Elysium
11700 S Hills Dr,
Reno, NV 89511
1-3 Beds | $2,359 - $2,944
Rental Market Trends in Reno, NV
Updated August 2026
The average rent in Reno, NV is $1,538/month.
Rent in Reno is roughly equal to the national average rent of of $1,663/month.
$1,538/month
Average Rent
687 Sq Ft
Average Size
+4.4%
Change / Year
2,279
Available Apartments
Reno rent varies by unit size and layout:
- Studio apartments in Reno average $1,190 per month.
- One-bedroom apartments in Reno average $1,538 per month.
- Two-bedroom apartments in Reno average $1,883 per month.
- Three-bedroom apartments in Reno average $2,432 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Reno, NV?
In the past year, rent has increased by 4.4%, which averages out to $68 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Reno, NV
August 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
9%
Below $700/month
19%
$700 - $1,000/month
37%
$1,001 - $1,500/month
27%
$1,501 - $2,000/month
9%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Reno?
Based on current rent prices, Wells Avenue Neighborhood, Convention Center and Reno-Tahoe Intl Airport 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, Redfield Regional Center, South Reno and Southeast Reno 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 West University, South Reno and Downtown 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 $1,538, you’ll want to make about $5,126 per month or $61,512 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 3.9% higher than the national average. Generally, housing in Reno is 18.8% more expensive than the national average, with rent falling between $1,190 - $2,432. You can expect to pay 2.9% more for groceries, 22.3% less for utilities, and 16.3% 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.
View the Reno Area GuideStudio
$852/month
-
One Bedroom
$1,197/month
$1,775/month
Two Bedroom
$1,396/month
$2,203/month
Three Bedroom
$1,609/month
$3,018/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Reno We Think You'll Love
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Frequently Asked Questions
What is the average rent in Reno?
The average rent in Reno is $1,538 per month, which is 7.5% lower than the national average of $1,663.
What is the average rent for a house in Reno?
The average rent for a house in Reno, NV is $2,926 per month.
What is the average rent for a townhome in Reno?
The average rent for a townhome in Reno, NV is $1,929 per month.
What is the average rent for a condo in Reno?
The average rent for a condo in Reno, NV is $1,845 per month.
Are rents going up or down in Reno?
Rents in Reno, NV are increasing, with prices up 4.4% year-over-year and $68 more per month.
What rent range is most common in Reno?
In Reno, NV, 37% 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.