At $1,974/mo, rent takes about 28% of the local median household income, comfortably within the 30% benchmark.
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 $1,974 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 Philomath changed 0.0% over the year to September 2026. Across the 54 Oregon cities Zillow tracks, the typical change was +1.9%.
Rent rose in 6 of the last 12 months.
30% of the median household income ($83,672) is $2,092 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,550); a 3-bedroom is $2,170.
Corvallis, 8 miles away, rents for 10% less ($1,775/mo), about $2,400 a year in savings.
From Zillow's monthly rent index (ZORI) for Philomath. 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
Philomath, OR is majority owner-occupied, 50.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Philomath, OR has changed in 5 years
Census figures show median household income at $83,672 today, compared with $70,806 five years earlier. Headcount in the area went from 5,353 to 5,642 between 2021 and 2024, a 5.4% change. About 31.8% of households rent today, against 37.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 45.5% to 50.6%.
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Can you afford rent in Philomath on your salary?
At $1,974/mo, how Philomath rent compares to typical pay (30% rule).
Philomath rent by bedroom count
Median rent for each apartment size in Philomath. Click any size for full breakdown.
Tips for renters in Philomath
Last updated: October 17, 2026
The median rent in Philomath is $1,974/mo as of October 2026. A studio apartment averages $1,130/mo while a 2-bedroom runs $1,550/mo. One-bedroom apartments average $1,210/mo and 3-bedroom units go for $2,170/mo.
At 28% of local median household income ($83,672/yr), Philomath ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
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Is rent going up or down in Philomath?
How does Philomath rent compare to other cities in Oregon?
At $1,974/mo, rent takes ~28% of Philomath's median household income ($83,672/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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