3rd Street Flats
303 W 3rd St,
Reno, NV 89501
$1,715 - $1,930 | Studio - 2 Beds
Downtown Reno
Reno, NV
Downtown Reno - Reno, NV
Area Guide
Niche Reviews 
Live at the center of the action in the biggest little city in the world.
Walkable
•
Entertainment
•
Dining
•
Parks
•
Affordable
•
Covering a few blocks on either side of Virginia Street between Interstate 80 and the Truckee River, Downtown Reno packs a ton of amenities and attractions into a fairly small area. The city’s famous casinos and the Reno Events Center bring world-class entertainment on a regular basis, the nightlife is always in full swing, and unique cafes and restaurants are all over the area.
Scenic green spaces like Wingfield Park and City Plaza are great for taking some quiet time and enjoying the sunshine. The University of Nevada, Reno’s campus sits just north of Downtown, making it a highly convenient location for students, faculty, and university staff. Best of all, many Downtown apartments and condos are available for very affordable rates, putting all of this at your doorstep even if you’re on a tight budget.
Rent Trends
As of July 2025, the average apartment rent in Downtown Reno is $1,096 for a studio, $1,310 for one bedroom, $1,714 for two bedrooms, and $1,941 for three bedrooms. Apartment rent in Downtown Reno has decreased by -1.2% in the past year.
-
Studio
-
395 sq ft
Average Sq Ft
-
$1,096/month
Average Rent
-
1 BR
-
585 sq ft
Average Sq Ft
-
$1,310/month
Average Rent
-
2 BR
-
765 sq ft
Average Sq Ft
-
$1,714/month
Average Rent
-
3 BR
-
842 sq ft
Average Sq Ft
-
$1,941/month
Average Rent
Reviews of Downtown Reno - Reno, NV
Niche Reviews
37 Reviews
Niche User
8 years and 11 months ago•Niche Review
The neighborhood and surrounding areas are a bit sketchy but police patrol the area somewhat regularly so concern for safety isn't a huge priority.
Niche User
9 years and 2 months ago•Niche Review
Overall the entire exprience is fine is looking for a place to live but be careful with crimes.
Niche User
9 years and 11 months ago•Niche Review
There are present police, public distractions,
Niche User
9 years and 11 months ago•Niche Review
Most people are the same, though its one or the other.
Points of Interest
Shopping Centers
Parks and Recreation
- Fleischmann Planetarium & Science Center
- University of Nevada Arboretum
- W.M. Keck Museum
- May Arboretum and Botanical Garden
- Rancho San Rafael Park
Commuter Rail
Military Bases
Airports
- Reno/Tahoe International
Top Apartments in Downtown Reno
Houses for Rent in Downtown Reno
Property Management Companies
Greystar
-
3,280
Communities
-
912,495
Units
-
850
Cities
Willow Bridge
-
710
Communities
-
193,269
Units
-
330
Cities
AMC
-
670
Communities
-
129,820
Units
-
264
Cities
RPM
-
627
Communities
-
166,918
Units
-
243
Cities
FPI Management
-
615
Communities
-
103,894
Units
-
219
Cities
Cushman & Wakefield
-
535
Communities
-
123,100
Units
-
278
Cities
Search Nearby Rentals
Nearby City Rentals
Nearby Neighborhood Rentals
Nearby House Rentals
Nearby Neighborhood Guides
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.