Average Rent in Downtown Las Vegas, Las Vegas, NV

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Current Versus Historical Downtown Las Vegas, Las Vegas, NV Rents

Downtown Las Vegas rentals average $1,195 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $1,550, 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 $197 (19.74%) year-over-year from $998 to $1,195. 1-bedroom rentals prices have increased by $105 (10.45%) year-over-year from $1,005 to $1,110. 2-bedroom rentals prices have increased by $668 (43.56%) year-over-year from $1,533 to $2,200. 3-bedroom rentals prices have increased by $1,270 (73.62%) year-over-year from $1,725 to $2,995. 4-bedroom rentals prices have increased by $1,577 (70.94%) year-over-year from $2,223 to $3,800. 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 11.66% this month. 1-bedroom rents have gone down by 17.87% this month. 2-bedroom rents have gone up by 16.40% this month. 3-bedroom rents have gone up by 39.95% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$1.96	$1,195	$998 (19.74%)	$1,232 (-2.96%)
1 BR	$1.11	$1,110	$1,005 (10.45%)	$854 (29.95%)
2 BR	$1.84	$2,200	$1,533 (43.56%)	$1,383 (59.04%)
3 BR	$1.63	$2,995	$1,725 (73.62%)	$1,564 (91.46%)

Historical Rents in Downtown Las Vegas, Las Vegas, NV

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Downtown Las Vegas

There are a total of 9 cities nearby Downtown Las Vegas. The average rent in Downtown Las Vegas is currently $2,250 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 $1,550, is the most affordable city nearby. In contrast, the most expensive city near Downtown Las Vegas, Las Vegas, NV is Winchester, NV. Monthly rents here are on average $2,850 per month.

Let's compare Downtown Las Vegas, Las Vegas, NV's rent against other top cities nearby by bedroom size. One bedrooms are about 6.38% more affordable. Two bedrooms in Downtown Las Vegas, Las Vegas, NV are about 25.38% more expensive. Finally, rent for three bedrooms are about 25.73% more expensive. Want more information? Check out the top 9 cities near Downtown Las Vegas, Las Vegas, NV in the following chart.

City	Studio	1 Bed	2 Bed	All
Sunrise Manor, NV	N/A	$1,195	$1,200	$1,550
Paradise, NV	$2,000	$1,450	$1,700	$2,050
North Las Vegas, NV	N/A	$900	$1,350	$2,100
Spring Valley, NV	N/A	$1,250	$1,595	$2,150
Las Vegas, NV	$1,195	$1,150	$1,725	$2,250
Henderson, NV	$1,375	$1,473	$1,885	$2,350
Enterprise, NV	N/A	$1,550	$1,713	$2,395
Summerlin South, NV	N/A	N/A	$2,700	$2,800
Winchester, NV	N/A	$1,975	$3,000	$2,850

Top Neighborhoods Near Downtown Las Vegas

There are a total of 8 neighborhoods in or near Downtown Las Vegas. Some of these neighborhoods include Silverado Ranch, Mountain Edge, and Green Valley South. We've included all of these top 8 neighborhoods in or near Downtown Las Vegas, Las Vegas, NV in the following chart.

The average rent for these 8 neighborhoods in or near Downtown Las Vegas, Las Vegas, NV is currently around $2,406 per month. Meaning, only eight neighborhoods have a higher average rent than $2,406. Interestingly, the neighborhoods' average rent is higher than Downtown Las Vegas's average rent, which is only $1,550. Out of all the neighborhoods in or near Downtown Las Vegas, Silverado Ranch has the most affordable average rent at $2,000 per month. Whereas, at $2,950 average rent per month, The Strip is the most expensive neighborhood in or near Downtown Las Vegas. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Silverado Ranch, Paradise, NV	N/A	$1,385	$1,795	$2,000
Mountain Edge, Enterprise, NV	N/A	N/A	$2,200	$2,200
Green Valley South, Henderson, NV	N/A	N/A	$1,700	$2,300
Rhodes Ranch, Spring Valley, NV	N/A	$1,495	$1,650	$2,400
Green Valley North, Henderson, NV	N/A	N/A	$1,748	$2,413
Mira Villas, Las Vegas, NV	N/A	N/A	$1,850	$2,425
Southern Highlands, Enterprise, NV	N/A	N/A	N/A	$2,500
The Strip, Paradise, NV	$2,150	$2,100	$3,725	$2,950

Top Counties Near Downtown Las Vegas

There are a total of 8 counties located by Downtown Las Vegas, Las Vegas, NV. The average rent for rentals in these counties is $2,235. That's roughly around $1 per sqft. The county that is the most affordable is Clark, NV. It's average rent per month is $2,235. Vice versa, with an average rent of $2,235, Clark, NV is the most expensive county by Downtown Las Vegas, Las Vegas, NV.

Typically, rent for studios in Downtown Las Vegas, Las Vegas, NV is 32.85% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Downtown Las Vegas, Las Vegas, NV is 6.38% more affordable than other counties nearby. Finally, rent for two bedrooms in Downtown Las Vegas, Las Vegas, NV is 26.14% more expensive than other counties nearby. We've listed the top 1 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Clark, NV	$1,588	$1,250	$1,695	$2,235

Top Zipcodes Near Downtown Las Vegas

There are a total of 41 zipcodes in or near Downtown Las Vegas, Las Vegas, NV. The average rent for all of these zipcodes is $2,250. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 89119, Paradise, NV at $1,300 per month. In comparison, the zipcode with the most expensive average rent of $3,225 per month is 89124, Clark County, NV.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Downtown Las Vegas, Las Vegas, NV is $1,138 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,698 per month. Which comes out to $1 per sqft. The following chart includes the top 10 zipcodes in Downtown Las Vegas, Las Vegas, NV. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
89101, Las Vegas, NV	$1,195	$1,175	$1,450	$1,400
89104, Las Vegas, NV	$1,195	$1,095	$1,273	$1,610
89102, Las Vegas, NV	$1,175	$1,200	$2,350	$1,950
89109, Paradise, NV	$2,150	$2,848	$3,750	$3,000
89121, Paradise, NV	N/A	$1,413	$1,195	$1,800
89119, Paradise, NV	$1,613	$1,000	$1,325	$1,300
89108, Las Vegas, NV	N/A	$1,138	$1,350	$1,675
89081, North Las Vegas, NV	N/A	N/A	N/A	$2,145
89103, Paradise, NV	N/A	$1,195	$1,550	$1,550
89031, North Las Vegas, NV	N/A	N/A	$1,650	$2,063

Frequently Asked Questions - Downtown Las Vegas Average Rents

What is the average rent price in Downtown Las Vegas, Las Vegas, NV?

The average monthly rental price for Downtown Las Vegas, Las Vegas, 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 Downtown Las Vegas, 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 Downtown Las Vegas, Las Vegas, NV.

How much is a studio apartment in Downtown Las Vegas, Las Vegas, NV?

The average monthly rental price for studio apartments is $1,195 and an average price per square feet of $1.96. There are a total of 11 studio apartment listings currently available for rent in Downtown Las Vegas.

How much is a one bedroom apartment in Downtown Las Vegas, Las Vegas, NV?

The average monthly rental price for one bedroom apartments is $1,175 and an average price per square feet of $1.11. There are a total of 30 one bedroom apartment listings currently available for rent in Downtown Las Vegas.

How much is a two bedroom apartment in Downtown Las Vegas, Las Vegas, NV?

The average monthly rental price for two bedroom apartments is $2,295 and an average price per square feet of $1.84. There are a total of 19 two bedroom apartment listings currently available for rent in Downtown Las Vegas.

How have rent prices in Downtown Las Vegas, Las Vegas, NV changed this year?

Rent prices for rentals in Downtown Las Vegas, Las Vegas, NV can fluctuate yearly. Specifically, studio rental prices have changed by 0.20%, one bedroom rental prices have changed by 0.10%, two bedroom rental prices have changed by 0.44%, and three bedroom rental prices have changed by 0.74% year-over-year.

What is a reasonable rent price in Downtown Las Vegas, Las Vegas, NV?

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