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City Report · OR

Klamath Falls

Pop. 22,115·63rd most expensive in Oregon·Klamath Falls rents are up 10.0% over the past year
Median rent (all units)
$1,297/mo
Year-over-Year
+10.0%
Month-over-Month
+3.2%
vs US Median
-$665
Rising (Monthly)
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Most AffordableMost Expensive
Klamath Falls · $1,297
More affordable than 88% of US cities · National median $1,962/mo
Affordability
33% of income
MODERATE
0%30% benchmark60%+

At $1,297/mo, rent takes about 33% of the local median household income, slightly above the 30% benchmark.

Income to afford
$52,000/yr
Local median income
$46,693/yr
Based on the 30%-of-income rule using Klamath Falls's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$770
1 BR
$850
2 BR
$1,120
3 BR
$1,570
4 BR+
$1,880
Fair Market Rent (HUD)
$1,120/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,297 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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$15,564/yr
At $1,297/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 10.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+10.0% YoY, +3.2% MoM), not inventory.
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Demographics

Who lives here

Klamath Falls, OR is roughly split between renters and owners, has a median income below the national average, 24% of residents hold a bachelor's degree or higher.

Population
22,115
Median income
$46,693
Median age
35.2
Renters
51.1%
Age distribution
22.1%
27.6%
24%
14.8%
Under 1822.1%
18–3427.6%
35–5424%
55–6411.5%
65+14.8%
Gender
48.9%
51.1%
Male48.9%
Female51.1%
Race & ethnicity
75%
15%
White75%
Black0.8%
Hispanic15%
Asian1.5%
Other7.8%
Education (25+)
29.1%
36.4%
24%
No HS diploma10.5%
HS diploma29.1%
Some college36.4%
Bachelor's+24%
Housing tenure
48.9%
51.1%
Owner48.9%
Renter51.1%

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

2023 vs 2026

How Klamath Falls, OR has changed in 5 years

Rent
$1,163 → $1,297
up 11.5%
Income
$42,047 → $46,693
up 11.0%
Population
21,710 → 22,115
up 1.9%
Renter share
54.7% → 51.1%
-3.6 pts
Bachelor's+
22.9% → 24%
+1.1 pts
Median age
35.8 → 35.2
-0.6 yrs

Rent in Klamath Falls, OR has increased 11.5% since 2023, going from about $1,163 per month to roughly $1,297 today. On the earnings side, the typical household in Klamath Falls, OR now reports about $46,693, up from $42,047 in 2021. Headcount in the area went from 21,710 to 22,115 between 2021 and 2024, a 1.9% change. About 51.1% of households rent today, against 54.7% in 2021. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and Klamath Falls, OR reflects that arc in its own way.

Community

Discussions about Klamath Falls

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

Can you afford rent in Klamath Falls on your salary?

At $1,297/mo, how Klamath Falls rent compares to typical pay (30% rule).

By apartment size

Klamath Falls rent by bedroom count

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

Local insights

Tips for renters in Klamath Falls

About renting in Klamath Falls, OR

Last updated: August 17, 2026

The median rent in Klamath Falls is $1,297/mo as of August 2026. A studio apartment averages $770/mo while a 2-bedroom runs $1,120/mo. One-bedroom apartments average $850/mo and 3-bedroom units go for $1,570/mo.

At 33% of local median household income ($46,693/yr), Klamath Falls ranks as moderate compared to the national benchmark of 30%. Rents have increased 10.0% over the past year.

FAQ

Frequently asked questions

Is Klamath Falls an affordable city for renters?

Klamath Falls is considered moderate for renters. At $1,297/mo, rent takes approximately 33% of the local median household income ($46,693/yr). The standard benchmark is 30%. Klamath Falls slightly exceeds that threshold, so budgeting carefully matters here.

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

To keep rent at or below 30% of gross income, you would need to earn at least $52,000/year (~$25/hour full-time) to afford the median rent of $1,297/mo in Klamath Falls. The local median household income is $46,693/yr, meaning the typical Klamath Falls household falls short of that threshold.

Is rent going up or down in Klamath Falls?

Rent in Klamath Falls has increased 10.0% over the past year as of August 2026, putting upward pressure on renter budgets.

Which Klamath Falls neighborhoods have the lowest rent?

The most affordable ZIP codes in Klamath Falls are 97601 ($1,283/mo), and 97603 ($1,333/mo). Citywide, the median rent in Klamath Falls is $1,297/mo.

How does Klamath Falls rent compare to other cities in Oregon?

Klamath Falls is one of the more affordable cities in Oregon for rent, ranking #63 out of 64 tracked cities at $1,297/mo.

What percentage of Klamath Falls residents rent vs. own?

According to Census data, approximately 51.1% of Klamath Falls households are renters, while 48.9% are owner-occupied. With a majority renter population, Klamath Falls has a strong rental market.

How does Klamath Falls rent compare to the national average?

Klamath Falls's median rent of $1,297/mo is $665 (34%) below the US national median of $1,962/mo. Within Oregon, it ranks #63 out of 64 tracked cities.
Income Affordability
33%
MODERATE

At $1,297/mo, rent takes ~33% of Klamath Falls's median household income ($46,693/yr). The standard benchmark is 30%.

Klamath Falls 33%Benchmark 30%
State income tax4.75–9.9%
Run the Klamath Falls affordability calculator →
Lowest-rent ZIP codes in Klamath Falls
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Klamath Falls, OR

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