City Report · MO

Fulton

Pop. 12,617·68th most expensive in Missouri·One of the most affordable rental markets in the US
Median rent (all units)
$1,082/mo
Year-over-Year
Stable
Month-over-Month
-2.4%
vs US Median
-$883
Falling (Monthly)
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Most AffordableMost Expensive
Fulton · $1,082
More affordable than 96% of US cities · National median $1,965/mo
Affordability
25% of income
AFFORDABLE
0%30% benchmark60%+

At $1,082/mo, rent takes about 25% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$43,000/yr
Local median income
$51,429/yr
Based on the 30%-of-income rule using Fulton's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$730
1 BR
$730
2 BR
$960
3 BR
$1,160
4 BR+
$1,370
Research median
$960/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$12,984/yr
At $1,082/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.0% YoY, -2.4% MoM), not inventory.
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Demographics

Who lives here

Fulton, MO is roughly split between renters and owners, skews toward younger working-age adults, has a median income below the national average, 21.7% of residents hold a bachelor's degree or higher.

Population
12,617
Median income
$51,429
Median age
34.9
Renters
51.8%
Age distribution
18.2%
31.9%
25.1%
15%
Under 1818.2%
18–3431.9%
35–5425.1%
55–649.8%
65+15%
Gender
54.7%
45.3%
Male54.7%
Female45.3%
Race & ethnicity
84%
White84%
Black8.3%
Hispanic1.9%
Other5.4%
Education (25+)
14.9%
35.2%
28.2%
21.7%
No HS diploma14.9%
HS diploma35.2%
Some college28.2%
Bachelor's+21.7%
Housing tenure
48.2%
51.8%
Owner48.2%
Renter51.8%

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

2021 vs 2026

How Fulton, MO has changed in 5 years

Income
$51,855 → $51,429
down 0.8%
Population
12,691 → 12,617
down 0.6%
Renter share
49.6% → 51.8%
+2.2 pts
Bachelor's+
22% → 21.7%
-0.3 pts
Median age
34.3 → 34.9
+0.6 yrs

Local incomes tracked alongside that move, going from a median of $51,855 in 2021 to $51,429 more recently. The renter share has risen from 49.6% to 51.8%, with owner-occupied housing accounting for the remainder.

Community

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View Fulton rent history (2015–2026) →
Salary vs rent

Can you afford rent in Fulton on your salary?

At $1,082/mo, how Fulton rent compares to typical pay (30% rule).

By apartment size

Fulton rent by bedroom count

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

Local insights

Tips for renters in Fulton

About renting in Fulton, MO

Last updated: July 20, 2026

The median rent in Fulton is $1,082/mo as of July 2026. A studio apartment averages $730/mo while a 2-bedroom runs $960/mo. One-bedroom apartments average $730/mo and 3-bedroom units go for $1,160/mo.

At 25% of local median household income ($51,429/yr), Fulton ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Fulton an affordable city for renters?

Fulton is considered affordable for renters. At $1,082/mo, rent takes approximately 25% of the local median household income ($51,429/yr). The standard benchmark is 30%. Fulton falls comfortably within that range.

How much income do you need to rent in Fulton?

To keep rent at or below 30% of gross income, you would need to earn at least $43,000/year (~$21/hour full-time) to afford the median rent of $1,082/mo in Fulton. The local median household income is $51,429/yr, meaning the typical Fulton household meets that threshold.

Is rent going up or down in Fulton?

Rent in Fulton has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Fulton rent compare to other cities in Missouri?

Fulton is one of the more affordable cities in Missouri for rent, ranking #68 out of 74 tracked cities at $1,082/mo.

Which nearby cities are cheaper to rent in than Fulton?

Several nearby cities have lower median rents than Fulton ($1,082/mo): Rolla ($828/mo), Boonville ($863/mo).

What percentage of Fulton residents rent vs. own?

According to Census data, approximately 51.8% of Fulton households are renters, while 48.2% are owner-occupied. With a majority renter population, Fulton has a strong rental market.

How does Fulton rent compare to the national average?

Fulton's median rent of $1,082/mo is $883 (45%) below the US national median of $1,965/mo. Within Missouri, it ranks #68 out of 74 tracked cities.
Income Affordability
25%
AFFORDABLE

At $1,082/mo, rent takes ~25% of Fulton's median household income ($51,429/yr). The standard benchmark is 30%.

Fulton 25%Benchmark 30%
State income tax2–4.7%
Run the Fulton affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Fulton, MO

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