Rental market trends in Las Vegas, NV
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Average Apartment Cost in Las Vegas, NV
Apartment Rent Ranges in Las Vegas, NV
| Apartment Prices | Proportion | |||
|---|---|---|---|---|
0% | 5% | 18% | 33% | 44% |
Neighborhood Apartment Rent Trends in Las Vegas, NV
| Neighborhood | Studio Avg Rent | Annual Change |
|---|---|---|
| Centennial Hills | $1,409 | +7% |
| Lone Mountain | $1,323 | -16% |
| Pioneer Park | $1,281 | -- |
| Arts District | $1,235 | +55% |
| Founders District | $1,097 | -- |
| Southwest Las Vegas | $1,000 | 0% |
| West Las Vegas | $995 | -- |
| Twin Lakes | $975 | -- |
| Rancho Oakey | $885 | -- |
| Downtown Las Vegas | $877 | +5% |
| Southeast Las Vegas | $875 | +6% |
| Gateway District | $859 | -- |
| Sunrise | $850 | 0% |
| Downtown East | $800 | -6% |
| Neighborhood | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| The Canyons | $2,049 | +18% |
| The Arbors | $2,027 | +23% |
| Summerlin North | $1,968 | +19% |
| Summerlin West | $1,813 | -- |
| The Vistas | $1,813 | -- |
| The Crossing | $1,670 | +7% |
| Centennial Hills Town Center | $1,637 | -- |
| South Shores | $1,550 | -- |
| Peccole Ranch | $1,422 | +2% |
| Centennial Hills | $1,415 | -9% |
| Southwest Las Vegas | $1,386 | +4% |
| Rancho Oakey | $1,381 | +6% |
| Pioneer Park | $1,380 | -- |
| Downtown East | $1,370 | -- |
| Canyon Gate | $1,370 | -1% |
| Rancho | $1,369 | +26% |
| Lone Mountain | $1,367 | -11% |
| Lone Mountain West | $1,367 | -- |
| Angel Park Lindell | $1,345 | +3% |
| West Sahara | $1,325 | -3% |
| Charleston Heights | $1,279 | -2% |
| Southeast Las Vegas | $1,175 | +5% |
| Twin Lakes | $1,175 | -- |
| Downtown Las Vegas | $1,130 | +16% |
| East Las Vegas | $1,130 | +12% |
| Sunrise | $1,040 | +9% |
| Gateway District | $950 | -- |
| Founders District | $867 | -- |
| Huntridge | $850 | -11% |
| West Las Vegas | $800 | +23% |
| Westside Historic District | $750 | -- |
| Neighborhood | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Angel Park Lindell | $2,741 | +86% |
| Skye Canyon | $2,635 | -12% |
| Sun City Summerlin | $2,349 | -- |
| The Canyons | $2,295 | +17% |
| Summerlin North | $2,180 | +11% |
| The Arbors | $2,178 | +13% |
| Centennial Hills Town Center | $2,147 | -2% |
| Summerlin West | $2,008 | -- |
| The Vistas | $2,008 | -- |
| The Crossing | $1,820 | -19% |
| Rancho Oakey | $1,742 | +16% |
| South Shores | $1,717 | -- |
| Centennial Hills | $1,687 | -11% |
| La Madre Foothills | $1,660 | -- |
| Peccole Ranch | $1,632 | 0% |
| The Pueblo | $1,600 | -- |
| Southwest Las Vegas | $1,587 | +5% |
| Rancho | $1,587 | +24% |
| Pioneer Park | $1,585 | -- |
| Downtown East | $1,560 | +64% |
| Canyon Gate | $1,546 | +3% |
| Lone Mountain | $1,530 | -26% |
| Lone Mountain West | $1,520 | -- |
| West Sahara | $1,499 | -2% |
| Arts District | $1,480 | -10% |
| Founders District | $1,400 | -- |
| East Las Vegas | $1,372 | +19% |
| Charleston Heights | $1,370 | -2% |
| Southeast Las Vegas | $1,340 | +5% |
| Downtown Las Vegas | $1,340 | +10% |
| Gateway District | $1,300 | -- |
| Huntridge | $1,250 | -6% |
| Twin Lakes | $1,224 | -- |
| West Las Vegas | $1,200 | +33% |
| Sunrise | $1,153 | -11% |
| Beverly Green | $1,150 | -8% |
How Other Cities Compare to Las Vegas, NV
| City | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Henderson | $1,706 | +2% |
| North Las Vegas | $1,392 | -7% |
| Boulder City | $900 | -15% |
| Pahrump | $850 | -- |
| City | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Henderson | $1,896 | +7% |
| North Las Vegas | $1,639 | +29% |
| Boulder City | $1,360 | +1% |
| Pahrump | $1,250 | +19% |
Las Vegas, NV Rent Trends
| Studio | 1 Bed | 2 Beds | ||||||||||
| Dec 2023 | Jan 2024 | Feb 2024 | Mar 2024 | Apr 2024 | May 2024 | Jun 2024 | Jul 2024 | Aug 2024 | Sep 2024 | Oct 2024 | Nov 2024 | Dec 2024 |
| $870 | $855 | $870 | $872 | $904 | $875 | $867 | $868 | $925 | $937 | $937 | $950 | $925 |
| $1307 | $1318 | $1279 | $1285 | $1280 | $1287 | $1334 | $1259 | $1360 | $1342 | $1353 | $1359 | $1372 |
| $1452 | $1450 | $1424 | $1443 | $1467 | $1483 | $1524 | $1462 | $1563 | $1559 | $1565 | $1564 | $1583 |
| $1775 | $1772 | $1765 | $1779 | $1799 | $1775 | $1798 | $1801 | $1837 | $1817 | $1822 | $1814 | $1814 |
Neighborhood Information for Las Vegas, NV
What are the most affordable neighborhoods in Las Vegas, NV?
The most affordable neighborhoods in Las Vegas are Westside Historic District, where the average 1-bedroom apartment rent goes for $750, West Las Vegas, where renters pay $800 on average for a 1-bedroom apartment, and Huntridge, where the average 1-bedroom apartment rent goes for $850. If you're looking for other great deals, check out the listings in Founders District ($867 for a 1-bedroom apartment) or Gateway District ($950 for a 1-bedroom apartment), compared to the $1,359 average for an Las Vegas 1-bedroom apartment.
What are the most expensive neighborhoods in Las Vegas, NV?
The most expensive neighborhoods in Las Vegas are Cliffs Edge, where the average rent for a 1-bedroom apartment is just $2,537. offering similar apartments at an average of La Madre Foothills, $2,497, and The Canyons, $2,049. For additional value-for-money options, consider The Arbors ($2,027 for a 1-bedroom apartment) or Summerlin North ($1,968 for a 1-bedroom apartment). These prices represent a significant saving when compared to the Las Vegas average for a 1-bedroom apartment, which stands at $1,359.
What are the most popular neighborhoods in Las Vegas, NV?
The most popular neighborhoods in Las Vegas are Gateway District, where the average 1-bedroom apartment rent goes for $950, Founders District, where renters pay $867 on average for a 1-bedroom apartment, and Downtown Las Vegas, where the average 1-bedroom apartment rent goes for $1,130. If you're looking for other popular neighborhoods, check out the listings in Rancho Oakey ($1,381 for a 1-bedroom apartment) or Southeast Las Vegas ($1,175 for a 1-bedroom apartment), compared to the $1,359 average for an Las Vegas 1-bedroom apartment.
