Average Rent in Nevada

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Current Versus Historical Nevada Rents

Nevada rentals average $1,600 for a studio rental to $2,800 for a 4-bedroom rental. The median price of all currently available listings is $2,175, or roughly $1 per square feet.

For the apartment units and housing in July 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $518 (49.52%) year-over-year from $1,047 to $1,565. 1-bedroom rentals prices have increased by $477 (33.93%) year-over-year from $1,407 to $1,884. 2-bedroom rentals prices have increased by $94 (5.86%) year-over-year from $1,606 to $1,700. 3-bedroom rentals prices have increased by $145 (7.27%) year-over-year from $2,000 to $2,145. 4-bedroom rentals prices have increased by $155 (6.09%) year-over-year from $2,550 to $2,705. 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 2.80% this month. 1-bedroom rents have gone up by 9.37% this month. 2-bedroom rents have gone down by 1.21% this month. 3-bedroom rents have gone up by 0.63% this month. 4-bedroom rents have gone up by 1.37% this month.

Beds	Price / Sqft	Jul 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.72	$1,565	$1,047 (49.52%)	$1,401 (11.72%)
1 BR	$1.79	$1,884	$1,407 (33.93%)	$1,560 (20.80%)
2 BR	$1.46	$1,700	$1,606 (5.86%)	$1,573 (8.05%)
3 BR	$1.34	$2,145	$2,000 (7.27%)	$1,865 (15.01%)
4+ BR	$1.17	$2,705	$2,550 (6.09%)	$2,383 (13.50%)

Historical Rents in Nevada

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Nevada

There are a total of 13 cities nearby Nevada. The average rent in Nevada is currently $2,300 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 $1,350, is the most affordable city nearby. In contrast, the most expensive city near Nevada is San Francisco, CA. Monthly rents here are on average $3,648 per month.

Let's compare Nevada's rent against other top cities nearby by bedroom size. Typically, rent for studios in Nevada is 17.69% more affordable than other cities nearby. One bedrooms are about 15.38% more affordable. Two bedrooms in Nevada are about 14.13% more affordable. Finally, rent for three bedrooms are about 1.15% more affordable. Want more information? Check out the top 10 cities out of 13 total cities near Nevada in the following chart.

City	Studio	1 Bed	2 Bed	All
Sunrise Manor, NV	N/A	$1,000	$1,150	$1,350
Paradise, NV	$2,199	$1,798	$1,700	$2,000
Spring Valley, NV	N/A	$1,295	$1,545	$2,023
North Las Vegas, NV	N/A	$950	$1,610	$2,100
Las Vegas, NV	$1,195	$1,250	$1,650	$2,195
Enterprise, NV	N/A	$1,500	$1,725	$2,300
Henderson, NV	$2,075	$1,350	$1,825	$2,350
Summerlin South, NV	N/A	N/A	$2,300	$2,723
Los Angeles, CA	$2,194	$2,736	$3,689	$2,953
Huntington Beach, CA	$2,374	$2,853	$3,517	$3,062

Top Neighborhoods Near Nevada

There are a total of 12 neighborhoods in or near Nevada. Some of these neighborhoods include Downtown Las Vegas, Silverado Ranch, and Mountain Edge. We've included all of these top 12 neighborhoods in or near Nevada in the following chart.

The average rent for these 12 neighborhoods in or near Nevada is currently around $2,491 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only ten neighborhoods have a higher average rent than $2,491. Interestingly, the neighborhoods' average rent is higher than Nevada's average rent, which is only $2,175. Out of all the neighborhoods in or near Nevada, Downtown Las Vegas has the most affordable average rent at $1,600 per month. Whereas, at $3,763 average rent per month, South of Market is the most expensive neighborhood in or near Nevada. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Downtown Las Vegas, Las Vegas, NV	$1,095	$1,800	$1,400	$1,600
Silverado Ranch, Paradise, NV	N/A	$2,213	$1,950	$2,100
Mountain Edge, Enterprise, NV	N/A	N/A	N/A	$2,198
Rhodes Ranch, Spring Valley, NV	N/A	$1,798	$1,600	$2,250
Green Valley North, Henderson, NV	N/A	N/A	$1,650	$2,323
Mira Villas, Las Vegas, NV	N/A	N/A	$1,985	$2,397
Wilshire Center - Koreatown, Los Angeles, CA	$2,225	$2,461	$3,301	$2,584
Southern Highlands, Enterprise, NV	N/A	N/A	$2,200	$2,713
The Strip, Paradise, NV	$2,199	$2,498	$3,200	$2,790
Mesa Verde, Costa Mesa, CA	$2,095	$2,594	$3,375	$2,905
Venice, Los Angeles, CA	$2,209	$3,125	$3,894	$3,257
South of Market, San Francisco, CA	$2,970	$3,745	$5,177	$3,763

Top Counties Near Nevada

There are a total of 12 counties located by Nevada. Some of these counties include Clark, NV, Maricopa, AZ, and San Bernardino, CA. The average rent for rentals in these counties is $2,839. That's roughly around $3 per sqft. The county that is the most affordable is Clark, NV. It's average rent per month is $2,195. Vice versa, with an average rent of $3,648, San Francisco, CA is the most expensive county by Nevada.

Typically, rent for studios in Nevada is 32.88% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Nevada is 100.79% more affordable than other counties nearby. Finally, rent for two bedrooms in Nevada is 108.38% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Clark, NV	$1,600	$1,300	$1,600	$2,195
Maricopa, AZ	N/A	$2,100	$1,875	$2,399
San Bernardino, CA	N/A	$2,255	$2,783	$2,660
Orange, CA	$2,043	$2,533	$3,213	$2,706
San Diego, CA	$2,269	$2,614	$3,228	$2,810
Los Angeles, CA	$2,209	$2,607	$3,476	$2,868
Alameda, CA	$2,460	$2,707	$3,436	$2,915
San Mateo, CA	$2,456	$2,881	$3,514	$3,184
Santa Clara, CA	N/A	$2,848	$3,547	$3,194
San Francisco, CA	$2,888	$3,580	$5,097	$3,648

Top Zipcodes Near Nevada

There are a total of 25 zipcodes in or near Nevada. The average rent for all of these zipcodes is $2,295. A total of 7 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 89103, Paradise, NV at $1,485 per month. In comparison, the zipcode with the most expensive average rent of $4,585 per month is 94105, San Francisco, CA.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Nevada is $1,350 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,875 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Nevada. 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	$1,423	$2,100	$2,473
89117, Las Vegas, NV	N/A	$1,525	$1,598	$2,495
89148, Clark County, NV	N/A	$1,798	$1,875	$2,295
89128, Las Vegas, NV	N/A	$1,298	$1,578	$2,100
89113, Spring Valley, NV	N/A	$1,350	$1,595	$2,200
89178, Enterprise, NV	N/A	N/A	$1,750	$2,200
89135, Clark County, NV	N/A	N/A	$2,300	$2,800
89139, Enterprise, NV	N/A	$1,950	$2,998	$2,295
89011, Henderson, NV	$2,075	$1,575	$2,150	$2,300
89129, Clark County, NV	N/A	N/A	$1,650	$2,195

Frequently Asked Questions - Nevada Average Rents

What is the average rent price in Nevada?

The average monthly rental price for Nevada apartments for rent is approximately $2,175. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Nevada 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 Nevada.

How much is a studio apartment in Nevada?

The average monthly rental price for studio apartments is $1,600 and an average price per square feet of $2.72. There are a total of 28 studio apartment listings currently available for rent in Nevada.

How much is a one bedroom apartment in Nevada?

The average monthly rental price for one bedroom apartments is $1,300 and an average price per square feet of $1.79. There are a total of 281 one bedroom apartment listings currently available for rent in Nevada.

How much is a two bedroom apartment in Nevada?

The average monthly rental price for two bedroom apartments is $1,599 and an average price per square feet of $1.46. There are a total of 957 two bedroom apartment listings currently available for rent in Nevada.

How have rent prices in Nevada changed this year?

Rent prices for rentals in Nevada can fluctuate yearly. Specifically, studio rental prices have changed by 0.50%, one bedroom rental prices have changed by 0.34%, two bedroom rental prices have changed by 0.06%, and three bedroom rental prices have changed by 0.07% year-over-year.

What is a reasonable rent price in Nevada?

A reasonable rent price in Nevada is around $1,740/month. You can search for these reasonably priced rental listings on RentHop.