Rents are right about where Fernley's 10-year trend predicts.
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 $2,028 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
February. Asking rents in Fernley usually run 1.1% below trend in February and 1% above it in July, about $43 a month apart at today's median. Based on 5 years of data.
Rent in Fernley is 0% below its high of $2,028 in July 2026, at $2,028 as of September 2026.
Rent in Fernley changed +5.7% over the year to September 2026. Across the 14 Nevada cities Zillow tracks, the typical change was +4.9%.
Rent rose in 10 of the last 12 months.
30% of the median household income ($89,517) is $2,238 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,030); a 4-bedroom is $2,430.
From Zillow's monthly rent index (ZORI) for Fernley. 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.
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Who lives here
Fernley, NV is majority owner-occupied, has a median income above the national average, 16.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Fernley, NV has changed in 5 years
Rent in Fernley, NV has climbed 31.3% since 2021, going from about $1,545 per month to roughly $2,028 today. On the earnings side, the typical household in Fernley, NV now reports about $89,517, up from $77,701 in 2021. Rent outpaced income growth by roughly 16.1 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 22,343 to 24,225 between 2021 and 2024, a 8.4% change. About 28% of households rent today, against 24.6% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Fernley, NV reflects that arc in its own way.
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Can you afford rent in Fernley on your salary?
At $2,028/mo, how Fernley rent compares to typical pay (30% rule).
Fernley rent by bedroom count
Median rent for each apartment size in Fernley. Click any size for full breakdown.
Tips for renters in Fernley
Last updated: October 17, 2026
The median rent in Fernley is $2,028/mo as of October 2026. A studio apartment averages $1,230/mo while a 2-bedroom runs $1,450/mo. One-bedroom apartments average $1,240/mo and 3-bedroom units go for $2,030/mo.
At 27% of local median household income ($89,517/yr), Fernley ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.7% over the past year.
Frequently asked questions
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Is rent going up or down in Fernley?
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How does Fernley rent compare to other cities in Nevada?
Which nearby cities are cheaper to rent in than Fernley?
At $2,028/mo, rent takes ~27% of Fernley's median household income ($89,517/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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