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Average Rent in 89502, Reno, NV

Home  »  NV  »  Reno  »  89502

Current Versus Historical 89502, Reno, NV Rents

89502 rentals average $1,250 for a 1-bedroom rental to $0 for a 3-bedroom rental. The median price of all currently available listings is $1,395, 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 $89 (8.81%) year-over-year from $1,006 to $1,095. 1-bedroom rentals prices have increased by $420 (36.11%) year-over-year from $1,164 to $1,585. 2-bedroom rentals prices have decreased by $102 (-6.79%) year-over-year from $1,497 to $1,395. 3-bedroom rentals prices have decreased by $49 (-2.10%) year-over-year from $2,344 to $2,295. 4-bedroom rentals prices have increased by $1,117 (36.22%) year-over-year from $3,083 to $4,200. 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 0.24% this month. 1-bedroom rents have gone up by 21.98% this month. 2-bedroom rents have gone down by 2.50% this month. 3-bedroom rents have gone up by 13.99% this month. 4-bedroom rents have gone up by 17.78% this month.
Beds
Price / Sqft
 May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $2.03 $1,585 $1,164 (36.11%) $1,025 (54.59%)
2 BR $1.48 $1,395 $1,497 (-6.79%) $1,339 (4.17%)

Historical Rents in 89502, Reno, NV

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 89502

There are a total of 1 cities nearby 89502. The average rent in 89502 is currently $2,195 per month. Our records show that Reno, NV, with an average rent of $2,195, is the most affordable city nearby. In contrast, the most expensive city near 89502, Reno, NV is Reno, NV. Monthly rents here are on average $2,195 per month.

Let's compare 89502, Reno, NV's rent against other top cities nearby by bedroom size. Typically, rent for studios in 89502, Reno, NV is inf% more affordable than other cities nearby. One bedrooms are about 13.00% more affordable. Two bedrooms in 89502, Reno, NV are about 30.82% more affordable. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 1 cities near 89502, Reno, NV in the following chart.
City Studio 1 Bed 2 Bed All
Reno, NV $1,335 $1,413 $1,825 $2,195

Top Neighborhoods Near 89502



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near 89502



We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All

Top Zipcodes Near 89502



You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All

Frequently Asked Questions - 89502 Average Rents

What is the average rent price in 89502, Reno, NV?
The average monthly rental price for 89502, Reno, NV apartments for rent is approximately $1,395. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 89502, Reno, 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 89502, Reno, NV.
How much is a studio apartment in 89502, Reno, NV?
The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in 89502.
How much is a one bedroom apartment in 89502, Reno, NV?
The average monthly rental price for one bedroom apartments is $1,250 and an average price per square feet of $2.03. There are a total of 3 one bedroom apartment listings currently available for rent in 89502.
How much is a two bedroom apartment in 89502, Reno, NV?
The average monthly rental price for two bedroom apartments is $1,395 and an average price per square feet of $1.48. There are a total of 3 two bedroom apartment listings currently available for rent in 89502.
How have rent prices in 89502, Reno, NV changed this year?
Rent prices for rentals in 89502, Reno, NV can fluctuate yearly. Specifically, studio rental prices have changed by 0.09%, one bedroom rental prices have changed by 0.36%, two bedroom rental prices have changed by -0.07%, and three bedroom rental prices have changed by -0.02% year-over-year.
What is a reasonable rent price in 89502, Reno, NV?
A reasonable rent price in 89502, Reno, NV is around $1,116/month. You can search for these reasonably priced rental listings on RentHop.
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