Rent Tracker
Rent Inflation in Lebanon, PA
The average asking rent in Lebanon, PA is $1,450/month as of 2026-08. That is +1.8% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,450/mo
as of 2026-08
Year-over-Year Change
+1.8%
24-Month Rent Trend
Monthly ZORI index values for Lebanon, PA.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,450 | +1.47% |
| 2026-07 | $1,429 | -0.21% |
| 2026-06 | $1,432 | -0.21% |
| 2026-05 | $1,435 | +0.99% |
| 2026-04 | $1,421 | +0.50% |
| 2026-03 | $1,414 | +1.14% |
| 2026-02 | $1,398 | -0.57% |
| 2026-01 | $1,406 | -1.26% |
| 2025-12 | $1,424 | -0.63% |
| 2025-11 | $1,433 | -0.42% |
| 2025-10 | $1,439 | +1.34% |
| 2025-09 | $1,420 | -0.28% |
| 2025-08 | $1,424 | +0.56% |
| 2025-07 | $1,416 | +1.14% |
| 2025-06 | $1,400 | +0.43% |
| 2025-05 | $1,394 | +0.43% |
| 2025-04 | $1,388 | -0.22% |
| 2025-03 | $1,391 | +1.24% |
| 2025-02 | $1,374 | +0.00% |
| 2025-01 | $1,374 | -1.22% |
| 2024-12 | $1,391 | -0.07% |
| 2024-11 | $1,392 | +0.65% |
| 2024-10 | $1,383 | +3.21% |
| 2024-09 | $1,340 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
Compare All Cities
Open Full Rent Tracker →Other Cities
Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices