Average Rent in 89118, Spring Valley, NV

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Current Versus Historical 89118, Spring Valley, NV Rents

89118 rentals average $1,150 for a 1-bedroom rental to $2,646 for a 4-bedroom rental. The median price of all currently available listings is $1,550, or roughly $17 per square feet.

For the apartment units and housing in July 2026, median rents have fallen over the last year. Studio rentals prices have increased by $0 (0.00%) year-over-year from $3,995 to $3,995. 1-bedroom rentals prices have decreased by $62 (-5.09%) year-over-year from $1,212 to $1,150. 2-bedroom rentals prices have decreased by $78 (-5.07%) year-over-year from $1,528 to $1,450. 3-bedroom rentals prices have decreased by $51 (-2.73%) year-over-year from $1,850 to $1,800. 4-bedroom rentals prices have increased by $176 (6.86%) year-over-year from $2,572 to $2,748. 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 down by 0.00% this month. 1-bedroom rents have gone down by 1.99% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone down by 3.33% this month. 4-bedroom rents have gone up by 6.78% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$19.67	$1,150	$1,212 (-5.09%)	$1,242 (-7.38%)
2 BR	$16.70	$1,450	$1,528 (-5.07%)	$1,582 (-8.32%)
3 BR	$15.80	$1,800	$1,850 (-2.73%)	$1,830 (-1.67%)
4+ BR	$12.99	$2,748	$2,572 (6.86%)	$2,725 (0.84%)

Historical Rents in 89118, Spring Valley, NV

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 89118

There are a total of 9 cities nearby 89118. The average rent in 89118 is currently $1,985 per month. Only one city nearby has an average rent lower than that. Our records show that Sunrise Manor, NV, with an average rent of $1,485, is the most affordable city nearby. In contrast, the most expensive city near 89118, Spring Valley, NV is Summerlin South, NV. Monthly rents here are on average $2,788 per month.

Let's compare 89118, Spring Valley, NV's rent against other top cities nearby by bedroom size. One bedrooms are about 7.83% more affordable. Two bedrooms in 89118, Spring Valley, NV are about 7.41% more affordable. Finally, rent for three bedrooms are about 15.07% more affordable. Want more information? Check out the top 9 cities near 89118, Spring Valley, NV in the following table.

City	Studio	1 Bed	2 Bed	All
Sunrise Manor, NV	$895	$1,185	$1,150	$1,485
Whitney, NV	N/A	$1,095	$1,335	$1,785
Paradise, NV	$2,145	$1,240	$1,530	$1,800
Winchester, NV	$1,000	$1,600	$1,792	$1,925
Spring Valley, NV	N/A	$1,225	$1,450	$1,985
Las Vegas, NV	$1,400	$1,150	$1,558	$2,095
Henderson, NV	$1,395	$1,350	$1,800	$2,280
Enterprise, NV	N/A	$1,450	$1,625	$2,292
Summerlin South, NV	N/A	$2,050	$2,600	$2,788

Top Neighborhoods Near 89118

There are a total of 16 neighborhoods in or near 89118. Some of these neighborhoods include Bella Vita, Downtown Las Vegas, and MacDonald Ranch. We've included all of these top 16 neighborhoods in or near 89118, Spring Valley, NV in the following table.

The average rent for these 16 neighborhoods in or near 89118, Spring Valley, NV is currently around $2,145 per month. A total of one neighborhood has a lower average rent. Meaning, only fifteen neighborhoods have a higher average rent than $2,145. Interestingly, the neighborhoods' average rent is higher than 89118's average rent, which is only $1,550. Out of all the neighborhoods in or near 89118, Bella Vita has the most affordable average rent at $1,295 per month. Whereas, at $2,600 average rent per month, Highlands Ranch is the most expensive neighborhood in or near 89118. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Bella Vita, Spring Valley, NV	N/A	$1,198	$1,350	$1,295
Downtown Las Vegas, Las Vegas, NV	$895	$1,150	$1,425	$1,590
MacDonald Ranch, Henderson, NV	N/A	N/A	$1,600	$1,825
Silverado Ranch, Paradise, NV	N/A	$1,250	$1,595	$1,850
Winchester, NV	$1,000	$1,580	$1,799	$1,900
Rancho Viejo, Spring Valley, NV	N/A	$1,215	$1,563	$1,995
The Strip, Paradise, NV	$2,100	$1,850	$2,000	$2,000
Green Valley South, Henderson, NV	N/A	$1,350	$1,700	$2,000
Green Valley North, Henderson, NV	N/A	$1,450	$1,725	$2,290
Rhodes Ranch, Spring Valley, NV	N/A	$1,300	$1,500	$2,293
Mountain Edge, Enterprise, NV	N/A	N/A	$1,750	$2,340
Southern Highlands, Enterprise, NV	N/A	N/A	N/A	$2,425
Mira Villas, Las Vegas, NV	N/A	$1,373	$1,950	$2,440
Green Valley Ranch, Henderson, NV	N/A	$1,598	$2,048	$2,448
Seven Hills, Henderson, NV	N/A	$1,350	$2,023	$2,500
Highlands Ranch, Enterprise, NV	N/A	N/A	N/A	$2,600

Top Counties Near 89118

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near 89118

There are a total of 38 zipcodes in or near 89118, Spring Valley, NV. The average rent for all of these zipcodes is $2,020. A total of 9 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 89119, Paradise, NV at $1,260 per month. In comparison, the zipcode with the most expensive average rent of $3,000 per month is 89138, Las Vegas, NV.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 89118, Spring Valley, NV is $1,245 per month. Or in other words, $20 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,591 per month. Which comes out to $17 per sqft. The following table includes the top 10 zipcodes in 89118, Spring Valley, NV. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
89103, Paradise, NV	$2,600	$1,250	$1,450	$1,595
89113, Spring Valley, NV	N/A	$1,250	$1,500	$2,063
89148, Clark County, NV	N/A	$1,299	$1,500	$2,290
89117, Las Vegas, NV	N/A	$1,313	$1,500	$2,000
89147, Spring Valley, NV	N/A	$1,250	$1,593	$2,054
89139, Enterprise, NV	N/A	$1,825	$2,100	$2,248
89123, Paradise, NV	N/A	$1,350	$1,550	$1,875
89141, Enterprise, NV	N/A	N/A	N/A	$2,600
89119, Paradise, NV	$695	$925	$1,288	$1,260
89183, Paradise, NV	N/A	$1,250	$1,595	$1,995

Frequently Asked Questions - 89118 Average Rents

What is the average rent price in 89118, Spring Valley, NV?

The average monthly rental price for 89118, Spring Valley, NV apartments for rent is approximately $1,550. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 89118, Spring Valley, 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 89118, Spring Valley, NV.

How much is a one bedroom apartment in 89118, Spring Valley, NV?

The average monthly rental price for one bedroom apartments is $1,150 and an average price per square feet of $19.67. There are a total of 19 one bedroom apartment listings currently available for rent in 89118.

How much is a two bedroom apartment in 89118, Spring Valley, NV?

The average monthly rental price for two bedroom apartments is $1,450 and an average price per square feet of $16.70. There are a total of 49 two bedroom apartment listings currently available for rent in 89118.

How have rent prices in 89118, Spring Valley, NV changed this year?

Rent prices for rentals in 89118, Spring Valley, NV can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by -0.05%, two bedroom rental prices have changed by -0.05%, three bedroom rental prices have changed by -0.03% year-over-year.

What is a reasonable rent price in 89118, Spring Valley, NV?

A reasonable rent price in 89118, Spring Valley, NV is around $1,240/month. You can search for these reasonably priced rental listings on RentHop.