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Rental Market Trends in Klamath Falls, OR

What is the average rent in Klamath Falls, OR?

$734/month

Average Rent

544 Sq Ft

Average Apartment Size

+0.8%

Increase in the Last Year

As of July 2025, the average rent in Klamath Falls, OR is $734 per month. This is 55% lower than the national average rent of $1,636/month, making renting in Klamath Falls more affordable than most cities in the US. When you rent an apartment in Klamath Falls, you can expect to pay about $608 per month for a studio, $734 for a one-bedroom apartment, and around $924 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $910 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$608/month
396 Sq Ft
One Bedroom
$734/month
544 Sq Ft
Two Bedroom
$924/month
892 Sq Ft
Three Bedroom
$910/month
1,174 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,176/month
457 Sq Ft
Three Bedroom
$1,729/month
726 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Klamath Falls, OR?

In the past year, rent has increased by 0.8%, which averages out to $6 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Klamath Falls, OR
Last Updated July 2025
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Klamath Falls, OR
Percentage*
Rent Range
41% Below $700/month
47% $700 - $1,000/month
12% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Klamath Falls, OR?

Because the average rent in Klamath Falls is $734, you’ll want to make about $2,446 per month or $29,352 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

Cost of Living

The cost of living in Klamath Falls, OR is 1.6% lower than the national average. Generally, housing in Klamath Falls is 8.3% less expensive than the national average, with rent falling between $608 - $924. You can expect to pay 3.3% less for groceries, 3.2% more for utilities, and 10.3% more for transportation.

City

Klamath Falls, OR

45 Available Apartments for Rent

Search for Nearby Apartments

How does Klamath Falls, OR compare to other nearby cities and neighborhoods?

Use the tool below to compare Klamath Falls, OR to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Klamath Falls, OR

Apartment Averages

Apartment communities in Klamath Falls we think you'll love

4162 Marian Ct

4162 Marian Ct

4162 Marian Ct,
Klamath Falls, OR 97603

2 Beds | $1,250

2200 Reclamation Ave

2200 Reclamation Ave

2200 Reclamation Ave,
Klamath Falls, OR 97601

1 Bed | $1,100

1541 Derby St

1541 Derby St

1541 Derby St,
Klamath Falls, OR 97603

2 Beds | $1,400

5989 Marius Dr

5989 Marius Dr

5989 Marius Dr,
Klamath Falls, OR 97603

3 Beds | $1,650

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United States Oregon Klamath Falls Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity