Elysium
11700 S Hills Dr,
Reno, NV 89511
1-3 Beds | $1,799 - $2,940
Rental Market Trends in Reno, NV
What is the average rent in Reno, NV?
$1,471/month
Average Rent
688 Sq Ft
Average Apartment Size
+1.6%
Increase in the Last Year
As of June 2025, the average rent in Reno, NV is $1,471 per month. For comparison, the national average rent price in the US is currently $1,628/month, which means Reno rent prices are 10% lower than the national average. When you rent an apartment in Reno, you can expect to pay about $1,129 per month for a studio, $1,471 for a one-bedroom apartment, and around $1,778 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,316 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 Reno, NV?
In the past year, rent has increased by 1.6%, which averages out to $25 more 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 2025
Legend
2024
2025
Rent Ranges in Reno, NV
Last Updated June 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
10%
Below $700/month
21%
$700 - $1,000/month
38%
$1,001 - $1,500/month
24%
$1,501 - $2,000/month
8%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Reno?
Based on current rent prices, Wells Avenue Neighborhood, Powning District and Northwest Quadrant are the most affordable neighborhoods in Reno.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Reno?
Based on current rent prices, Tanamera, The Meadows and Vintage at South Meadows are the most expensive neighborhoods in Reno.
Neighborhood
Average Rent
Average Sq Ft
Which Reno neighborhoods have the most rentals available?
The neighborhoods in Reno with the most apartments available are South Reno, West University and Old Southwest Reno .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Reno, NV?
Because the average rent in Reno is $1,471, you’ll want to make about $4,903 per month or $58,836 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 Reno, NV is 4.0% higher than the national average. Generally, housing in Reno is 10.9% more expensive than the national average, with rent falling between $1,129 - $2,316. You can expect to pay 2.9% more for groceries, 6.6% less for utilities, and 23.5% more for transportation.
How does Reno, NV compare to other nearby cities and neighborhoods?
Use the tool below to compare Reno, 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
$1,200/month
-
Two Bedroom
$1,427/month
-
Three Bedroom
$1,707/month
-
Nearby City Rent Trends
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Property Management Companies in Reno, NV
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612
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Myan Management Group
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40
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Latitude Property Management
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13
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4
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AMC
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646
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126,201
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258
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The Siegel Group
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33
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27
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Lewis Group of Companies
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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.