Average Rent in Las Vegas, NV

Current Versus Historical Las Vegas, NV Rents

Las Vegas rentals average $1,150 for a studio rental to $2,995 for a 4-bedroom rental. The median price of all currently available listings is $2,250, or roughly $1 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $243 (-18.83%) year-over-year from $1,288 to $1,045. 1-bedroom rentals prices have increased by $30 (2.58%) year-over-year from $1,165 to $1,195. 2-bedroom rentals prices have increased by $68 (4.46%) year-over-year from $1,532 to $1,600. 3-bedroom rentals prices have increased by $213 (10.77%) year-over-year from $1,982 to $2,195. 4-bedroom rentals prices have increased by $183 (6.97%) year-over-year from $2,618 to $2,800. 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 6.14% this month. 1-bedroom rents have gone down by 1.58% this month. 2-bedroom rents have gone up by 0.52% this month. 3-bedroom rents have gone up by 6.30% this month. 4-bedroom rents have gone up by 3.38% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.09	$1,045	$1,288 (-18.83%)	$1,549 (-32.52%)
1 BR	$1.84	$1,195	$1,165 (2.58%)	$1,062 (12.56%)
2 BR	$1.48	$1,600	$1,532 (4.46%)	$1,277 (25.33%)
3 BR	$1.39	$2,195	$1,982 (10.77%)	$1,698 (29.24%)
4+ BR	$1.24	$2,800	$2,618 (6.97%)	$2,240 (25.00%)

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 8 cities nearby Las Vegas. The average rent in Las Vegas is currently $2,225 per month. A total of 4 cities nearby have 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 Las Vegas, NV is Summerlin South, NV. Monthly rents here are on average $3,150 per month.

Let's compare Las Vegas, NV's rent against other top cities nearby by bedroom size. One bedrooms are about 21.06% more affordable. Two bedrooms in Las Vegas, NV are about 1.92% more expensive. Finally, rent for three bedrooms are about 6.32% more expensive. Want more information? Check out the top 8 cities near Las Vegas, NV in the following chart.

City	Studio	1 Bed	2 Bed	All
Sunrise Manor, NV	N/A	$1,073	$1,225	$1,550
Paradise, NV	$2,025	$1,600	$1,600	$2,025
North Las Vegas, NV	N/A	$900	$1,350	$2,100
Spring Valley, NV	N/A	$1,300	$1,500	$2,150
Enterprise, NV	N/A	$1,545	$1,725	$2,300
Henderson, NV	$1,643	$1,600	$1,895	$2,395
Winchester, NV	N/A	$2,200	$3,050	$2,900
Summerlin South, NV	N/A	N/A	$2,600	$3,150

Top Neighborhoods Near Las Vegas

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

The average rent for these 10 neighborhoods in or near Las Vegas, NV is currently around $2,338 per month. A total of 4 neighborhoods have a lower average rent. Meaning, only six neighborhoods have a higher average rent than $2,338. Interestingly, the neighborhoods' average rent is higher than Las Vegas's average rent, which is only $2,250. Out of all the neighborhoods in or near Las Vegas, Downtown Las Vegas has the most affordable average rent at $1,800 per month. Whereas, at $2,950 average rent per month, The Strip 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	$1,095	$1,575	$2,400	$1,800
Silverado Ranch, Paradise, NV	N/A	$1,510	$1,799	$2,000
Mountain Edge, Enterprise, NV	N/A	N/A	$1,950	$2,250
Winchester, NV	N/A	$2,100	$2,750	$2,250
Green Valley South, Henderson, NV	N/A	N/A	$1,700	$2,300
Rhodes Ranch, Spring Valley, NV	N/A	$1,390	$1,650	$2,375
Green Valley North, Henderson, NV	N/A	N/A	$1,725	$2,400
Southern Highlands, Enterprise, NV	N/A	N/A	N/A	$2,513
Mira Villas, Las Vegas, NV	N/A	N/A	$1,873	$2,650
The Strip, Paradise, NV	$2,200	$2,098	$3,500	$2,950

Top Counties Near Las Vegas

There are a total of 10 counties located by Las Vegas, NV. The average rent for rentals in these counties is $2,250. 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 $2,250. Vice versa, with an average rent of $2,250, Clark, NV is the most expensive county by Las Vegas, NV.

Typically, rent for studios in Las Vegas, NV is 26.74% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Las Vegas, NV is 11.70% more affordable than other counties nearby. Finally, rent for two bedrooms in Las Vegas, NV is 2.65% 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	$1,458	$1,313	$1,650	$2,250

Top Zipcodes Near Las Vegas

There are a total of 41 zipcodes in or near Las Vegas, NV. The average rent for all of these zipcodes is $2,250. A total of 21 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 Las Vegas, NV is $904 per month. Or in other words, $0 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,725 per month. Which comes out to $2 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	$1,700	$2,000	$2,500
89117, Las Vegas, NV	N/A	N/A	$1,585	$2,750
89148, Clark County, NV	N/A	N/A	$1,650	$2,300
89113, Spring Valley, NV	N/A	$1,350	$1,600	$2,280
89128, Las Vegas, NV	N/A	$1,195	$1,500	$2,200
89135, Clark County, NV	N/A	N/A	$2,600	$3,150
89178, Enterprise, NV	N/A	N/A	$1,725	$2,250
89139, Enterprise, NV	N/A	N/A	$2,500	$2,450
89011, Henderson, NV	$1,800	$1,680	$2,175	$2,300
89129, Clark County, NV	N/A	$1,325	$1,800	$2,100

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 $2,250. 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 $1,150 and an average price per square feet of $2.09. There are a total of 24 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 $1,175 and an average price per square feet of $1.84. There are a total of 82 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 $1,695 and an average price per square feet of $1.48. There are a total of 277 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 -0.19%, one bedroom rental prices have changed by 0.03%, two bedroom rental prices have changed by 0.04%, and three bedroom rental prices have changed by 0.11% year-over-year.

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

A reasonable rent price in Las Vegas, NV is around $1,800/month. You can search for these reasonably priced rental listings on RentHop.