroom represents 16% of gross income — within the recommended 30% threshold.

How Lebanon Compares

With an average 2-bedroom rent of $1,269/month, Lebanon ranks #11 most expensive of the 51 cities tracked in Pennsylvania — pricier than 85% of all US cities in our data.

The Lebanon Rental Market

The Lebanon, PA area has a population of about 143,592 and 29% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Lebanon, PA have risen by $44/month (3.6%) over the past year, from $1,225 to $1,269. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Lebanon, PA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $39,960. The local median household income of $76,350 exceeds that threshold by $36,390, making Lebanon relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Lebanon, PA is $291,454, giving a price-to-rent ratio of 19.1. With a break-even horizon of approximately 19 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Lebanon's neighborhoods. Among the highest-value areas are Pleasant Hill ($237,046 median home value), Quentin ($272,271 median home value), Avon ($275,934 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Lebanon, PA Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Lebanon?

Break-even analysis and mortgage estimates based on local market data.

Living in Lebanon

Cost of living, job market, crime rates, and moving cost estimates.