Most people think of Las Vegas and gambling when they think of Nevada but Reno is the main city in northern Nevada and the community was officially established in 1868. Comprised of 78 different neighborhoods, it’s a mix of both old and new since it’s still growing as a city.
As a result of that continued growth and proximity to major employers including Tesla, apartment rental rates have been inching north. Here are five Reno neighborhoods in which rent for one-bedroom apartments has been increasing over the past year.
5. Double R Blvd
Photo courtesy of The Enclave
- Price increase over the past year: 3.59 percent
- Average rent for one-bedroom in Double R Blvd: $1,347
Live among the mountains and major employers like Tesla and Switch in this south Reno neighborhood, Double R Blvd. The area gets its name because Double R Boulevard literally runs through it and its close proximity to Interstate 580 makes it easy to get around to other neighborhoods throughout Reno and beyond. While there are plenty of local eateries and entertainment in and around the area, residents can head to Lake Tahoe for more options.
Double R Blvd’s proximity to Tesla Gigafactory in Sparks, NV, has been part of the reason apartment rents have been increasing. A one-bedroom can be found for $1,347 in Double R Blvd area, almost 4 percent greater than last year.
Fun Fact: Double R Blvd residents are just 7 miles or 13 minutes away from Reno-Tahoe International Airport.
Photo courtesy of Sky Vista Commons North & South
- Price increase over the past year: 4.95 percent
- Average rent for one-bedroom in Stead: $1,134
More of a rural part of Reno, Stead is on the northwest part of the city and east of Peavine Mountain. It’s also part of the North Valleys, which includes other smaller communities such as Lemmon Valley, Golden Valley, Panther Valley, Cold Springs and Red Rock.
Most of the homes were built between 1970 and 1999 and there are a number of members of the military or those who formerly served who reside here. Residents take advantage of the camping and fishing that nearby that Silver Lake affords them.
The neighborhood has seen rising rents. A one-bedroom can be had for $1,134 in Stead, an increase of nearly 5 percent from last year.
Fun Fact: Located within the area is the Sierra Safari Zoo, a seasonal zoo that features zebras, lemurs, monkeys and large cats.
3. Mae Anne Avenue
Photo courtesy of Vida Luxury Living
- Price increase over the past year: 5.25 percent
- Average rent for one-bedroom in Mae Anne Avenue: $1,263
Located in northwest Reno, Mae Anne Avenue is also west of the University of Nevada, Reno. About nine minutes and fewer than five miles, to be exact. It’s close proximity to the campus allows many students to take advantage of living in the area without being right on campus.
Being near Interstate 80 and 580 also makes it particularly easy to get around Reno and northern California. Rents have been rising in this northwest community. In just one year, rents have increased by more than 5 percent, bringing a one-bedroom to approximately $1,263 per month.
Fun Fact: The California border is a quick 10-minute and 10-mile drive on I-80 from Mae Anne Avenue.
2. Downtown Reno
- Price increase over the past year: 11.95 percent
- Average rent for one-bedroom in Downtown Reno: $1,290
Like many downtowns in major cities, Downtown Reno is filled with entertainment, shopping and excellent dining options. From climbing 164 feet at the Whitney Peak Hotel’s wall to taking in a concert at the Cargo Concert Hall, there’s no shortage of fun to be had. And, yes, there are even casinos.
For those who prefer quiet, the Downtown Reno Library is conveniently located on Center Street and the Truckee River runs through downtown and offers lovely respite among the many parks around it.
While it’s home to many businesses, downtown Reno has been attracting more residents and that’s been helping drive up rents. In the past year alone, rent for a one-bedroom has risen by nearly 12 percent to $1,290 per month.
Fun Fact: The Downtown Reno Library is not only home to thousands of books and other media, it also features hundreds of plants, full-grown trees and a pond with a fountain.
1. Skyline Boulevard
Photo courtesy of Country Club Villas
- Price increase over the past year: 15.13 percent
- Average rent for one-bedroom in Skyline Boulevard: $1,033
Living along Skyline Boulevard on the southwest part of Reno makes it easy to get to shops and entertainment, as well as walking trails.
Rental rates have increased by more than 15 percent along Skyline Boulevard, raising the rent to about $1,033 per month.
Fun Fact: It’s a straight shot to Washoe County Golf Course from Skyline Boulevard, an 18-hole golf course complete with a pro shop and restaurant.
We looked at all neighborhoods in Reno with sufficient available inventory on Apartment Guide and Rent.com and compared the average price from December 2018 to December 2019 to find the neighborhoods with the highest percentage increase in one-bedroom rent prices.
The current rent information included in this article is based on December 2019 multifamily rental property inventory on Apartment Guide and Rent.com and is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.