The Watermark
215-219 S Water St,
Henderson, NV 89015
Studio - 3 Beds | $1,399 - $3,750
Rental Market Trends in Las Vegas, NV
What is the average rent in Las Vegas, NV?
$1,290/month
Average Rent
700 Sq Ft
Average Apartment Size
-0.9%
Decrease in the Last Year
As of July 2025, the average rent in Las Vegas, NV is $1,290 per month. This is 21% lower than the national average rent of $1,637/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 $1,008 per month for a studio, $1,290 for a one-bedroom apartment, and around $1,551 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,883 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 0.9%, which averages out to $11 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 July 2025
Legend
2024
2025
Rent Ranges in Las Vegas, NV
Last Updated July 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
13%
Below $700/month
17%
$700 - $1,000/month
40%
$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, Monte Vista, Church-Noblitt and Downtown East 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, Fort Apache Hacienda North, Southern Trails and Elysian at 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, Las Vegas Strip and Central Las Vegas .
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 $1,290, you’ll want to make about $4,300 per month or $51,600 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.
Cost of Living
The cost of living in Las Vegas, NV is 2.0% lower than the national average. Generally, housing in Las Vegas is 4.9% more expensive than the national average, with rent falling between $1,008 - $1,883. You can expect to pay 3.9% more for groceries, 9.4% more for utilities, and 14.6% more for transportation.
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
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
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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 June 2025.
* Percentages may not total 100 due to rounding.