At $4,911/mo, rent takes about 24% 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 $4,911 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
30% of the median household income ($250,001) is $6,250 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($5,120).
From Zillow's monthly rent index (ZORI) for Great 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
Great Falls, VA is majority owner-occupied, has a large share of families with children, has a median income above the national average, 85.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Great Falls, VA has changed in 5 years
Household income in the area moved from $250,001 to $250,001 across the same window, up 0.0% versus 2021. Headcount in the area went from 14,690 to 15,228 between 2021 and 2024, a 3.7% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 83.1% to 85.3%.
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Can you afford rent in Great Falls on your salary?
At $4,911/mo, how Great Falls rent compares to typical pay (30% rule).
Great Falls rent by bedroom count
Median rent for each apartment size in Great Falls. Click any size for full breakdown.
Tips for renters in Great Falls
Last updated: October 17, 2026
The median rent in Great Falls is $4,911/mo as of October 2026. A studio apartment averages $3,020/mo while a 2-bedroom runs $3,470/mo. One-bedroom apartments average $3,080/mo and 3-bedroom units go for $4,340/mo.
At 24% of local median household income ($250,001/yr), Great Falls ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
How much income do you need to rent in Great Falls?
Is rent going up or down in Great Falls?
How does Great Falls rent compare to other cities in Virginia?
Which nearby cities are cheaper to rent in than Great Falls?
At $4,911/mo, rent takes ~24% of Great Falls's median household income ($250,001/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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