City Report · NY

Wappingers Falls

Pop. 5,761·61st most expensive in New York·Rental market data updated monthly for Wappingers Falls, NY
Median rent (all units)
$2,398/mo
Year-over-Year
-0.4%
Month-over-Month
-2.9%
vs US Median
+$433
Falling (Monthly)
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Most AffordableMost Expensive
Wappingers Falls · $2,398
More expensive than 76% of US cities · National median $1,965/mo
Rent Reality Score
62/100
Good value
OverheatedFairGreat value

Rents are 6% below what Wappingers Falls's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$2,398/mo
Expected by trend
$2,552/mo
The Rent Reality Score compares today's median rent to where Wappingers Falls's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,410
1 BR
$1,600
2 BR
$2,050
3 BR
$2,610
4 BR+
$2,830
Research median
$2,050/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
$28,776/yr
At $2,398/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.4% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-0.4% YoY, -2.9% MoM), not inventory.
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Demographics

Who lives here

Wappingers Falls, NY is majority renter-occupied, has a large retiree population, has a median income below the national average, 23.3% of residents hold a bachelor's degree or higher.

Population
5,761
Median income
$65,040
Median age
49.8
Renters
68.8%
Age distribution
16.5%
19.7%
25%
13.1%
25.6%
Under 1816.5%
18–3419.7%
35–5425%
55–6413.1%
65+25.6%
Gender
45.8%
54.2%
Male45.8%
Female54.2%
Race & ethnicity
59.1%
31.2%
White59.1%
Black9.9%
Hispanic31.2%
Asian2.7%
Education (25+)
20.1%
30.8%
25.9%
23.3%
No HS diploma20.1%
HS diploma30.8%
Some college25.9%
Bachelor's+23.3%
Housing tenure
31.2%
68.8%
Owner31.2%
Renter68.8%

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

2023 vs 2026

How Wappingers Falls, NY has changed in 5 years

Rent
$2,127 → $2,398
up 12.7%
Income
$59,607 → $65,040
up 9.1%
Population
6,074 → 5,761
down 5.2%
Renter share
66.4% → 68.8%
+2.4 pts
Bachelor's+
19.8% → 23.3%
+3.5 pts
Median age
42.2 → 49.8
+7.6 yrs

Rent in Wappingers Falls, NY has climbed 12.7% since 2023, going from about $2,127 per month to roughly $2,398 today. Local incomes tracked alongside that move, going from a median of $59,607 in 2021 to $65,040 more recently. Rent outpaced income growth by roughly 3.6 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 6,074 to 5,761 between 2021 and 2024, a 5.2% change. About 68.8% of households rent today, against 66.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 19.8% to 23.3%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Wappingers Falls, NY market of 2023.

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View Wappingers Falls rent history (2015–2026) →
Salary vs rent

Can you afford rent in Wappingers Falls on your salary?

At $2,398/mo, how Wappingers Falls rent compares to typical pay (30% rule).

By apartment size

Wappingers Falls rent by bedroom count

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

Local insights

Tips for renters in Wappingers Falls

About renting in Wappingers Falls, NY

Last updated: July 20, 2026

The median rent in Wappingers Falls is $2,398/mo as of July 2026. A studio apartment averages $1,410/mo while a 2-bedroom runs $2,050/mo. One-bedroom apartments average $1,600/mo and 3-bedroom units go for $2,610/mo.

At 44% of local median household income ($65,040/yr), Wappingers Falls ranks as moderate compared to the national benchmark of 30%. Rents have decreased 0.4% over the past year.

FAQ

Frequently asked questions

Is Wappingers Falls an affordable city for renters?

Wappingers Falls is considered stretched for renters. At $2,398/mo, rent takes approximately 44% of the local median household income ($65,040/yr). The standard benchmark is 30%. Wappingers Falls significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Wappingers Falls?

To keep rent at or below 30% of gross income, you would need to earn at least $96,000/year (~$46/hour full-time) to afford the median rent of $2,398/mo in Wappingers Falls. The local median household income is $65,040/yr, meaning the typical Wappingers Falls household falls short of that threshold.

Is rent going up or down in Wappingers Falls?

Rent in Wappingers Falls has been relatively stable over the past year, with a 0.4% change year over year as of July 2026.

How does Wappingers Falls rent compare to other cities in New York?

Wappingers Falls is middle-of-the-pack for New York for rent, ranking #61 out of 126 tracked cities at $2,398/mo.

Which nearby cities are cheaper to rent in than Wappingers Falls?

Several nearby cities have lower median rents than Wappingers Falls ($2,398/mo): Poughkeepsie ($1,865/mo), Newburgh ($1,925/mo).

What percentage of Wappingers Falls residents rent vs. own?

According to Census data, approximately 68.8% of Wappingers Falls households are renters, while 31.2% are owner-occupied. With a majority renter population, Wappingers Falls has a strong rental market.

How does Wappingers Falls rent compare to the national average?

Wappingers Falls's median rent of $2,398/mo is $433 (22%) above the US national median of $1,965/mo. Within New York, it ranks #61 out of 126 tracked cities.
Income Affordability
44%
STRETCHED

At $2,398/mo, rent takes ~44% of Wappingers Falls's median household income ($65,040/yr). The standard benchmark is 30%.

Wappingers Falls 44%Benchmark 30%
State income tax4–10.9%
Run the Wappingers Falls affordability calculator →
Lowest-rent ZIP codes in Wappingers Falls
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Wappingers Falls, NY

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