Average Rent in Las Vegas, NV

Current Versus Historical Las Vegas, NV Rents

Las Vegas rentals average $1,208 for a studio rental to $2,900 for a 4-bedroom rental. The median price of all currently available listings is $1,995, or roughly $16 per square feet.

For the apartment units and housing in March 2023, median rents have fallenover the last year. Studio rentals prices have decreased by $224 (-15.66%) year-over-year from $1,432 to $1,208. 1-bedroom rentals prices have decreased by $65 (-5.35%) year-over-year from $1,215 to $1,150. 2-bedroom rentals prices have decreased by $78 (-4.87%) year-over-year from $1,608 to $1,530. 3-bedroom rentals prices have decreased by $33 (-1.62%) year-over-year from $2,033 to $2,000. 4-bedroom rentals prices have increased by $387 (16.02%) year-over-year from $2,413 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 2.49% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone up by 1.32% this month. 3-bedroom rents have gone up by 2.56% this month. 4-bedroom rents have gone up by 7.80% this month.

Beds	Price / Sqft	Mar 2023 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$36	$1,208	$1,432 (-15.66%)	$658 (83.65%)
1 BR	$23	$1,150	$1,215 (-5.35%)	$920 (25.00%)
2 BR	$17	$1,530	$1,608 (-4.87%)	$1,132 (35.22%)
3 BR	$16	$2,000	$2,033 (-1.62%)	$1,482 (34.98%)
4+ BR	$14	$2,800	$2,413 (16.02%)	$1,828 (53.14%)

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 $1,988 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 $2,650 per month.

Let's compare Las Vegas, NV's rent against other top cities nearby by bedroom size. One bedrooms are about 3.10% more affordable. Two bedrooms in Las Vegas, NV are about 1.59% more affordable. Finally, rent for three bedrooms are about 0.25% more expensive. 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	$1,398	$1,150	$1,350	$1,595
Whitney, NV	N/A	$1,232	$1,460	$1,775
Paradise, NV	$1,607	$1,363	$1,600	$1,882
Spring Valley, NV	N/A	$1,200	$1,500	$1,985
North Las Vegas, NV	N/A	$1,113	$1,445	$1,988
Enterprise, NV	$2,057	$1,500	$1,695	$2,250
Henderson, NV	$800	$1,425	$1,797	$2,295
Winchester, NV	N/A	$1,648	$2,725	$2,450
Summerlin South, NV	N/A	N/A	$2,500	$2,650

Top Neighborhoods Near Las Vegas

There are a total of 11 neighborhoods in or near Las Vegas. Some of these neighborhoods include Downtown Las Vegas, Green Valley South, and Rhodes Ranch. We've included all of these top 11 neighborhoods in or near Las Vegas, NV in the following chart.

The average rent for these 11 neighborhoods in or near Las Vegas, NV is currently around $2,200 per month. A total of one neighborhood has a lower average rent. Meaning, only ten 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 $1,995. Out of all the neighborhoods in or near Las Vegas, Downtown Las Vegas has the most affordable average rent at $1,195 per month. Whereas, at $2,800 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	$1,101	$1,150	$1,350	$1,195
Green Valley South, Henderson, NV	N/A	$1,325	$1,575	$2,150
Rhodes Ranch, Spring Valley, NV	N/A	$1,323	$1,550	$2,195
Mountain Edge, Enterprise, NV	N/A	N/A	$1,895	$2,195
Silverado Ranch, Paradise, NV	N/A	$1,150	$1,600	$2,200
Winchester, NV	N/A	$1,755	$2,495	$2,200
Mira Villas, Las Vegas, NV	N/A	N/A	$1,700	$2,300
Green Valley North, Henderson, NV	N/A	N/A	$1,638	$2,325
Green Valley Ranch, Henderson, NV	N/A	N/A	$1,995	$2,400
Southern Highlands, Enterprise, NV	N/A	N/A	N/A	$2,500
The Strip, Paradise, NV	$2,000	$2,523	$4,299	$2,800

Top Counties Near Las Vegas

There are a total of 11 counties located by Las Vegas, NV. The average rent for rentals in these counties is $2,000. That's roughly around $16 per sqft. The county that is the most affordable is Clark, NV. It's average rent per month is $2,000. Vice versa, with an average rent of $2,000, Clark, NV is the most expensive county by Las Vegas, NV.

Typically, rent for studios in Las Vegas, NV is 11.39% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Las Vegas, NV is 8.70% more affordable than other counties nearby. Finally, rent for two bedrooms in Las Vegas, NV is 1.27% 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	$1,345	$1,299	$1,595	$2,000

Top Zipcodes Near Las Vegas

There are a total of 42 zipcodes in or near Las Vegas, NV. The average rent for all of these zipcodes is $1,998. 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 89101, Las Vegas, NV at $1,150 per month. In comparison, the zipcode with the most expensive average rent of $3,490 per month is 89138, Las Vegas, NV.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Las Vegas, NV is $1,160 per month. Or in other words, $19 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,635 per month. Which comes out to $17 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	$1,500	$1,900	$2,588
89148, Clark County, NV	N/A	N/A	$1,623	$2,195
89113, Spring Valley, NV	N/A	$1,295	$1,550	$2,048
89123, Paradise, NV	N/A	$1,495	$1,650	$1,963
89147, Spring Valley, NV	N/A	$1,195	$1,700	$1,895
89117, Las Vegas, NV	N/A	N/A	$1,495	$1,995
89128, Las Vegas, NV	N/A	$1,170	$1,595	$1,885
89031, North Las Vegas, NV	N/A	N/A	$1,475	$2,000
89011, Henderson, NV	N/A	$1,745	$1,860	$2,250
89178, Enterprise, NV	N/A	N/A	$1,865	$2,200

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 $1,995. 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 $1,208 and an average price per square feet of $36.18. There are a total of 30 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 $1,195 and an average price per square feet of $23.00. There are a total of 115 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 $1,575 and an average price per square feet of $16.83. There are a total of 358 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 -0.16%, one bedroom rental prices have changed by -0.05%, two bedroom rental prices have changed by -0.05%, and three bedroom rental prices have changed by -0.02% year-over-year.

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

A reasonable rent price in Las Vegas, NV is around $1,596/month. You can search for these reasonably priced rental listings on RentHop.