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Rental Market Trends in Klamath Falls, OR

Updated August 2026

The average rent in Klamath Falls, OR is $762/month.

Rent in Klamath Falls is 54% lower than the national average rent of $1,664/month, making this one of the less expensive cities statewide.

$762/month

Average Rent

542 Sq Ft

Average Size

+0.6%

Change / Year

113

Available Apartments

Klamath Falls rent varies by unit size and layout:

  • Studio apartments in Klamath Falls average $666 per month.
  • One-bedroom apartments in Klamath Falls average $762 per month.
  • Two-bedroom apartments in Klamath Falls average $949 per month.
  • Three-bedroom apartments in Klamath Falls average $905 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$666/month
385 Sq Ft
One Bedroom
$762/month
542 Sq Ft
Two Bedroom
$949/month
892 Sq Ft
Three Bedroom
$905/month
1,174 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,005/month
283 Sq Ft
Two Bedroom
$1,267/month
510 Sq Ft
Three Bedroom
$1,714/month
1,157 Sq Ft
Four Bedroom
$2,511/month
2,322 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$1,260/month
175 Sq Ft
View Klamath Falls Apartments

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

In the past year, rent has increased by 0.6%, which averages out to $5 more per month.

Market Trends Over Time

August 2026

2025 2026
Market Trends Over Time

Rent Ranges in Klamath Falls, OR

August 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Klamath Falls, OR
Percentage*
Rent Range
33% Below $700/month
56% $700 - $1,000/month
11% $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 $762, you’ll want to make about $2,540 per month or $30,480 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 1.8% higher than the national average. Generally, housing in Klamath Falls is 1.9% less expensive than the national average, with rent falling between $666 - $949. You can expect to pay 4.0% less for groceries, 5.7% more for utilities, and 19.9% more for transportation.

City

Klamath Falls, OR

113 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.

View the Klamath Falls Area Guide

Apartment Averages

Apartment Communities in Klamath Falls We Think You'll Love

2001 Biehn St

2001 Biehn St

2001 Biehn St,
Klamath Falls, OR 97601

Studio | $1,000

2535 Bly St

2535 Bly St

2535 Bly St,
Klamath Falls, OR 97601

2 Beds | $1,200

4715 Red Tail Dr

4715 Red Tail Dr

4715 Red Tail Dr,
Klamath Falls, OR 97601

3 Beds | $2,495

526 N 9th St

526 N 9th St

526 N 9th St,
Klamath Falls, OR 97601

1 Bed | $1,000

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Frequently Asked Questions

What is the average rent in Klamath Falls?

The average rent in Klamath Falls is $762 per month, which is 54.2% lower than the national average of $1,664.

What is the average rent for a house in Klamath Falls?

The average rent for a house in Klamath Falls, OR is $1,714 per month.

What is the average rent for a townhome in Klamath Falls?

The average rent for a townhome in Klamath Falls, OR is $1,260 per month.

Are rents going up or down in Klamath Falls?

Rents in Klamath Falls, OR are increasing, with prices up 0.6% year-over-year and $5 more per month.

What rent range is most common in Klamath Falls?

In Klamath Falls, OR, 56% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.

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 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity