Rentometer, Inc. | Data as of 10/22/2025
Lebanon, Indiana offers a welcoming blend of small‑town charm and easy access to larger metropolitan amenities, making it an attractive destination for renters seeking both convenience and community. The historic downtown district boasts boutique shops, local eateries, and cultural venues, while nearby Wolf Lake and the Lebanon Community Park provide ample outdoor recreation. Proximity to major highways and a short commute to Indianapolis add to the city’s appeal for professionals and families alike, creating steady demand for quality rental housing.
The local rental market features a balanced mix of apartments and single‑family homes, catering to a variety of lifestyle needs. One‑bedroom apartments typically hover around the $1,200 range, with average rents near $1,191 and median figures close to $1,150. Two‑ and three‑bedroom apartments see rents rise into the $1,300‑$1,800 bracket, while larger homes command premium rates, with three‑bedroom houses averaging about $2,023 and four‑plus bedroom homes reaching the $2,700 level. These price points reflect the city’s competitive market and the desirability of neighborhoods such as Brookside and the River Valley, known for well‑maintained properties and easy access to schools, shopping, and recreational trails. Whether you’re a young professional, a growing family, or a retiree looking for a quiet setting, Lebanon’s rental options provide flexible choices within a range that fits diverse budgets.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,191 | $1,125 | $750 - $1,669 | $1,039 - $1,499 |
| Apartment | 2 Bedroom | $1,321 | $1,275 | $925 - $1,850 | $1,099 - $1,559 |
| Apartment | 3 Bedroom | $1,827 | $1,725 | $1,259 - $2,350 | $1,575 - $2,159 |
| House | 2 Bedroom | $1,316 | $1,300 | $925 - $1,700 | $1,190 - $1,500 |
| House | 3 Bedroom | $2,022 | $1,974 | $1,740 - $2,450 | $1,845 - $2,289 |
| House | 4+ Bedroom | $2,773 | $2,300 | $1,545 - $5,000 | $2,225 - $2,695 |
In the current period, the average rent in Lebanon was
$1,175 for 1 Bedroom,
$1,320 for 2 Bedroom,
$1,951 for 3 Bedroom, and
$2,496 for 4+ Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.