Average Rent in Las Vegas, NV

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Current Versus Historical Las Vegas, NV Rents

Las Vegas rentals average $1,650 for a studio rental to $2,895 for a 4-bedroom rental. The median price of all currently available listings is $2,195, or roughly $1 per square feet.
For the apartment units and housing in February 2024, median rents have risen over the last year. Studio rentals prices have decreased by $315 (-23.12%) year-over-year from $1,363 to $1,048. 1-bedroom rentals prices have increased by $67 (5.88%) year-over-year from $1,133 to $1,200. 2-bedroom rentals prices have increased by $75 (5.00%) year-over-year from $1,500 to $1,575. 3-bedroom rentals prices have increased by $67 (3.45%) year-over-year from $1,933 to $2,000. 4-bedroom rentals prices have increased by $298 (11.91%) year-over-year from $2,498 to $2,795. 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 8.85% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone up by 2.16% this month. 3-bedroom rents have gone up by 1.69% this month. 4-bedroom rents have gone up by 5.54% this month.
Beds
Price / Sqft
Feb 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.12 $1,048 $1,363 (-23.12%) $1,490 (-29.71%)
1 BR $1.77 $1,200 $1,133 (5.88%) $1,068 (12.41%)
2 BR $1.49 $1,575 $1,500 (5.00%) $1,260 (25.00%)
3 BR $1.30 $2,000 $1,933 (3.45%) $1,607 (24.48%)
4+ BR $1.21 $2,795 $2,498 (11.91%) $2,092 (33.63%)

Historical Rents in Las Vegas, NV

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Las Vegas

There are a total of 9 cities nearby Las Vegas. The average rent in Las Vegas is currently $2,083 per month. A total of 5 cities nearby have an average rent lower than that. Our records show that Sunrise Manor, NV, with an average rent of $1,595, is the most affordable city nearby. In contrast, the most expensive city near Las Vegas, NV is Summerlin South, NV. Monthly rents here are on average $3,000 per month.

Let's compare Las Vegas, NV's rent against other top cities nearby by bedroom size. One bedrooms are equivalent to other nearby cities' one bedroom rents. Two bedrooms in Las Vegas, NV are about 3.03% more expensive. Finally, rent for three bedrooms are about 1.71% more affordable. Want more information? Check out the top 9 cities near Las Vegas, NV in the following chart.
City Studio 1 Bed 2 Bed All
Sunrise Manor, NV N/A $970 $1,200 $1,595
Whitney, NV N/A $1,150 $1,443 $1,825
Paradise, NV $1,538 $1,500 $1,450 $2,000
North Las Vegas, NV N/A $1,038 $1,600 $2,050
Spring Valley, NV N/A $1,250 $1,550 $2,083
Enterprise, NV N/A $1,500 $1,700 $2,250
Henderson, NV $1,700 $1,575 $1,798 $2,300
Winchester, NV N/A $2,325 $2,025 $2,350
Summerlin South, NV N/A N/A $2,500 $3,000

Top Neighborhoods Near Las Vegas

There are a total of 13 neighborhoods in or near Las Vegas. Some of these neighborhoods include Downtown Las Vegas, Green Valley North, and Silverado Ranch. We've included all of these top 13 neighborhoods in or near Las Vegas, NV in the following chart.

The average rent for these 13 neighborhoods in or near Las Vegas, NV is currently around $2,200 per month. A total of 5 neighborhoods have a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $2,200. Interestingly, the neighborhoods' average rent is higher than Las Vegas's average rent, which is only $2,195. Out of all the neighborhoods in or near Las Vegas, Downtown Las Vegas has the most affordable average rent at $1,950 per month. Whereas, at $2,923 average rent per month, Lake Las Vegas is the most expensive neighborhood in or near Las Vegas. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Downtown Las Vegas, Las Vegas, NV $2,125 $1,800 $2,195 $1,950
Green Valley North, Henderson, NV N/A $1,285 $1,550 $1,995
Silverado Ranch, Paradise, NV N/A $1,395 $1,800 $2,050
Rhodes Ranch, Spring Valley, NV N/A $1,575 $1,650 $2,100
Mountain Edge, Enterprise, NV N/A N/A N/A $2,195
Winchester, NV N/A $2,275 $2,025 $2,200
Green Valley South, Henderson, NV N/A $1,200 $1,763 $2,200
MacDonald Ranch, Henderson, NV N/A $1,695 $1,850 $2,225
The Strip, Paradise, NV $1,875 $2,500 $2,300 $2,450
Coronado Ranch, Enterprise, NV N/A N/A $1,698 $2,500
Mira Villas, Las Vegas, NV N/A N/A $1,995 $2,500
Southern Highlands, Enterprise, NV N/A N/A N/A $2,875
Lake Las Vegas, Henderson, NV $1,700 $1,425 $2,400 $2,923

Top Counties Near Las Vegas

There are a total of 13 counties located by Las Vegas, NV. The average rent for rentals in these counties is $2,150. That's roughly around $1 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Clark, NV. It's average rent per month is $2,150. Vice versa, with an average rent of $2,150, Clark, NV is the most expensive county by Las Vegas, NV.

Typically, rent for studios in Las Vegas, NV is 3.03% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Las Vegas, NV is 4.00% more affordable than other counties nearby. Finally, rent for two bedrooms in Las Vegas, NV is 3.03% 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 $1,700 $1,300 $1,600 $2,150

Top Zipcodes Near Las Vegas

There are a total of 43 zipcodes in or near Las Vegas, NV. The average rent for all of these zipcodes is $2,100. A total of 24 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 $1,295 per month. In comparison, the zipcode with the most expensive average rent of $3,150 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 Las Vegas, NV is $1,100 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,650 per month. Which comes out to $1 per sqft. The following chart includes the top 10 zipcodes in Las Vegas, NV. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
89052, Henderson, NV N/A $1,798 $1,873 $2,395
89117, Las Vegas, NV N/A $1,250 $1,550 $2,595
89148, Clark County, NV N/A N/A $1,725 $2,150
89113, Spring Valley, NV N/A $1,325 $1,600 $2,300
89128, Las Vegas, NV N/A $1,295 $1,550 $2,100
89135, Clark County, NV N/A N/A $2,500 $3,000
89178, Enterprise, NV N/A N/A $1,625 $2,245
89139, Enterprise, NV N/A N/A $1,950 $2,200
89011, Henderson, NV $1,700 $1,287 $2,200 $2,345
89129, Clark County, NV N/A $1,450 $1,818 $1,995

Frequently Asked Questions - Las Vegas Average Rents

What is the average rent price in Las Vegas, NV?
The average monthly rental price for Las Vegas, NV apartments for rent is approximately $2,195. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 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 Las Vegas, NV.
How much is a studio apartment in Las Vegas, NV?
The average monthly rental price for studio apartments is $1,650 and an average price per square feet of $2.12. There are a total of 10 studio apartment listings currently available for rent in Las Vegas.
How much is a one bedroom apartment in Las Vegas, NV?
The average monthly rental price for one bedroom apartments is $1,250 and an average price per square feet of $1.77. There are a total of 89 one bedroom apartment listings currently available for rent in Las Vegas.
How much is a two bedroom apartment in Las Vegas, NV?
The average monthly rental price for two bedroom apartments is $1,650 and an average price per square feet of $1.49. There are a total of 295 two bedroom apartment listings currently available for rent in Las Vegas.
How have rent prices in Las Vegas, NV changed this year?
Rent prices for rentals in Las Vegas, NV can fluctuate yearly. Specifically, studio rental prices have changed by -0.23%, one bedroom rental prices have changed by 0.06%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by 0.03% year-over-year.
What is a reasonable rent price in Las Vegas, NV?
A reasonable rent price in Las Vegas, NV is around $1,756/month. You can search for these reasonably priced rental listings on RentHop.
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