The Chelsea at Riverwalk
344 W 2nd St,
Reno, NV 89503
$1,714 - $2,114 Total Monthly Price
1-2 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
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Entertainment
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Dining
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Parks
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Affordable
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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 December 2025, the average apartment rent in Downtown Reno is $783 for one bedroom, $1,012 for two bedrooms, and $1,399 for three bedrooms. Apartment rent in Downtown Reno has decreased by -4.9% in the past year.
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1 BR
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636 sq ft
Average Sq Ft
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$783/month
Average Rent
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2 BR
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875 sq ft
Average Sq Ft
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$1,012/month
Average Rent
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3 BR
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1,133 sq ft
Average Sq Ft
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$1,399/month
Average Rent
Reviews of Downtown Reno - Reno, NV
Niche Reviews
37 Reviews
Niche User
9 years and 4 months ago•Niche Review
I think for the most part this neighborhood is a quiet and calm enviroment.
Niche User
10 years and 3 months ago•Niche Review
Most people are the same, though its one or the other.
Niche User
10 years and 3 months ago•Niche Review
Generally its okay, the weather is annoying but tolerable.
Niche User
10 years and 3 months ago•Niche Review
It is difficult to find a job in my area, you have to look elsewhere.
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
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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 November 2025.