Lebanon, OR Rental Market Trends
Last updated: February 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Lebanon is $1,493, a 4.28% decrease compared to the previous year, when the average rent was $1,560.
Studio Apartments at $1,221 offer the most budget-friendly option with 526 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 698 square feet for $1,316, balancing privacy and affordability.
Two-beedroom units at $1,598 offer 943 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,146 sq ft) for $1,676, suitable for larger households.
Average rent in Lebanon, OR
Last updated: February 22, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,493 | 863 sq. ft. |
| Studio | $1,221 | 526 sq. ft. |
| 1 Bed | $1,316 | 698 sq. ft. |
| 2 Beds | $1,598 | 943 sq. ft. |
| 3 Beds | $1,676 | 1,146 sq. ft. |
Lebanon, OR rent trends
Rental prices in Lebanon, OR have decreased by 4.28% over the past year. The average rent moved from $1,560 to $1,493.
What's the typical rent budget in Lebanon, OR?
The largest share of rentals in Lebanon, OR (51%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Lebanon, OR?
3,342 or 44% of the households in Lebanon, OR are renter-occupied while 4,315 or 56% are owner-occupied.
How Lebanon Compares to Other Cities
| City | Average Rent |
|---|---|
| Portland | $1,702 |
| Beaverton | $1,737 |
| Eugene | $1,861 |
| Hillsboro | $1,823 |
| Gresham | $1,619 |
| Salem | $1,476 |
| Tigard | $1,691 |
| Bend | $1,920 |
| Happy Valley | $1,858 |
| Corvallis | $1,984 |
| Springfield, OR | $1,581 |
| Wilsonville, OR | $1,783 |
| Oregon City | $1,761 |
| Albany, OR | $1,569 |
| Canby, OR | $1,586 |
| Keizer, OR | $1,485 |
| Sherwood, OR | $1,925 |
| Junction City, OR | $1,439 |
| Woodburn, OR | $1,625 |
| Dallas, OR | $1,330 |
| Lebanon | $1,493 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Lebanon apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.