The 27-year-old Argentinian, Rangers' longest-serving player, has agreed a one-year extension which will keep him at Loftus Road until next summer.
Faurlin told the club's official website: "It's nice to sign the new deal. It took a little bit of time, but I am so happy everything is now sorted.
"It's been quite an amazing journey so far - relegation, promotions and plenty more - but it's been a beautiful experience. I hope the next chapter is the most epic yet.
"The Premier League is where every player wants to play and I am no different.
"We all know that the Premier League will be very difficult, with so many great teams, but we are looking forward to the challenge ahead."
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