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City Report · NV

Fallon

Pop. 9,463·11th most expensive in Nevada·Fallon rents are up 41.9% over the past year
Median rent (all units)
$1,738/mo
Year-over-Year
+41.9%
Month-over-Month
+1.3%
vs US Median
-$224
Rising (Monthly)
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Most AffordableMost Expensive
Fallon · $1,738
More affordable than 58% of US cities · National median $1,962/mo
Affordability
28% of income
AFFORDABLE
0%30% benchmark60%+

At $1,738/mo, rent takes about 28% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$70,000/yr
Local median income
$73,389/yr
Based on the 30%-of-income rule using Fallon's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$950
1 BR
$990
2 BR
$1,300
3 BR
$1,820
4 BR+
$2,110
Fair Market Rent (HUD)
$1,300/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,738 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: August 17, 2026

Annual cost
$20,856/yr
At $1,738/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 41.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+41.9% YoY, +1.3% MoM), not inventory.
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Demographics

Who lives here

Fallon, NV is roughly split between renters and owners, 16.9% of residents hold a bachelor's degree or higher.

Population
9,463
Median income
$73,389
Median age
35.5
Renters
49.3%
Age distribution
24.2%
25%
21.3%
12.6%
16.9%
Under 1824.2%
18–3425%
35–5421.3%
55–6412.6%
65+16.9%
Gender
51.1%
48.9%
Male51.1%
Female48.9%
Race & ethnicity
71.6%
16.6%
White71.6%
Black3.5%
Hispanic16.6%
Asian3.5%
Other4.7%
Education (25+)
34.7%
41.3%
16.9%
No HS diploma7.1%
HS diploma34.7%
Some college41.3%
Bachelor's+16.9%
Housing tenure
50.7%
49.3%
Owner50.7%
Renter49.3%

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

2021 vs 2026

How Fallon, NV has changed in 5 years

Income
$49,785 → $73,389
up 47.4%
Population
9,068 → 9,463
up 4.4%
Renter share
55.8% → 49.3%
-6.5 pts
Bachelor's+
16.6% → 16.9%
+0.3 pts
Median age
33 → 35.5
+2.5 yrs

Census figures show median household income at $73,389 today, compared with $49,785 five years earlier. Census counts show Fallon, NV adding about 395 residents over the five-year window, up 4.4% on net. The renter share has eased from 55.8% to 49.3%, with owner-occupied housing accounting for the remainder.

Community

Discussions about Fallon

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

Can you afford rent in Fallon on your salary?

At $1,738/mo, how Fallon rent compares to typical pay (30% rule).

By apartment size

Fallon rent by bedroom count

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

Local insights

Tips for renters in Fallon

About renting in Fallon, NV

Last updated: August 17, 2026

The median rent in Fallon is $1,738/mo as of August 2026. A studio apartment averages $950/mo while a 2-bedroom runs $1,300/mo. One-bedroom apartments average $990/mo and 3-bedroom units go for $1,820/mo.

At 28% of local median household income ($73,389/yr), Fallon ranks as affordable compared to the national benchmark of 30%. Rents have increased 41.9% over the past year.

FAQ

Frequently asked questions

Is Fallon an affordable city for renters?

Fallon is considered affordable for renters. At $1,738/mo, rent takes approximately 28% of the local median household income ($73,389/yr). The standard benchmark is 30%. Fallon falls comfortably within that range.

How much income do you need to rent in Fallon?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (~$34/hour full-time) to afford the median rent of $1,738/mo in Fallon. The local median household income is $73,389/yr, meaning the typical Fallon household meets that threshold.

Is rent going up or down in Fallon?

Rent in Fallon has increased 41.9% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Fallon rent compare to other cities in Nevada?

Fallon is middle-of-the-pack for Nevada for rent, ranking #11 out of 17 tracked cities at $1,738/mo.

What percentage of Fallon residents rent vs. own?

According to Census data, approximately 49.3% of Fallon households are renters, while 50.7% are owner-occupied. Fallon leans toward homeownership, which can mean a smaller rental inventory.

How does Fallon rent compare to the national average?

Fallon's median rent of $1,738/mo is $224 (11%) below the US national median of $1,962/mo. Within Nevada, it ranks #11 out of 17 tracked cities.
Income Affordability
28%
AFFORDABLE

At $1,738/mo, rent takes ~28% of Fallon's median household income ($73,389/yr). The standard benchmark is 30%.

Fallon 28%Benchmark 30%
State income taxNone
Run the Fallon affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Fallon, NV

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