Average Rent in 89101, Las Vegas, NV

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Current Versus Historical 89101, Las Vegas, NV Rents

89101 rentals average $1,145 for a studio rental to $1,773 for a 4-bedroom rental. The median price of all currently available listings is $1,450, or roughly $2 per square feet.
For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $208 (21.03%) year-over-year from $987 to $1,195. 1-bedroom rentals prices have increased by $860 (86.87%) year-over-year from $990 to $1,850. 2-bedroom rentals prices have increased by $50 (3.85%) year-over-year from $1,300 to $1,350. 3-bedroom rentals prices have increased by $646 (38.18%) year-over-year from $1,692 to $2,338. 4-bedroom rentals prices have decreased by $451 (-20.27%) year-over-year from $2,223 to $1,773. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 12.26% this month. 1-bedroom rents have gone up by 14.57% this month. 2-bedroom rents have gone up by 0.01% this month. 3-bedroom rents have gone up by 22.22% this month. 4-bedroom rents have gone down by 13.29% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $1.24 $1,195 $987 (21.03%) $1,232 (-2.96%)
1 BR $2.11 $1,850 $990 (86.87%) $873 (112.03%)
2 BR $1.29 $1,350 $1,300 (3.85%) $962 (40.33%)
3 BR $1.62 $2,338 $1,692 (38.18%) $1,354 (72.62%)
4+ BR $1.16 $1,773 $2,223 (-20.27%) $1,588 (11.65%)

Historical Rents in 89101, Las Vegas, NV

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 89101

There are a total of 9 cities nearby 89101. The average rent in 89101 is currently $2,200 per month. Our records show that Sunrise Manor, NV, with an average rent of $1,595, is the most affordable city nearby. In contrast, the most expensive city near 89101, Las Vegas, NV is Summerlin South, NV. Monthly rents here are on average $2,825 per month.

Let's compare 89101, Las Vegas, NV's rent against other top cities nearby by bedroom size. One bedrooms are about 34.72% more expensive. Two bedrooms in 89101, Las Vegas, NV are about 20.35% more affordable. Finally, rent for three bedrooms are about 10.32% more expensive. Want more information? Check out the top 9 cities near 89101, Las Vegas, NV in the following chart.
City Studio 1 Bed 2 Bed All
Sunrise Manor, NV N/A $999 $1,200 $1,595
Paradise, NV $1,925 $1,585 $1,850 $2,100
North Las Vegas, NV N/A $1,025 $1,350 $2,100
Spring Valley, NV N/A $1,295 $1,575 $2,150
Las Vegas, NV $1,195 $1,175 $1,640 $2,200
Enterprise, NV N/A $1,850 $1,700 $2,350
Henderson, NV $1,538 $1,650 $1,900 $2,350
Winchester, NV N/A $1,150 $3,000 $2,800
Summerlin South, NV N/A N/A $2,725 $2,825

Top Neighborhoods Near 89101

There are a total of 9 neighborhoods in or near 89101. Some of these neighborhoods include Downtown Las Vegas, Silverado Ranch, and Mountain Edge. We've included all of these top 9 neighborhoods in or near 89101, Las Vegas, NV in the following chart.

The average rent for these 9 neighborhoods in or near 89101, Las Vegas, NV is currently around $2,345 per month. Meaning, only nine neighborhoods have a higher average rent than $2,345. Interestingly, the neighborhoods' average rent is higher than 89101's average rent, which is only $1,450. Out of all the neighborhoods in or near 89101, Downtown Las Vegas has the most affordable average rent at $1,800 per month. Whereas, at $2,950 average rent per month, The Strip is the most expensive neighborhood in or near 89101. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Downtown Las Vegas, Las Vegas, NV $1,095 $1,800 $2,200 $1,800
Silverado Ranch, Paradise, NV N/A $1,350 $1,900 $2,025
Mountain Edge, Enterprise, NV N/A N/A $1,975 $2,200
Rhodes Ranch, Spring Valley, NV N/A $1,450 $1,588 $2,300
Green Valley South, Henderson, NV N/A N/A $1,698 $2,345
Green Valley North, Henderson, NV N/A N/A $1,785 $2,395
Mira Villas, Las Vegas, NV N/A N/A $1,835 $2,495
Southern Highlands, Enterprise, NV N/A N/A N/A $2,495
The Strip, Paradise, NV $1,950 $2,400 $3,450 $2,950

Top Counties Near 89101

There are a total of 9 counties located by 89101, Las Vegas, NV. The average rent for rentals in these counties is $2,200. That's roughly around $1 per sqft. The county that is the most affordable is Clark, NV. It's average rent per month is $2,200. Vice versa, with an average rent of $2,200, Clark, NV is the most expensive county by 89101, Las Vegas, NV.

Typically, rent for studios in 89101, Las Vegas, NV is 39.74% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 89101, Las Vegas, NV is 27.78% more expensive than other counties nearby. Finally, rent for two bedrooms in 89101, Las Vegas, NV is 16.81% more affordable than other counties nearby. We've listed the top 1 counties in the chart below.
County Studio 1 Bed 2 Bed All
Clark, NV $1,600 $1,300 $1,650 $2,200

Top Zipcodes Near 89101

There are a total of 38 zipcodes in or near 89101, Las Vegas, NV. The average rent for all of these zipcodes is $2,283.

The following chart includes the top 10 zipcodes in 89101, Las Vegas, NV. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
89052, Henderson, NV N/A $1,650 $2,000 $2,500
89117, Las Vegas, NV N/A $1,198 $1,595 $2,300
89148, Clark County, NV N/A $1,825 $1,600 $2,395
89113, Spring Valley, NV N/A $1,393 $1,598 $2,450
89128, Las Vegas, NV N/A $1,175 $1,500 $1,900
89135, Clark County, NV N/A N/A $2,725 $2,850
89178, Enterprise, NV N/A N/A $2,195 $2,200
89139, Enterprise, NV N/A N/A $2,000 $2,400
89011, Henderson, NV $1,700 $1,875 $2,100 $2,300
89044, Clark County, NV N/A N/A $2,200 $2,350

Frequently Asked Questions - 89101 Average Rents

What is the average rent price in 89101, Las Vegas, NV?
The average monthly rental price for 89101, Las Vegas, NV apartments for rent is approximately $1,450. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 89101, Las Vegas, NV rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 89101, Las Vegas, NV.
How much is a studio apartment in 89101, Las Vegas, NV?
The average monthly rental price for studio apartments is $1,145 and an average price per square feet of $1.24. There are a total of 12 studio apartment listings currently available for rent in 89101.
How much is a one bedroom apartment in 89101, Las Vegas, NV?
The average monthly rental price for one bedroom apartments is $1,800 and an average price per square feet of $2.11. There are a total of 33 one bedroom apartment listings currently available for rent in 89101.
How much is a two bedroom apartment in 89101, Las Vegas, NV?
The average monthly rental price for two bedroom apartments is $1,413 and an average price per square feet of $1.29. There are a total of 36 two bedroom apartment listings currently available for rent in 89101.
How have rent prices in 89101, Las Vegas, NV changed this year?
Rent prices for rentals in 89101, Las Vegas, NV can fluctuate yearly. Specifically, studio rental prices have changed by 0.21%, one bedroom rental prices have changed by 0.87%, two bedroom rental prices have changed by 0.04%, and three bedroom rental prices have changed by 0.38% year-over-year.
What is a reasonable rent price in 89101, Las Vegas, NV?
A reasonable rent price in 89101, Las Vegas, NV is around $1,160/month. You can search for these reasonably priced rental listings on RentHop.
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