City Report · MA

Fall River

Pop. 94,082·97th most expensive in Massachusetts·Rental market data updated monthly for Fall River, MA
Median rent (all units)
$1,888/mo
Year-over-Year
+2.4%
Month-over-Month
Stable
vs US Median
-$44
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
Fall River · $1,888
More expensive than 53% of US cities · National median $1,932/mo
Rent Reality Score
72/100
Good value
OverheatedFairGreat value

Rents are 11% below what Fall River's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,888/mo
Expected by trend
$2,116/mo
The Rent Reality Score compares today's median rent to where Fall River's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,170
1 BR
$1,260
2 BR
$1,530
3 BR
$1,850
4 BR+
$2,290
Fair Market Rent (HUD)
$1,530/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,888 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in Fall River usually run 0.6% below trend in December and 0.9% above it in August, about $28 a month apart at today's median. Based on 9 years of data.

Compared with the peak

Rent in Fall River is 0.1% below its high of $1,889 in August 2026, at $1,888 as of September 2026.

Past year vs. the rest of Massachusetts

Rent in Fall River changed +2.4% over the year to September 2026. Across the 89 Massachusetts cities Zillow tracks, the typical change was +2.8%.

Rent vs. income since 2019

From 2019 to 2024, rent in Fall River rose 66.2% while median household income rose 30.3% ($43,503 to $56,673). Rent outpaced income.

Since before the pandemic

Rent in Fall River is 66.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($56,673) is $1,417 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,260); a 2-bedroom is $1,530.

Spread across ZIP codes

The priciest of 3 ZIP codes in Fall River, 02720 ($1,950/mo), costs 10% more than the cheapest, 02723 ($1,778/mo).

Cheaper nearby

Central Falls, RI, 19 miles away, rents for 18% less ($1,547/mo), about $4,100 a year in savings.

From Zillow's monthly rent index (ZORI) for Fall River. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$22,656/yr
At $1,888/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.4% YoY, -0.1% MoM), not inventory.
Rent check

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Demographics

Who lives here

Fall River, MA is majority renter-occupied, has a median income below the national average, 16.4% of residents hold a bachelor's degree or higher.

Population
94,082
Median income
$56,673
Median age
39.3
Renters
64.7%
Age distribution
19.9%
23.9%
26.7%
13.4%
16.1%
Under 1819.9%
18–3423.9%
35–5426.7%
55–6413.4%
65+16.1%
Gender
48.3%
51.7%
Male48.3%
Female51.7%
Race & ethnicity
69.9%
13.5%
White69.9%
Black6.4%
Hispanic13.5%
Asian2.7%
Other7.4%
Education (25+)
23.5%
34.7%
25.3%
16.4%
No HS diploma23.5%
HS diploma34.7%
Some college25.3%
Bachelor's+16.4%
Housing tenure
35.3%
64.7%
Owner35.3%
Renter64.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Fall River, MA has changed in 5 years

Rent
$1,244 → $1,888
up 51.8%
Income
$49,613 → $56,673
up 14.2%
Population
93,339 → 94,082
up 0.8%
Renter share
63.7% → 64.7%
+1.0 pts
Bachelor's+
15.7% → 16.4%
+0.7 pts

Rent in Fall River, MA has increased 51.8% since 2021, going from about $1,244 per month to roughly $1,888 today. Household income in the area moved from $49,613 to $56,673 across the same window, up 14.2% versus 2021. Rent outpaced income growth by roughly 37.6 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Reading these numbers side by side helps frame whether current listings in Fall River, MA look reasonable against where the market sat half a decade ago.

Community

Discussions about Fall River

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View Fall River rent history (2015–2026) →
Salary vs rent

Can you afford rent in Fall River on your salary?

At $1,888/mo, how Fall River rent compares to typical pay (30% rule).

By apartment size

Fall River rent by bedroom count

Median rent for each apartment size in Fall River. Click any size for full breakdown.

Local insights

Tips for renters in Fall River

About renting in Fall River, MA

Last updated: October 17, 2026

The median rent in Fall River is $1,888/mo as of October 2026. A studio apartment averages $1,170/mo while a 2-bedroom runs $1,530/mo. One-bedroom apartments average $1,260/mo and 3-bedroom units go for $1,850/mo.

At 40% of local median household income ($56,673/yr), Fall River ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in Fall River?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (about $37/hour full-time) to afford the median rent of $1,888/mo in Fall River. The local median household income is $56,673/yr, so the typical household falls short of that bar.

Is rent going up or down in Fall River?

Rent in Fall River has risen 2.4% over the past year as of September 2026. It sits 0.1% below its high of $1,889 in August 2026.

When is the cheapest time to rent in Fall River?

Asking rents in Fall River are usually lowest in December, about 0.6% below their yearly trend, and highest in August, about 0.9% above it. At today's median that is a gap of roughly $28 a month. This pattern comes from 9 years of Zillow rent data.

Has rent outpaced income in Fall River?

Yes. From 2019 to 2024, rent in Fall River rose 66.2% while median household income rose 30.3%, from $43,503 to $56,673. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

Which Fall River neighborhoods have the lowest rent?

The most affordable ZIP codes in Fall River are 02723 ($1,778/mo), 02721 ($1,842/mo), and 02720 ($1,950/mo). Citywide, the median rent is $1,888/mo.

How does Fall River rent compare to other cities in Massachusetts?

Fall River is one of the more affordable among Massachusetts cities for rent, ranking #97 of 107 tracked cities at $1,888/mo. Over the year to September 2026, rent in Fall River changed +2.4%, against a typical +2.8% across the 89 Massachusetts cities Zillow tracks.

Which nearby cities are cheaper to rent in than Fall River?

Nearby cities with lower median rent than Fall River ($1,888/mo) include New Bedford ($1,811/mo).
Income Affordability
40%
MODERATE

At $1,888/mo, rent takes ~40% of Fall River's median household income ($56,673/yr). The standard benchmark is 30%.

Fall River 40%Benchmark 30%
State income tax5%
Run the Fall River affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Fall River, MA

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