How much does it cost to rent in Fallon, NV?

As of June 2026, the median monthly rent in Fallon, NV is $1,716. This figure is based on aggregated data from public sources and community-submitted rents.

Is Fallon cheaper than other Nevada cities?

Fallon falls in the middle range for Nevada, ranking #11 out of 17 cities at $1,716/mo.

When was Fallon rent data last updated?

Fallon rent data reflects June 2026 and was last refreshed on June 22, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · NV

Fallon

Name: Average Rent Prices in Fallon, NV
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 9,463·11th most expensive in Nevada·Fallon rents are up 43.8% over the past year

Median rent (all units)

$1,716/mo

Year-over-Year

+43.8%

Month-over-Month

+13.1%

vs US Median

-$249

Rising (Monthly)

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Most AffordableMost Expensive

Fallon · $1,716

More affordable than 60% of US cities · National median $1,965/mo

Affordability

28% of income

AFFORDABLE

0%30% benchmark60%+

At $1,716/mo, rent takes about 28% of the local median household income, comfortably within the 30% benchmark.

Income to afford

$69,000/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

Research median

$1,300/mo

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

Rent trends

12-month history

Loading…

Last updated: June 22, 2026

Annual cost

$20,592/yr

At $1,716/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 43.8% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+43.8% YoY, +13.1% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

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 $1,716/mo, how Fallon rent compares to typical pay (30% rule).

Registered Nurse

Avg $91,646/yr · Rent = 22.5% income

affordable

Elementary School Teacher

Avg $65,068/yr · Rent = 31.6% income

stretched

Police Officer

Avg $74,952/yr · Rent = 27.5% income

affordable

Software Developer

Avg $133,967/yr · Rent = 15.4% income

very comfortable

Lawyer

Avg $171,176/yr · Rent = 12% income

very comfortable

Firefighter

Avg $60,926/yr · Rent = 33.8% income

stretched

Truck Driver

Avg $55,009/yr · Rent = 37.4% income

stretched

Electrician

Avg $67,803/yr · Rent = 30.4% income

stretched

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: June 22, 2026

The median rent in Fallon is $1,716/mo as of June 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 43.8% over the past year.

FAQ

Frequently asked questions

Is Fallon an affordable city for renters?

Fallon is considered affordable for renters. At $1,716/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 $69,000/year (~$33/hour full-time) to afford the median rent of $1,716/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 43.8% over the past year as of June 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 $1,716/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.