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 $1,950 for a 3-bedroom rental. The median price of all currently available listings is $1,800, or roughly $2 per square feet.
For the apartment units and housing in April 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $3 (0.30%) year-over-year from $1,013 to $1,016. 1-bedroom rentals prices have increased by $107 (10.83%) year-over-year from $988 to $1,095. 2-bedroom rentals prices have increased by $421 (26.73%) year-over-year from $1,574 to $1,995. 3-bedroom rentals prices have increased by $208 (12.69%) year-over-year from $1,642 to $1,850. 4-bedroom rentals prices have increased by $1,353 (55.29%) year-over-year from $2,447 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 down by 2.65% this month. 1-bedroom rents have gone down by 16.03% this month. 2-bedroom rents have gone up by 20.91% this month. 3-bedroom rents have gone up by 6.73% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.09 $1,016 $1,013 (0.30%) $1,283 (-20.78%)
1 BR $2.32 $1,095 $988 (10.83%) $873 (25.50%)
2 BR $1.83 $1,995 $1,574 (26.73%) $1,138 (75.38%)
3 BR $1.32 $1,850 $1,642 (12.69%) $1,850 (-0.01%)

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 $2,199 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 $1,573, 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 $3,150 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 30.83% more expensive. Two bedrooms in Downtown Las Vegas, Las Vegas, NV are about 29.27% more expensive. Finally, rent for three bedrooms are about 10.77% more affordable. 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 $1,050 $1,200 $1,573
Whitney, NV N/A $1,195 $1,320 $1,850
Paradise, NV $2,200 $1,585 $1,600 $2,000
Spring Valley, NV N/A $1,295 $1,550 $2,150
North Las Vegas, NV N/A $900 $1,350 $2,173
Las Vegas, NV $1,150 $1,175 $1,650 $2,225
Enterprise, NV N/A $1,400 $1,750 $2,300
Henderson, NV $1,575 $1,525 $1,850 $2,399
Winchester, NV N/A $2,200 $3,000 $2,820
Summerlin South, NV N/A N/A $2,800 $3,150

Top Neighborhoods Near Downtown Las Vegas

There are a total of 10 neighborhoods in or near Downtown Las Vegas. Some of these neighborhoods include Silverado Ranch, Mountain Edge, and MacDonald Ranch. We've included all of these top 10 neighborhoods in or near Downtown Las Vegas, Las Vegas, NV in the following chart.

The average rent for these 10 neighborhoods in or near Downtown Las Vegas, Las Vegas, NV is currently around $2,300 per month. Meaning, only ten neighborhoods have a higher average rent than $2,300. Interestingly, the neighborhoods' average rent is higher than Downtown Las Vegas's average rent, which is only $1,800. 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 $3,000 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 $1,523 $1,850 $2,000
Mountain Edge, Enterprise, NV N/A N/A $2,000 $2,198
MacDonald Ranch, Henderson, NV N/A N/A $1,675 $2,200
Winchester, NV N/A $2,050 $2,623 $2,250
Green Valley South, Henderson, NV N/A N/A $1,675 $2,300
Rhodes Ranch, Spring Valley, NV N/A $1,300 $1,598 $2,300
Green Valley North, Henderson, NV N/A N/A $1,750 $2,500
Southern Highlands, Enterprise, NV N/A N/A N/A $2,595
Mira Villas, Las Vegas, NV N/A N/A $1,850 $2,650
The Strip, Paradise, NV $2,200 $2,480 $3,502 $3,000

Top Counties Near Downtown Las Vegas

There are a total of 10 counties located by Downtown Las Vegas, Las Vegas, NV. The average rent for rentals in these counties is $2,250. That's roughly around $1 per sqft. The county that is the most affordable is Clark, NV. It's average rent per month is $2,250. Vice versa, with an average rent of $2,250, 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 25.80% 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 28.18% 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 $1,378 $1,300 $1,650 $2,250

Top Zipcodes Near Downtown Las Vegas

There are a total of 39 zipcodes in or near Downtown Las Vegas, Las Vegas, NV. The average rent for all of these zipcodes is $2,200. A total of 7 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 $3,425 per month is 89012, Henderson, 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 $950 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,700 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 $1,095 $1,800 $1,550 $1,550
89102, Las Vegas, NV $1,200 $1,100 $1,600 $2,038
89169, Paradise, NV N/A $1,475 $2,095 $1,850
89109, Paradise, NV $2,200 $2,800 $3,502 $3,250
89032, North Las Vegas, NV N/A N/A $1,350 $2,200
89121, Paradise, NV N/A $1,413 $1,300 $1,800
89119, Paradise, NV N/A $875 $1,300 $1,300
89108, Las Vegas, NV N/A $800 $1,398 $1,698
89103, Paradise, NV N/A $1,173 $1,395 $1,500
89031, North Las Vegas, NV N/A N/A $1,650 $2,070

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 $1,800. 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 $2.09. There are a total of 16 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 $2.32. There are a total of 33 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 $2,298 and an average price per square feet of $1.83. There are a total of 26 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 0.00%, one bedroom rental prices have changed by 0.11%, two bedroom rental prices have changed by 0.27%, and three bedroom rental prices have changed by 0.13% 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 $1,440/month. You can search for these reasonably priced rental listings on RentHop.
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