Indiana is where the past meets the present, and the great outdoors is right at your fingertips. Get to know the rich cultural heritage of this Midwestern gem by visiting incredible museums like the Eiteljorg Museum of American Indians and Western Art, or check out the top universities like Purdue University and Indiana University. Indiana is a hub of economic activity, with its thriving manufacturing, agriculture, and transportation industries.

The state also offers plenty of opportunities for those seeking adventure and excitement. From exploring the beautiful state parks to fishing in its many lakes and rivers, Indiana is a nature-lovers paradise from the Hoosier National Forest to the Ohio River. And for sports fans, check out the Indianapolis Colts (NFL) and Indiana Pacers (NBA) or catch a game at universities like Purdue or Indiana. In addition, discover famous attractions like the Indianapolis Motor Speedway, home of the world-famous Indianapolis 500 race, the Children's Museum of Indianapolis, and the historic town of Brown County.

With its strong economy, quality education, and lively atmosphere, Indiana is the perfect place to live.

Rental Market Trends

Lebanon, IN

As of July 2025, Lebanon's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lebanon's average rent is 5.1% ($65) lower than the Indiana average of $1,263 and 32.5% ($577) lower than the U.S. average of $1,775.

Average Rent

$1,198

Monthly ChangeMonth Over Month Change

0.9% ($11)

Yearly ChangeYear Over Year Change

17.3% ($251)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,080	1% ($11)	22.3% ($197)
2 Beds	$1,329	2.9% ($39)	10.8% ($129)
3 Beds	$1,613	14.9% ($282)	8.1% ($143)

Nearby Cities	Average Rent	Avg. Rent vs. LebanonAverage Rent vs. Lebanon	Avg. Days on MarketAverage Days on Market
Whitestown	$1,917	60% ($719)	29 days
Zionsville	$1,948	62.6% ($750)	30 days
Brownsburg	$1,251	4.4% ($53)	35 days
Westfield	$1,660	38.6% ($462)	32 days
Carmel	$2,047	70.9% ($849)	28 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Lebanon Rental Market FAQs

Explore rental prices, market trends, and availability in Lebanon, IN.

What is the average rent in Lebanon, IN?

The average rent in Lebanon, IN is $1,198 per month.

What is the rental price range for apartments in Lebanon, IN?

Apartments in Lebanon typically rent for between $756 and $2,097 per month, with an average of $1,198 per month.

What is the average rent for different bedroom sizes in Lebanon, IN?

In Lebanon, the average rent for a 1-bedroom apartment is $1,080 per month, for a 2-bedroom apartment, $1,329 per month, and a 3-bedroom apartment is $1,613 per month.

How do rent prices in Lebanon, IN compare with the national average?

The average rent in Lebanon is 32.5% ($577) lower than the national average of $1,775 per month.

How have rent prices in Lebanon, IN changed recently?

The average rent in Lebanon has decreased by 0.9% ($11) in the last month and decreased by 17.3% ($251) over the past year.

How competitive is the rental market in Lebanon, IN?

The rental market in Lebanon, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Lebanon, IN?

In Lebanon, IN, the average rental stays on the market for approximately 33 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Lebanon, IN?

There are currently 10 rental properties available in Lebanon, IN.

Can I afford to rent an apartment in Lebanon, IN?

Based on the current averages, a household would need an annual income of $53,160 to comfortably afford a 2-bedroom apartment in Lebanon.