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Average Rent in 89503, Reno, NV

Home  »  NV  »  Reno  »  89503

Current Versus Historical 89503, Reno, NV Rents

89503 rentals average $0 for a 1-bedroom rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $1,995, 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 $95 (10.22%) year-over-year from $930 to $1,025. 1-bedroom rentals prices have increased by $252 (21.00%) year-over-year from $1,198 to $1,450. 2-bedroom rentals prices have increased by $340 (21.79%) year-over-year from $1,560 to $1,900. 3-bedroom rentals prices have increased by $266 (11.70%) year-over-year from $2,272 to $2,538. 4-bedroom rentals prices have increased by $563 (20.62%) year-over-year from $2,732 to $3,295. 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 2.38% this month. 1-bedroom rents have gone up by 9.46% this month. 2-bedroom rents have gone up by 11.87% this month. 3-bedroom rents have gone up by 5.33% this month. 4-bedroom rents have gone up by 14.58% this month.
Beds
Price / Sqft
 May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
2 BR $1.57 $1,900 $1,560 (21.79%) $1,508 (26.04%)
3 BR $1.47 $2,538 $2,272 (11.70%) $2,099 (20.88%)

Historical Rents in 89503, Reno, NV

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 89503

There are a total of 1 cities nearby 89503. The average rent in 89503 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 89503, Reno, NV is Reno, NV. Monthly rents here are on average $2,195 per month.

Let's compare 89503, Reno, NV's rent against other top cities nearby by bedroom size. Typically, rent for studios in 89503, Reno, NV is inf% more affordable than other cities nearby. One bedrooms are about inf% more affordable. Two bedrooms in 89503, Reno, NV are about 3.95% more expensive. Finally, rent for three bedrooms are about 11.43% more expensive. Want more information? Check out the top 1 cities near 89503, Reno, NV in the following chart.
City Studio 1 Bed 2 Bed All
Reno, NV $1,335 $1,375 $1,825 $2,195

Top Neighborhoods Near 89503



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

Top Counties Near 89503



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

Top Zipcodes Near 89503



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

Frequently Asked Questions - 89503 Average Rents

What is the average rent price in 89503, Reno, NV?
The average monthly rental price for 89503, Reno, NV apartments for rent is approximately $1,995. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 89503, 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 89503, Reno, NV.
How much is a studio apartment in 89503, 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 89503.
How much is a one bedroom apartment in 89503, Reno, NV?
The average monthly rental price for one bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 1 one bedroom apartment listings currently available for rent in 89503.
How much is a two bedroom apartment in 89503, Reno, NV?
The average monthly rental price for two bedroom apartments is $1,900 and an average price per square feet of $1.57. There are a total of 7 two bedroom apartment listings currently available for rent in 89503.
How have rent prices in 89503, Reno, NV changed this year?
Rent prices for rentals in 89503, Reno, NV can fluctuate yearly. Specifically, studio rental prices have changed by 0.10%, one bedroom rental prices have changed by 0.21%, two bedroom rental prices have changed by 0.22%, and three bedroom rental prices have changed by 0.12% year-over-year.
What is a reasonable rent price in 89503, Reno, NV?
A reasonable rent price in 89503, Reno, NV is around $1,596/month. You can search for these reasonably priced rental listings on RentHop.
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