Lebanon, Tennessee Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Lebanon, Tennessee rental market.
Lebanon, Tennessee
Average Apartment Rent
$1,582
Y-o-Y Change in Average
Apartment Rent
0.5%
As of May 2026
Compared to a year ago, Lebanon, Tennessee apartments have recorded a 0.5% rent increase.
Lebanon, Tennessee Average apartment rent trend
Lebanon, Tennessee Average Apartment Rent
Lebanon, Tennessee Apartment rent ranges
At 51.59%, apartments priced $1,000 - $1,500 represent the bulk of Lebanon, Tennessee rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 0.34%.
Lebanon, Tennessee Housing tenure**
Renters take up 41% of Lebanon, Tennessee real estate, occupying a total of 6,110 units, while homeowners live in 8,904 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$42,613
Average household size of renter-occupied housing units**
2.42
Rental vacancy rate**
6%
Lebanon, Tennessee Renter-occupied housing units by no. of bedrooms**
There are 3,103 rentals in Lebanon, Tennessee with 2 beds making up the highest share of the market, at 51%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 36 units. Overall, the median number of rooms in Lebanon, Tennessee homes for rent is 4.2.
Lebanon, Tennessee Renter-occupied units by age of householder**
Most condos for rent in Lebanon, Tennessee are occupied by residents in the 25 - 34 years age group (31%), followed by those in the 45 - 54 years age group (16%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Lebanon, Tennessee Renter-occupied housing units by family type**
Lebanon, Tennessee Renter-occupied housing units by the presence of own children**
A total of 3,130 apartments for rent in Lebanon, Tennessee, or 51% of all rentals are family households. Additionally, 34% of rental homes include children under the age of 18 – that’s 2,092 units. All in all, the median size of a renter-occupied household in Lebanon, Tennessee is 2.42.
Lebanon, Tennessee Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 17% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Lebanon, Tennessee.
Lebanon, Tennessee Renter-occupied units by year structure built**
The highest share of Lebanon, Tennessee apartment rentals, namely 25% or 1,530 units, were Built 2010 - 2019, followed by those Built 2000 - 2009 (16%, 973 units), and the ones Built 1960 - 1969 (12%, 757 units).
Lebanon, Tennessee Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Lebanon, Tennessee renters (46%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Lebanon, Tennessee condos for rent is 2018.
Lebanon, Tennessee Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of Lebanon, Tennessee renters have 1 vehicle available per household, 30% of them have 2 vehicles available, and 11% have No vehicle available.
Lebanon, Tennessee Means of transportation to work of householders living in renter-occupied housing units**
Lebanon, Tennessee Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lebanon, Tennessee apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
