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 $1,095 for a studio rental to $2,100 for a 4-bedroom rental. The median price of all currently available listings is $1,600, or roughly $2 per square feet.

For the apartment units and housing in July 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $223 (23.14%) year-over-year from $964 to $1,188. 1-bedroom rentals prices have increased by $450 (33.33%) year-over-year from $1,350 to $1,800. 2-bedroom rentals prices have decreased by $348 (-19.92%) year-over-year from $1,748 to $1,400. 3-bedroom rentals prices have increased by $243 (15.09%) year-over-year from $1,608 to $1,850. 4-bedroom rentals prices have increased by $259 (14.05%) year-over-year from $1,841 to $2,100. 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 42.66% this month. 1-bedroom rents have gone up by 9.20% this month. 2-bedroom rents have gone down by 12.50% this month. 3-bedroom rents have gone down by 6.25% this month. 4-bedroom rents have gone up by 2.44% this month.

Beds	Price / Sqft	Jul 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$0.70	$1,188	$964 (23.14%)	$1,828 (-35.02%)
1 BR	$2.11	$1,800	$1,350 (33.33%)	$822 (119.07%)
2 BR	$1.00	$1,400	$1,748 (-19.92%)	$1,842 (-23.98%)
3 BR	$1.64	$1,850	$1,608 (15.09%)	$1,444 (28.14%)
4+ BR	$1.35	$2,100	$1,841 (14.05%)	$1,771 (18.59%)

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 10 cities nearby Downtown Las Vegas. The average rent in Downtown Las Vegas is currently $2,148 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 $1,350, is the most affordable city nearby. In contrast, the most expensive city near Downtown Las Vegas, Las Vegas, NV is Summerlin South, NV. Monthly rents here are on average $2,723 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 29.31% more expensive. Two bedrooms in Downtown Las Vegas, Las Vegas, NV are about 19.64% more affordable. Finally, rent for three bedrooms are about 21.47% more expensive. Want more information? Check out the top 10 cities near Downtown Las Vegas, Las Vegas, NV in the following chart.

City	Studio	1 Bed	2 Bed	All
Sunrise Manor, NV	N/A	$1,000	$1,150	$1,350
Whitney, NV	N/A	$1,123	$1,425	$1,723
Paradise, NV	$2,199	$1,798	$1,700	$2,000
Spring Valley, NV	N/A	$1,295	$1,545	$2,023
North Las Vegas, NV	N/A	$950	$1,610	$2,100
Las Vegas, NV	$1,195	$1,250	$1,650	$2,195
Enterprise, NV	N/A	$1,500	$1,725	$2,300
Henderson, NV	$2,075	$1,350	$1,825	$2,350
Winchester, NV	N/A	$2,000	$3,175	$2,395
Summerlin South, NV	N/A	N/A	$2,300	$2,723

Top Neighborhoods Near Downtown Las Vegas

There are a total of 7 neighborhoods in or near Downtown Las Vegas. Some of these neighborhoods include Silverado Ranch, Mountain Edge, and Rhodes Ranch. We've included all of these top 7 neighborhoods in or near Downtown Las Vegas, Las Vegas, NV in the following chart.

The average rent for these 7 neighborhoods in or near Downtown Las Vegas, Las Vegas, NV is currently around $2,323 per month. Meaning, only seven neighborhoods have a higher average rent than $2,323. Interestingly, the neighborhoods' average rent is higher than Downtown Las Vegas's average rent, which is only $1,600. Out of all the neighborhoods in or near Downtown Las Vegas, Silverado Ranch has the most affordable average rent at $2,100 per month. Whereas, at $2,790 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	$2,213	$1,950	$2,100
Mountain Edge, Enterprise, NV	N/A	N/A	N/A	$2,198
Rhodes Ranch, Spring Valley, NV	N/A	$1,798	$1,600	$2,250
Green Valley North, Henderson, NV	N/A	N/A	$1,650	$2,323
Mira Villas, Las Vegas, NV	N/A	N/A	$1,985	$2,397
Southern Highlands, Enterprise, NV	N/A	N/A	$2,200	$2,713
The Strip, Paradise, NV	$2,199	$2,498	$3,200	$2,790

Top Counties Near Downtown Las Vegas

There are a total of 7 counties located by Downtown Las Vegas, Las Vegas, NV. The average rent for rentals in these counties is $2,195. That's roughly around $1 per sqft. The county that is the most affordable is Clark, NV. It's average rent per month is $2,195. Vice versa, with an average rent of $2,195, 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 46.12% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Downtown Las Vegas, Las Vegas, NV is 27.78% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown Las Vegas, Las Vegas, NV is 14.29% 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	$1,600	$2,195

Top Zipcodes Near Downtown Las Vegas

There are a total of 35 zipcodes in or near Downtown Las Vegas, Las Vegas, NV. The average rent for all of these zipcodes is $2,200. A total of 4 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 89115, Clark County, NV at $1,275 per month. In comparison, the zipcode with the most expensive average rent of $3,200 per month is 89109, Paradise, 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 $1,250 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,750 per month. Which comes out to $2 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	$1,145	$1,800	$1,295	$1,500
89169, Paradise, NV	N/A	$1,798	$1,750	$1,800
89109, Paradise, NV	$2,199	$2,713	$3,500	$3,200
89121, Paradise, NV	N/A	$1,110	$1,100	$1,875
89108, Las Vegas, NV	N/A	$1,098	$1,300	$1,500
89103, Paradise, NV	N/A	$1,250	$1,395	$1,485
89031, North Las Vegas, NV	N/A	N/A	$1,950	$1,995
89122, Whitney, NV	N/A	$1,123	$1,273	$1,720
89117, Las Vegas, NV	N/A	$1,525	$1,598	$2,495
89128, Las Vegas, NV	N/A	$1,298	$1,578	$2,100

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 $1,600. 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 $1,095 and an average price per square feet of $0.70. 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 $1,800 and an average price per square feet of $2.11. There are a total of 41 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 $1,400 and an average price per square feet of $1.00. 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 0.23%, one bedroom rental prices have changed by 0.33%, two bedroom rental prices have changed by -0.20%, and three bedroom rental prices have changed by 0.15% 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 $1,280/month. You can search for these reasonably priced rental listings on RentHop.