Lebanon, PA Rental Market Trends
Highlights
The average rent for an apartment in Lebanon is $1,101, a 6% increase compared to the previous year, when the average rent was $1,042.
Average Rent in Lebanon, PA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,101 | 6% | 962 sq. ft. |
The average size for a Lebanon, PA apartment is 962 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Lebanon, PA Apartment Rent Ranges
- $701-$1,00030%
- $1,001-$1,50063%
- $1,501-$2,0007%
Lebanon, PA Occupied Housing Units
- Renter-occupied Households39%
- Owner-occupied Households60%
3,922 or 39% of the households in Lebanon, PA are renter-occupied while 6,021 or 60% are owner-occupied.
Lebanon, PA Rent Trends
| Average Rent | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Jan / 2021 |
|---|---|---|---|---|---|---|
| Lebanon, PA | $1,010 | $1,039 | $1,042 | $1,047 | $1,071 | $1,101 |
| National | $1,432 | $1,468 | $1,475 | $1,477 | $1,464 | $1,462 |
How Lebanon Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Philadelphia | $1,660 | n/a |
| Pittsburgh | $1,241 | -1% |
| Lehigh Valley | $1,286 | 4% |
| Allentown | $1,229 | 8% |
| Bethlehem | $1,417 | 4% |
| Lebanon | $1,101 | 6% |
| Elizabethtown | $1,108 | 4% |
| Hershey | $1,237 | 6% |
| Lititz | $1,246 | 6% |
| Mount Joy | $1,253 | 4% |
| Palmyra | $1,421 | 1% |
For more information about the Lebanon rental trends, check out our monthly rent report
Check out Pennsylvania Cities, Pennsylvania Neighborhoods and Pennsylvania Zip Codes for more details on verified listings, including the Pennsylvania Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!