The Myles
123 W Imperial Ave,
Las Vegas, NV 89102
$1,500 - $3,825 Plus Fees
Studio - 3 Beds | 12 Month Lease
Rental Market Trends in Las Vegas, NV
What is the average rent in Las Vegas, NV?
$1,279/month
Average Rent
703 Sq Ft
Average Apartment Size
-2.6%
Decrease in the Last Year
As of March 2026, the average rent in Las Vegas, NV is $1,279 per month. This is 21% lower than the national average rent of $1,626/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 $994 per month for a studio, $1,279 for a one-bedroom apartment, and around $1,535 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,841 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 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 March 2026
Legend
2025
2026
Rent Ranges in Las Vegas, NV
Last Updated March 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
13%
Below $700/month
17%
$700 - $1,000/month
41%
$1,001 - $1,500/month
24%
$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, Royal Crest Estates, Paradise Village and Silverado Village 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, Downtown Summerlin, Willow Springs at Summerlin and Centennial Parkway Fort Apache East 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, Central 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 $1,279, you’ll want to make about $4,263 per month or $51,156 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 4.5% lower than the national average. Generally, housing in Las Vegas is 2.8% more expensive than the national average, with rent falling between $994 - $1,841. You can expect to pay 3.0% more for groceries, 7.9% less for utilities, and 12.9% 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
-
-
One Bedroom
-
$2,227/month
Two Bedroom
-
$2,827/month
Three Bedroom
-
-
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 February 2026.
* Percentages may not total 100 due to rounding.