Ciel Apartments
1330 E Reno Ave,
Las Vegas, NV 89119
1-2 Beds | $1,100 - $1,465
Rental Market Trends in Las Vegas, NV
What is the average rent in Las Vegas, NV?
$1,287/month
Average Rent
695 Sq Ft
Average Apartment Size
-1%
Decrease in the Last Year
As of December 2024, the average rent in Las Vegas, NV is $1,287 per month. This is 18% lower than the national average rent of $1,560/month, making renting in Las Vegas more affordable than most cities in the US. When you rent an apartment in Las Vegas, you can expect to pay about $1,011 per month for a studio, $1,287 for a one-bedroom apartment, and around $1,547 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,852 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Las Vegas, NV?
In the past year, rent has decreased by 1%, which averages out to $12 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Las Vegas, NV
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
14%
Below $700/month
18%
$700 - $1,000/month
39%
$1,001 - $1,500/month
25%
$1,501 - $2,000/month
5%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Las Vegas?
Based on current rent prices, University District, Sunrise Manor and Richfield are the most affordable neighborhoods in Las Vegas.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Las Vegas?
Based on current rent prices, West of the Strip, Sovana and Southern Highlands are the most expensive neighborhoods in Las Vegas.
Neighborhood
Average Rent
Average Sq Ft
Which Las Vegas neighborhoods have the most rentals available?
The neighborhoods in Las Vegas with the most apartments available are South Las Vegas, Central Las Vegas and Spring Valley .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Las Vegas, NV?
Because the average rent in Las Vegas is $1,287, you’ll want to make about $4,290 per month or $51,480 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Las Vegas, NV compare to other nearby cities and neighborhoods?
Use the tool below to compare Las Vegas, NV to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$930/month
$1,411/month
One Bedroom
$1,062/month
$1,364/month
Two Bedroom
$1,337/month
$1,616/month
Three Bedroom
$1,568/month
$3,548/month
Nearby City Rent Trends
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.