Average Rent in Las Vegas, NV

Current Versus Historical Las Vegas, NV Rents

Las Vegas rentals average $1,195 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 May 2024, median rents have fallenover the last year. Studio rentals prices have increased by $88 (7.98%) year-over-year from $1,107 to $1,195. 1-bedroom rentals prices have decreased by $86 (-7.09%) year-over-year from $1,211 to $1,125. 2-bedroom rentals prices have increased by $144 (9.27%) year-over-year from $1,556 to $1,700. 3-bedroom rentals prices have increased by $203 (10.18%) year-over-year from $1,997 to $2,200. 4-bedroom rentals prices have increased by $301 (11.36%) year-over-year from $2,649 to $2,950. 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 up by 7.92% this month. 1-bedroom rents have gone down by 5.20% this month. 2-bedroom rents have gone up by 4.62% this month. 3-bedroom rents have gone up by 4.76% this month. 4-bedroom rents have gone up by 8.59% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$1.96	$1,195	$1,107 (7.98%)	$1,520 (-21.37%)
1 BR	$1.60	$1,125	$1,211 (-7.09%)	$1,063 (5.83%)
2 BR	$1.50	$1,700	$1,556 (9.27%)	$1,292 (31.61%)
3 BR	$1.39	$2,200	$1,997 (10.18%)	$1,755 (25.36%)
4+ BR	$1.28	$2,950	$2,649 (11.36%)	$2,281 (29.31%)

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 $2,250 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 Winchester, NV. Monthly rents here are on average $2,850 per month.

Let's compare Las Vegas, NV's rent against other top cities nearby by bedroom size. One bedrooms are about 17.39% more affordable. Two bedrooms in Las Vegas, NV are about 1.09% more expensive. Finally, rent for three bedrooms are about 4.44% 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	$1,195	$1,200	$1,550
Paradise, NV	$2,000	$1,450	$1,700	$2,050
North Las Vegas, NV	N/A	$900	$1,350	$2,100
Spring Valley, NV	N/A	$1,250	$1,595	$2,150
Henderson, NV	$1,375	$1,473	$1,885	$2,350
Enterprise, NV	N/A	$1,550	$1,713	$2,395
Summerlin South, NV	N/A	N/A	$2,700	$2,800
Winchester, NV	N/A	$1,975	$3,000	$2,850

Top Neighborhoods Near Las Vegas

There are a total of 9 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 9 neighborhoods in or near Las Vegas, NV in the following chart.

The average rent for these 9 neighborhoods in or near Las Vegas, NV is currently around $2,400 per month. A total of 3 neighborhoods have a lower average rent. Meaning, only six neighborhoods have a higher average rent than $2,400. 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 $1,550 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	$1,195	$1,175	$2,295	$1,550
Silverado Ranch, Paradise, NV	N/A	$1,385	$1,795	$2,000
Mountain Edge, Enterprise, NV	N/A	N/A	$2,200	$2,200
Green Valley South, Henderson, NV	N/A	N/A	$1,700	$2,300
Rhodes Ranch, Spring Valley, NV	N/A	$1,495	$1,650	$2,400
Green Valley North, Henderson, NV	N/A	N/A	$1,748	$2,413
Mira Villas, Las Vegas, NV	N/A	N/A	$1,850	$2,425
Southern Highlands, Enterprise, NV	N/A	N/A	N/A	$2,500
The Strip, Paradise, NV	$2,150	$2,100	$3,725	$2,950

Top Counties Near Las Vegas

There are a total of 9 counties located by Las Vegas, NV. The average rent for rentals in these counties is $2,235. 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 $2,235. Vice versa, with an average rent of $2,235, Clark, NV is the most expensive county by Las Vegas, NV.

Typically, rent for studios in Las Vegas, NV is 32.85% 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 1.74% 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	$1,588	$1,250	$1,695	$2,235

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 22 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 $3,225 per month is 89124, Clark County, NV.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Las Vegas, NV is $1,138 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,698 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	$1,695	$2,000	$2,450
89117, Las Vegas, NV	N/A	$1,223	$1,650	$2,473
89148, Clark County, NV	N/A	N/A	$1,873	$2,400
89113, Spring Valley, NV	N/A	$1,340	$1,600	$2,425
89128, Las Vegas, NV	N/A	$1,195	$1,550	$2,123
89135, Clark County, NV	N/A	N/A	$2,700	$2,800
89178, Enterprise, NV	N/A	N/A	$1,695	$2,250
89139, Enterprise, NV	N/A	N/A	$2,725	$2,400
89011, Henderson, NV	$1,538	$1,900	$1,950	$2,285
89129, Clark County, NV	N/A	$1,300	$1,750	$2,250

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 $1,195 and an average price per square feet of $1.96. There are a total of 19 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 $1,150 and an average price per square feet of $1.60. There are a total of 79 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 $1,725 and an average price per square feet of $1.50. There are a total of 275 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 0.08%, one bedroom rental prices have changed by -0.07%, two bedroom rental prices have changed by 0.09%, and three bedroom rental prices have changed by 0.10% 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.