The Myles
123 W Imperial Ave,
Las Vegas, NV 89102
Studio - 3 Beds | $1,500 - $3,825
Rental Market Trends in Las Vegas, NV
What is the average rent in Las Vegas, NV?
$1,277/month
Average Rent
704 Sq Ft
Average Apartment Size
-2.6%
Decrease in the Last Year
Las Vegas, NV Rental Market Overview
The average rent in Las Vegas, NV is $1,277 per month. This is 22% lower than the national average rent of $1,645/month, making renting in Las Vegas more affordable than most cities in the US.
- Studio apartments in Las Vegas average $1,000 per month.
- One-bedroom apartments in Las Vegas average $1,277 per month.
- Two-bedroom apartments in Las Vegas average $1,538 per month.
- Three-bedroom apartments in Las Vegas average $1,889 or more per month.
Data Updated: June 1, 2026
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 2.6%, which averages out to $32 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 June 2026
Legend
2025
2026
Rent Ranges in Las Vegas, NV
Last Updated June 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
13%
Below $700/month
18%
$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, Downtown East, Paradise Palms and Sunrise Manor 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, Rhodes Ranch, Downtown Summerlin and Meadows Village 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 Central Las Vegas, South Las Vegas and Las Vegas Strip .
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 $1,277, you’ll want to make about $4,256 per month or $51,072 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 4.0% lower than the national average. Generally, housing in Las Vegas is 3.0% more expensive than the national average, with rent falling between $1,000 - $1,889. You can expect to pay 3.3% more for groceries, 9.3% less for utilities, and 13.4% 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
$833/month
-
One Bedroom
$1,045/month
$1,579/month
Two Bedroom
$1,223/month
$1,800/month
Three Bedroom
$1,643/month
$2,155/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Las Vegas We Think You'll Love
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Guides for Managing Your Rental
Frequently Asked Questions
What is the average rent in Las Vegas?
The average rent in Las Vegas is $1,277 per month, which is 22.4% lower than the national average of $1,645.
What is the average rent for a house in Las Vegas?
The average rent for a house in Las Vegas, NV is $2,317 per month.
What is the average rent for a townhome in Las Vegas?
The average rent for a townhome in Las Vegas, NV is $1,613 per month.
What is the average rent for a condo in Las Vegas?
The average rent for a condo in Las Vegas, NV is $1,677 per month.
Are rents going up or down in Las Vegas?
Rents in Las Vegas, NV are decreasing, with prices down 2.6% year-over-year and $32 less per month.
What rent range is most common in Las Vegas?
In Las Vegas, NV, 40% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 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.
* Percentages may not total 100 due to rounding.