Average Rent in The Strip, Paradise, NV

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Current Versus Historical The Strip, Paradise, NV Rents

The Strip rentals average $2,250 for a studio rental to $7,200 for a 3-bedroom rental. The median price of all currently available listings is $2,975, or roughly $3 per square feet.
For the apartment units and housing in March 2024, median rents have risen over the last year. Studio rentals prices have increased by $342 (18.39%) year-over-year from $1,858 to $2,200. 1-bedroom rentals prices have increased by $171 (7.86%) year-over-year from $2,180 to $2,351. 2-bedroom rentals prices have increased by $266 (9.28%) year-over-year from $2,869 to $3,135. 3-bedroom rentals prices have decreased by $3,689 (-40.15%) year-over-year from $9,189 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 7.32% this month. 1-bedroom rents have gone up by 2.37% this month. 2-bedroom rents have gone up by 9.95% this month. 3-bedroom rents have gone down by 0.15% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.91 $2,200 $1,858 (18.39%) $1,579 (39.31%)
1 BR $3.45 $2,351 $2,180 (7.86%) $1,583 (48.48%)
2 BR $2.16 $3,135 $2,869 (9.28%) $2,017 (55.45%)
3 BR $3.23 $5,500 $9,189 (-40.15%) $5,758 (-4.49%)

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 $2,200 per month. A total of 10 cities nearby have an average rent lower than that. Our records show that Sunrise Manor, NV, with an average rent of $1,638, 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 $2,875 per month.

Let's compare The Strip, Paradise, NV's rent against other top cities nearby by bedroom size. One bedrooms are about 57.97% more expensive. Two bedrooms in The Strip, Paradise, NV are about 49.22% more expensive. Finally, rent for three bedrooms are about 69.79% 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 $1,095 $1,195 $1,638
Whitney, NV N/A $1,095 $1,390 $1,850
Paradise, NV $2,200 $1,650 $1,650 $2,010
North Las Vegas, NV N/A $900 $1,395 $2,145
Spring Valley, NV N/A $1,213 $1,550 $2,200
Las Vegas, NV $1,313 $1,225 $1,600 $2,200
Enterprise, NV N/A $1,350 $1,795 $2,275
Henderson, NV $1,588 $1,495 $1,800 $2,395
Winchester, NV N/A $2,000 $2,995 $2,600
Summerlin South, NV N/A N/A $2,800 $2,875

Top Neighborhoods Near The Strip

There are a total of 9 neighborhoods in or near The Strip. Some of these neighborhoods include Silverado Ranch, Downtown Las Vegas, and Mountain Edge. We've included all of these top 9 neighborhoods in or near The Strip, Paradise, NV in the following chart.

The average rent for these 9 neighborhoods in or near The Strip, Paradise, NV is currently around $2,300 per month. A total of 9 neighborhoods have a lower average rent. Out of all the neighborhoods in or near The Strip, Silverado Ranch has the most affordable average rent at $1,999 per month. Whereas, at $2,800 average rent per month, Southern Highlands is the most expensive neighborhood in or near The Strip. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Silverado Ranch, Paradise, NV N/A $1,395 $1,825 $1,999
Downtown Las Vegas, Las Vegas, NV $1,500 $2,200 $2,250 $2,145
Mountain Edge, Enterprise, NV N/A N/A $2,000 $2,200
Winchester, NV N/A $1,450 $2,623 $2,275
Rhodes Ranch, Spring Valley, NV N/A $1,350 $1,565 $2,300
Green Valley South, Henderson, NV N/A N/A $1,650 $2,400
Mira Villas, Las Vegas, NV N/A N/A $1,998 $2,575
Green Valley North, Henderson, NV N/A $1,210 $1,713 $2,795
Southern Highlands, Enterprise, NV N/A N/A N/A $2,800

Top Counties Near The Strip

There are a total of 9 counties located by The Strip, Paradise, NV. The average rent for rentals in these counties is $2,200. 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 $2,200. Vice versa, with an average rent of $2,200, Clark, NV is the most expensive county by The Strip, Paradise, NV.

Typically, rent for studios in The Strip, Paradise, NV is 20.00% more expensive than other counties nearby. In comparison, rent for one bedroom listings in The Strip, Paradise, NV is 55.17% more expensive than other counties nearby. Finally, rent for two bedrooms in The Strip, Paradise, NV is 48.44% 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 $1,800 $1,300 $1,650 $2,200

Top Zipcodes Near The Strip

There are a total of 37 zipcodes in or near The Strip, Paradise, NV. The average rent for all of these zipcodes is $2,200. A total of 35 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 $1,363 per month. In comparison, the zipcode with the most expensive average rent of $3,500 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 $975 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,690 per month. Which comes out to $1 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 $2,650 $3,551 $3,200
89169, Paradise, NV N/A $1,500 $1,995 $1,950
89119, Paradise, NV N/A $910 $1,375 $1,363
89103, Paradise, NV $2,100 $1,198 $1,397 $1,450
89102, Las Vegas, NV N/A $1,408 $1,800 $2,043
89118, Spring Valley, NV N/A $1,150 $1,625 $1,790
89121, Paradise, NV N/A $1,523 $1,300 $1,848
89104, Las Vegas, NV $1,195 $950 $1,348 $1,485
89101, Las Vegas, NV $2,050 $2,200 $1,550 $1,999
89123, Paradise, NV N/A $1,350 $1,690 $2,000

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 $2,975. 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 $2,250 and an average price per square feet of $3.91. There are a total of 6 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 $2,900 and an average price per square feet of $3.45. There are a total of 27 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 $3,200 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 0.18%, one bedroom rental prices have changed by 0.08%, two bedroom rental prices have changed by 0.09%, and three bedroom rental prices have changed by -0.40% 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 $2,380/month. You can search for these reasonably priced rental listings on RentHop.
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