Elysium
11700 S Hills Dr,
Reno, NV 89511
$1,910 - $2,875 Plus Fees
1-3 Beds
Rental Market Trends in Reno, NV
What is the average rent in Reno, NV?
$1,500/month
Average Rent
686 Sq Ft
Average Apartment Size
+2.1%
Increase in the Last Year
As of May 2026, the average rent in Reno, NV is $1,500 per month. For comparison, the national average rent price in the US is currently $1,642/month, which means Reno rent prices are 9% lower than the national average. When you rent an apartment in Reno, you can expect to pay about $1,167 per month for a studio, $1,500 for a one-bedroom apartment, and around $1,826 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,340 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 2.1%, which averages out to $32 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 May 2026
Legend
2025
2026
Rent Ranges in Reno, NV
Last Updated May 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
9%
Below $700/month
20%
$700 - $1,000/month
37%
$1,001 - $1,500/month
26%
$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, 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, Virginia Lake, Southeast Reno and Sierra 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 Old Southwest Reno, South Reno and Sierra Meadows .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Reno, NV?
Because the average rent in Reno is $1,500, you’ll want to make about $5,000 per month or $60,000 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 3.6% higher than the national average. Generally, housing in Reno is 18.8% more expensive than the national average, with rent falling between $1,167 - $2,340. You can expect to pay 2.6% more for groceries, 21.6% less for utilities, and 17.0% 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
-
$1,087/month
One Bedroom
$1,219/month
$1,253/month
Two Bedroom
$1,390/month
$1,565/month
Three Bedroom
$1,600/month
$1,819/month
Nearby City Rent Trends
Apartment communities in Reno we think you'll love
Property Management Companies in Reno, NV
Myan Management Group
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Latitude Property Management
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PeakMade Real Estate
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The Siegel Group
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33
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5,024
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27
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Lewis Group of Companies
-
31
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13,002
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15
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Greystar
-
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Sunrise Management
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10,090
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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.
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.