Average Rent in Downtown Reno, Reno, NV

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Current Versus Historical Downtown Reno, Reno, NV Rents

Downtown Reno rentals average $1,095 for a 1-bedroom. The median price of all currently available listings is $1,095.

For the apartment units and housing in May 2026, median rents have fallen substantially over the last year. Studio rentals prices have increased by $0 (0.00%) year-over-year from $1,325 to $1,325. 1-bedroom rentals prices have decreased by $312 (-22.16%) year-over-year from $1,407 to $1,095. 2-bedroom rentals prices have decreased by $409 (-25.48%) year-over-year from $1,604 to $1,195. 3-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $2,248 to $2,248. 4-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $825 to $825. 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 0.00% this month. 1-bedroom rents have gone down by 12.05% this month. 2-bedroom rents have gone down by 8.34% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	May 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	N/A	$1,095	$1,407 (-22.16%)	$1,433 (-23.60%)

Historical Rents in Downtown Reno, Reno, NV

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Downtown Reno

City	Studio	1 Bed	2 Bed	All

Top Neighborhoods Near Downtown Reno

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Downtown Reno

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Downtown Reno

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Downtown Reno Average Rents

What is the average rent price in Downtown Reno, Reno, NV?

The average monthly rental price for Downtown Reno, Reno, NV apartments for rent is approximately $1,095. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Downtown Reno, 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 Downtown Reno, Reno, NV.

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

The average monthly rental price for one bedroom apartments is $1,095. There are a total of 1 one bedroom apartment listings currently available for rent in Downtown Reno.

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

Rent prices for rentals in Downtown Reno, Reno, NV can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by -0.22%, two bedroom rental prices have changed by -0.25%, three bedroom rental prices have changed by 0.00% year-over-year.

What is a reasonable rent price in Downtown Reno, Reno, NV?

A reasonable rent price in Downtown Reno, Reno, NV is around $876/month. You can search for these reasonably priced rental listings on RentHop.