Rental market trends in Las Vegas, NV
Please reach out to press@rent.com for any media inquiries regarding this data.
Average Apartment Cost in Las Vegas, NV
Apartment Rent Ranges in Las Vegas, NV
| Apartment Prices | Proportion | |||
|---|---|---|---|---|
0% | 6% | 19% | 32% | 42% |
Neighborhood Apartment Rent Trends in Las Vegas, NV
| Neighborhood | Studio Avg Rent | Annual Change |
|---|---|---|
| Centennial Hills | $1,142 | -31% |
| Lone Mountain | $1,142 | -31% |
| Southwest Las Vegas | $1,132 | -1% |
| East Las Vegas | $895 | -- |
| Southeast Las Vegas | $874 | -1% |
| Downtown | $855 | -4% |
| Sunrise | $850 | -- |
| Downtown East | $850 | -- |
| Arts District | $799 | -39% |
| Northern Strip Gateway | $550 | -- |
| Neighborhood | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| The Canyons | $1,675 | 0% |
| The Arbors | $1,675 | 0% |
| Summerlin | $1,650 | -2% |
| Lone Mountain | $1,629 | +6% |
| Iron Mountain Ranch | $1,570 | -- |
| The Crossing | $1,560 | -- |
| Centennial Hills | $1,454 | -1% |
| Peccole Ranch | $1,434 | -10% |
| The Section Seven | $1,410 | -6% |
| West Sahara | $1,374 | -4% |
| Southwest Las Vegas | $1,350 | -5% |
| Canyon Gate | $1,325 | +26% |
| Charleston Heights | $1,300 | -7% |
| Angel Park Lindell | $1,300 | -- |
| Centennial Hills Town Center | $1,200 | -- |
| Beverly Green | $1,150 | -- |
| North Cheyenne | $1,135 | -- |
| Southeast Las Vegas | $1,097 | -20% |
| Rancho Oakey | $1,060 | -13% |
| East Las Vegas | $1,025 | -- |
| Huntridge | $950 | -1% |
| Sunrise | $950 | -- |
| Downtown | $940 | -58% |
| West Las Vegas | $900 | +6% |
| Northern Strip Gateway | $800 | +14% |
| Neighborhood | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Skye Canyon | $2,635 | -12% |
| The Crossing | $2,287 | -7% |
| Sun City Summerlin | $2,250 | -- |
| Summerlin | $2,012 | -1% |
| The Canyons | $2,012 | -9% |
| The Arbors | $1,925 | +3% |
| Iron Mountain Ranch | $1,890 | -- |
| Lone Mountain | $1,883 | -6% |
| Centennial Hills | $1,694 | -15% |
| Arts District | $1,650 | +15% |
| The Pueblo | $1,650 | -- |
| Peccole Ranch | $1,644 | -14% |
| The Section Seven | $1,600 | +7% |
| Pioneer Park | $1,550 | -- |
| West Sahara | $1,525 | -2% |
| Southwest Las Vegas | $1,495 | 0% |
| Canyon Gate | $1,490 | +6% |
| Rancho Oakey | $1,435 | -18% |
| Angel Park Lindell | $1,425 | -- |
| Charleston Heights | $1,399 | 0% |
| Sunrise | $1,300 | -- |
| Desert Shores | $1,295 | -- |
| North Cheyenne | $1,285 | +7% |
| Southeast Las Vegas | $1,262 | -9% |
| Huntridge | $1,250 | -22% |
| Beverly Green | $1,250 | -- |
| Downtown | $1,202 | 0% |
| Northern Strip Gateway | $1,200 | -- |
| Twin Lakes | $1,200 | -- |
| East Las Vegas | $1,185 | +32% |
| Avila Park | $1,175 | -- |
| Downtown East | $1,100 | -8% |
| West Las Vegas | $950 | -17% |
How Other Cities Compare to Las Vegas, NV
| City | Studio Avg Rent | Annual Change |
|---|---|---|
| Henderson | $1,402 | -4% |
| Boulder City | $1,225 | -- |
| City | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Henderson | $1,602 | -6% |
| North Las Vegas | $1,483 | +21% |
| Boulder City | $1,070 | +1% |
| Pahrump | $900 | -- |
| City | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Henderson | $1,765 | -6% |
| Pahrump | $1,300 | +4% |
| North Las Vegas | $1,292 | -6% |
| Boulder City | $1,270 | -5% |
Las Vegas, NV Rent Trends
| Studio | 1 Bed | 2 Beds | ||||||||||
| Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 |
| $836 | $886 | $896 | $880 | $857 | $868 | $857 | $846 | $874 | $845 | $875 | $872 | $872 |
| $1352 | $1352 | $1352 | $1339 | $1335 | $1330 | $1324 | $1321 | $1340 | $1342 | $1334 | $1310 | $1341 |
| $1562 | $1537 | $1548 | $1524 | $1495 | $1445 | $1534 | $1532 | $1460 | $1442 | $1460 | $1454 | $1470 |
| $1954 | $1920 | $1915 | $1902 | $1882 | $1837 | $1837 | $1849 | $1862 | $1860 | $1850 | $1780 | $1822 |
Neighborhood Information for Las Vegas, NV
What are the most affordable neighborhoods in Las Vegas, NV?
The most affordable neighborhoods in Las Vegas are Northern Strip Gateway, where the average 1-bedroom apartment rent goes for $800, West Las Vegas, where renters pay $900 on average for a 1-bedroom apartment, and Downtown, where the average 1-bedroom apartment rent goes for $940. If you're looking for other great deals, check out the listings in Huntridge ($950 for a 1-bedroom apartment) or Sunrise ($950 for a 1-bedroom apartment), compared to the $1,345 average for a Las Vegas 1-bedroom apartment.
What are the most expensive neighborhoods in Las Vegas, NV?
The most expensive neighborhoods in Las Vegas are Financial District, where the average 1-bedroom apartment rent goes for $4,500, Arts District, where renters pay $2,500 on average for a 1-bedroom apartment, and The Canyons, where the average 1-bedroom apartment rent goes for $1,675. If you're looking for other premium neighborhoods, check out the listings in The Arbors ($1,675 for a 1-bedroom apartment) or Summerlin ($1,650 for a 1-bedroom apartment), compared to the $1,345 average for a Las Vegas 1-bedroom apartment.
What are the most popular neighborhoods in Las Vegas, NV?
The most popular neighborhoods in Las Vegas are Arts District, where the average 1-bedroom apartment rent goes for $2,500, Northern Strip Gateway, where renters pay $800 on average for a 1-bedroom apartment, and Financial District, where the average 1-bedroom apartment rent goes for $4,500. If you're looking for other popular neighborhoods, check out the listings in Downtown ($940 for a 1-bedroom apartment) or Beverly Green ($1,150 for a 1-bedroom apartment), compared to the $1,345 average for a Las Vegas 1-bedroom apartment.
