Rentometer, Inc. | Data as of 10/22/2025
Lebanon, Oregon offers a vibrant rental market that blends small‑town charm with convenient access to outdoor recreation and regional employment hubs. Prospective renters appreciate the mix of historic neighborhoods, such as the Riverfront District, and newer developments near the Lebanon Community College campus, which provide easy walks to local cafés, boutique shops, and the popular Greenbelt Park. The city's close proximity to the Willamette River and the Cascade foothills makes it especially attractive to families and professionals seeking a balanced lifestyle.
Housing options in Lebanon range from modern studio apartments in the downtown core to spacious three‑bedroom homes in the surrounding residential enclaves. Renters can typically find studio units in the $1200s, while one‑bedroom apartments often sit in the $1300s. Two‑bedroom apartments and houses commonly fall within the $1500s, and larger three‑bedroom rentals usually reach the $1900‑$2000 range, with premium home options approaching the $2200 tier. This variety ensures that both individuals and growing households can locate a space that aligns with budget and lifestyle preferences.
The rental market is bolstered by Lebanon’s strong sense of community, well‑rated schools, and convenient transit links to larger cities like Albany and Corvallis. Whether you’re drawn to the historic charm of the Veterans Memorial Square area or the newer, family‑friendly subdivisions near the high‑tech corridor, Lebanon’s rental scene provides diverse and appealing choices for a wide array of renters.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,283 | $1,275 | $1,199 - $1,375 | $1,199 - $1,375 |
| Apartment | 1 Bedroom | $1,346 | $1,395 | $1,095 - $1,445 | $1,300 - $1,425 |
| Apartment | 2 Bedroom | $1,531 | $1,550 | $1,245 - $2,088 | $1,395 - $1,600 |
| Apartment | 3 Bedroom | $1,990 | $1,860 | $1,700 - $2,645 | $1,825 - $2,345 |
| House | 2 Bedroom | $1,567 | $1,472 | $1,300 - $2,050 | $1,350 - $1,950 |
| House | 3 Bedroom | $3,138 | $2,245 | $1,200 - $19,950 | $2,100 - $2,345 |
In the current period, the average rent in Lebanon was
$1,283 for Studio,
$1,346 for 1 Bedroom,
$1,540 for 2 Bedroom, and
$2,785 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.