At $1,621/mo, rent takes about 27% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,621 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 →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Fallon changed +19.3% over the year to September 2026. Across the 14 Nevada cities Zillow tracks, the typical change was +4.9%.
Rent rose in 8 of the last 12 months.
30% of the median household income ($73,389) is $1,835 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,820); a 4-bedroom is $2,110.
From Zillow's monthly rent index (ZORI) for Fallon. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Is your rent fair?
Compare your rent to the local median.
Who lives here
Fallon, NV is roughly split between renters and owners, 16.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Fallon, NV has changed in 5 years
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.
Discussions about Fallon
No discussions yet. Start the conversation.
Can you afford rent in Fallon on your salary?
At $1,621/mo, how Fallon rent compares to typical pay (30% rule).
Fallon rent by bedroom count
Median rent for each apartment size in Fallon. Click any size for full breakdown.
Tips for renters in Fallon
Last updated: October 17, 2026
The median rent in Fallon is $1,621/mo as of October 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 27% of local median household income ($73,389/yr), Fallon ranks as affordable compared to the national benchmark of 30%. Rents have increased 19.3% over the past year.
Frequently asked questions
How much income do you need to rent in Fallon?
Is rent going up or down in Fallon?
How does Fallon rent compare to other cities in Nevada?
At $1,621/mo, rent takes ~27% of Fallon's median household income ($73,389/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Fallon.
No discussions yet.