Average Rent in The Strip, Paradise, NV

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Current Versus Historical The Strip, Paradise, NV Rents

The Strip rentals average $2,200 for a studio rental to $5,500 for a 3-bedroom rental. The median price of all currently available listings is $3,000, or roughly $3 per square feet.
For the apartment units and housing in April 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $275 (14.29%) year-over-year from $1,925 to $2,200. 1-bedroom rentals prices have increased by $417 (18.73%) year-over-year from $2,228 to $2,645. 2-bedroom rentals prices have increased by $96 (2.92%) year-over-year from $3,291 to $3,388. 3-bedroom rentals prices have decreased by $1,189 (-17.78%) year-over-year from $6,689 to $5,500. 4-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $12,000 to $12,000. 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 4.77% this month. 1-bedroom rents have gone up by 12.01% this month. 2-bedroom rents have gone up by 15.13% this month. 3-bedroom rents have gone down by 1.58% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.77 $2,200 $1,925 (14.29%) $1,593 (38.15%)
1 BR $2.74 $2,645 $2,228 (18.73%) $1,751 (51.06%)
2 BR $2.16 $3,388 $3,291 (2.92%) $2,343 (44.56%)
3 BR $3.17 $5,500 $6,689 (-17.78%) $5,475 (0.45%)

Historical Rents in The Strip, Paradise, NV

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near The Strip

There are a total of 10 cities nearby The Strip. The average rent in The Strip is currently $2,199 per month. A total of 9 cities nearby have an average rent lower than that. Our records show that Sunrise Manor, NV, with an average rent of $1,573, is the most affordable city nearby. In contrast, the most expensive city near The Strip, Paradise, NV is Summerlin South, NV. Monthly rents here are on average $3,150 per month.

Let's compare The Strip, Paradise, NV's rent against other top cities nearby by bedroom size. One bedrooms are about 49.80% more expensive. Two bedrooms in The Strip, Paradise, NV are about 53.60% more expensive. Finally, rent for three bedrooms are about 60.73% more expensive. Want more information? Check out the top 10 cities near The Strip, Paradise, NV in the following chart.
City Studio 1 Bed 2 Bed All
Sunrise Manor, NV N/A $1,050 $1,200 $1,573
Whitney, NV N/A $1,195 $1,320 $1,850
Paradise, NV $2,200 $1,585 $1,600 $2,000
Spring Valley, NV N/A $1,295 $1,550 $2,150
North Las Vegas, NV N/A $900 $1,350 $2,173
Las Vegas, NV $1,150 $1,175 $1,650 $2,225
Enterprise, NV N/A $1,400 $1,750 $2,300
Henderson, NV $1,575 $1,525 $1,850 $2,399
Winchester, NV N/A $2,200 $3,000 $2,820
Summerlin South, NV N/A N/A $2,800 $3,150

Top Neighborhoods Near The Strip

There are a total of 10 neighborhoods in or near The Strip. 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 The Strip, Paradise, NV in the following chart.

The average rent for these 10 neighborhoods in or near The Strip, Paradise, NV is currently around $2,275 per month. A total of 10 neighborhoods have a lower average rent. Out of all the neighborhoods in or near The Strip, Downtown Las Vegas has the most affordable average rent at $1,800 per month. Whereas, at $2,650 average rent per month, Mira Villas is the most expensive neighborhood in or near The Strip. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Downtown Las Vegas, Las Vegas, NV $1,095 $1,800 $2,298 $1,800
Silverado Ranch, Paradise, NV N/A $1,523 $1,850 $2,000
Mountain Edge, Enterprise, NV N/A N/A $2,000 $2,198
MacDonald Ranch, Henderson, NV N/A N/A $1,675 $2,200
Winchester, NV N/A $2,050 $2,623 $2,250
Green Valley South, Henderson, NV N/A N/A $1,675 $2,300
Rhodes Ranch, Spring Valley, NV N/A $1,300 $1,598 $2,300
Green Valley North, Henderson, NV N/A N/A $1,750 $2,500
Southern Highlands, Enterprise, NV N/A N/A N/A $2,595
Mira Villas, Las Vegas, NV N/A N/A $1,850 $2,650

Top Counties Near The Strip

There are a total of 10 counties located by The Strip, Paradise, 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 The Strip, Paradise, NV.

Typically, rent for studios in The Strip, Paradise, NV is 37.39% more expensive than other counties nearby. In comparison, rent for one bedroom listings in The Strip, Paradise, NV is 47.58% more expensive than other counties nearby. Finally, rent for two bedrooms in The Strip, Paradise, NV is 52.88% 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 $1,378 $1,300 $1,650 $2,250

Top Zipcodes Near The Strip

There are a total of 36 zipcodes in or near The Strip, Paradise, NV. The average rent for all of these zipcodes is $2,200. A total of 34 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 The Strip, Paradise, NV is $1,025 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,700 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in The Strip, Paradise, NV. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
89109, Paradise, NV $2,200 $2,800 $3,502 $3,250
89169, Paradise, NV N/A $1,475 $2,095 $1,850
89119, Paradise, NV N/A $875 $1,300 $1,300
89103, Paradise, NV N/A $1,173 $1,395 $1,500
89102, Las Vegas, NV $1,200 $1,100 $1,600 $2,038
89118, Spring Valley, NV N/A $1,200 $1,595 $1,765
89121, Paradise, NV N/A $1,413 $1,300 $1,800
89101, Las Vegas, NV $1,095 $1,800 $1,550 $1,550
89123, Paradise, NV N/A $1,400 $1,700 $2,100
89117, Las Vegas, NV N/A $1,275 $1,563 $2,975

Frequently Asked Questions - The Strip Average Rents

What is the average rent price in The Strip, Paradise, NV?
The average monthly rental price for The Strip, Paradise, NV apartments for rent is approximately $3,000. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do The Strip, Paradise, 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 The Strip, Paradise, NV.
How much is a studio apartment in The Strip, Paradise, NV?
The average monthly rental price for studio apartments is $2,200 and an average price per square feet of $3.77. There are a total of 8 studio apartment listings currently available for rent in The Strip.
How much is a one bedroom apartment in The Strip, Paradise, NV?
The average monthly rental price for one bedroom apartments is $2,480 and an average price per square feet of $2.74. There are a total of 25 one bedroom apartment listings currently available for rent in The Strip.
How much is a two bedroom apartment in The Strip, Paradise, NV?
The average monthly rental price for two bedroom apartments is $3,502 and an average price per square feet of $2.16. There are a total of 39 two bedroom apartment listings currently available for rent in The Strip.
How have rent prices in The Strip, Paradise, NV changed this year?
Rent prices for rentals in The Strip, Paradise, NV can fluctuate yearly. Specifically, studio rental prices have changed by 0.14%, one bedroom rental prices have changed by 0.19%, two bedroom rental prices have changed by 0.03%, and three bedroom rental prices have changed by -0.18% year-over-year.
What is a reasonable rent price in The Strip, Paradise, NV?
A reasonable rent price in The Strip, Paradise, NV is around $2,400/month. You can search for these reasonably priced rental listings on RentHop.
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