The Chelsea at Riverwalk
344 W 2nd St,
Reno, NV 89503
$2,314 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 May 2026, the average apartment rent in Downtown Reno is $1,139 for a studio, $1,328 for one bedroom, $1,772 for two bedrooms, and $1,949 for three bedrooms. Apartment rent in Downtown Reno has increased by 0.9% in the past year.
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Studio
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419 sq ft
Average Sq Ft
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$1,139/month
Average Rent
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1 BR
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577 sq ft
Average Sq Ft
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$1,328/month
Average Rent
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2 BR
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890 sq ft
Average Sq Ft
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$1,772/month
Average Rent
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3 BR
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842 sq ft
Average Sq Ft
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$1,949/month
Average Rent
Reviews of Downtown Reno - Reno, NV
Niche Reviews
38 Reviews
Former Resident
9 months ago•Niche Review
Grew up in Northshore, moved but most people remain in the area. This creates more of a community and a situation where everyone knows everyone. Things have gotten rougher lately, I can understand the concern of safety in the area but I know most locals take pride in their community
Current Resident
1 years and 5 months ago•Niche Review
The neighborhood is fairly decent but could have better sidewalks. It would also be nice if they had more local activities like Jacinto City nearby. The football games always seem to be a highlight and bring the community together and the people you do meet are very welcoming. It's been nice living here overall for over 15 years.
Niche User
9 years and 8 months ago•Niche Review
Someones always getting robbed at gun point or running cars into buildings to get vaults. If you own a business here never get too involved with the locals because they will rob you once they know where your hiding the money. They even cut the exhaust from under my car just to sell it for 50 bucks maybe which cost me 200+ to replace. Horrible
Niche User
9 years and 9 months ago•Niche Review
It's one of the decent places, I have had the privilege to live in.
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 February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.