Rents are 2% above what Wappingers Falls's 10-year trend predicts — running hotter than its own history.
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 $2,787 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 Wappingers Falls is 0% below its high of $2,787 in August 2026, at $2,787 as of September 2026.
Rent in Wappingers Falls changed +9.2% over the year to September 2026. Across the 82 New York cities Zillow tracks, the typical change was +5.3%.
30% of the median household income ($65,040) is $1,626 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,600); a 2-bedroom is $2,050.
Poughkeepsie, 7 miles away, rents for 33% less ($1,865/mo), about $11,100 a year in savings.
From Zillow's monthly rent index (ZORI) for Wappingers Falls. 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
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Wappingers Falls, NY has changed in 5 years
Rent in Wappingers Falls, NY has climbed 19.3% since 2023, going from about $2,336 per month to roughly $2,787 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 10.2 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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At $2,787/mo, how Wappingers Falls rent compares to typical pay (30% rule).
Wappingers Falls rent by bedroom count
Median rent for each apartment size in Wappingers Falls. Click any size for full breakdown.
Tips for renters in Wappingers Falls
Last updated: October 17, 2026
The median rent in Wappingers Falls is $2,787/mo as of October 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 51% of local median household income ($65,040/yr), Wappingers Falls ranks as expensive compared to the national benchmark of 30%. Rents have increased 9.2% over the past year.
Frequently asked questions
How much income do you need to rent in Wappingers Falls?
Is rent going up or down in Wappingers Falls?
How does Wappingers Falls rent compare to other cities in New York?
Which nearby cities are cheaper to rent in than Wappingers Falls?
At $2,787/mo, rent takes ~51% of Wappingers Falls's median household income ($65,040/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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