Rents are 3% below what Klamath Falls's 10-year trend predicts — a better deal than its own history suggests.
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 $1,303 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 Klamath Falls is 3% below its high of $1,343 in December 2025, at $1,303 as of September 2026.
Rent in Klamath Falls changed +0.3% over the year to September 2026. Across the 54 Oregon cities Zillow tracks, the typical change was +1.9%.
Rent has fallen 2 months in a row, and rose in 5 of the last 12 months.
30% of the median household income ($46,693) is $1,167 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,120); a 3-bedroom is $1,570.
From Zillow's monthly rent index (ZORI) for Klamath 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
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Klamath Falls, OR has changed in 5 years
Rent in Klamath Falls, OR has increased 4.8% since 2023, going from about $1,243 per month to roughly $1,303 today. On the earnings side, the typical household in Klamath Falls, OR now reports about $46,693, up from $42,047 in 2021. Income growth outran rent by about 6.2 percentage points, easing the affordability math somewhat compared with 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.
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Can you afford rent in Klamath Falls on your salary?
At $1,303/mo, how Klamath Falls rent compares to typical pay (30% rule).
Klamath Falls rent by bedroom count
Median rent for each apartment size in Klamath Falls. Click any size for full breakdown.
Tips for renters in Klamath Falls
Last updated: October 17, 2026
The median rent in Klamath Falls is $1,303/mo as of October 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 0.3% over the past year.
Frequently asked questions
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Is rent going up or down in Klamath Falls?
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How does Klamath Falls rent compare to other cities in Oregon?
At $1,303/mo, rent takes ~33% of Klamath Falls's median household income ($46,693/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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