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What to Know About
Living in Nevada
Nevada is known for its deserts, hot springs, and world-class entertainment. The vibrant city of Las Vegas is arguably its most well-known destination, offering many attractions for individuals of all ages, such as its world-renowned live entertainment, grand casinos, and exquisite shopping. In addition, the state is home to several major universities, including the University of Nevada, Reno, and the University of Nevada, Las Vegas. Explore Nevada's culture and history through museums like the Nevada State Museum and the Mob Museum, as well as prestigious universities like the University of Nevada, Reno, and the University of Nevada, Las Vegas.
Outdoor enthusiasts will find plenty of recreation opportunities, from hiking in Red Rock Canyon to skiing and snowboarding in Lake Tahoe. Sports fans will have plenty to keep them active in Nevada with Las Vegas (NHL) and Vegas Golden Knights (NHL) located there. In addition, take advantage of famous attractions like the Hoover Dam, the Nevada Ballet Theatre, and the historic town of Virginia City.
Nevada has something for everyone, from the iconic bright lights of Las Vegas to the stunning natural wonders of Lake Tahoe. It would be a fantastic choice for anyone to call home.
Rental Market Trends
Nevada
As of July 2025, Nevada's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Nevada's average rent is 6.0% ($107) lower than the U.S. average of $1,775.
Average Rent
$1,668
Monthly ChangeMonth Over Month Change
2.1% ($36)
Yearly ChangeYear Over Year Change
5.6% ($99)
Avg. Days on MarketAverage Days on Market
33
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,185 | 0.5% ($6) | 2.5% ($30) |
| 2 Beds | $1,569 | 0.8% ($12) | 1.2% ($18) |
| 3 Beds | $2,199 | 0.5% ($12) | 10.4% ($255) |
| Top Markets in Nevada | Average Rent | Avg. Rent vs. NVAverage Rent vs. Nevada | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Las Vegas | $1,522 | 8.8% ($146) | 32 days |
| Reno | $1,526 | 8.5% ($142) | 34 days |
| Henderson | $1,885 | 13% ($217) | 30 days |
| North Las Vegas | $2,019 | 21% ($351) | 30 days |
| Sparks | $1,526 | 8.5% ($142) | 34 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Nevada Rental Market FAQs
Explore rental prices, market trends, and availability in Nevada.
The average rent in Nevada is $1,668 per month.
Homes in Nevada typically rent for between $830 and $2,859 per month, with an average of $1,668 per month.
In Nevada, the average rent for a 1-bedroom home is $1,185 per month, for a 2-bedroom home, $1,569 per month, and a 3-bedroom home is $2,199 per month.
The average rent in Nevada is 6% ($107) lower than the national average of $1,775 per month.
The average rent in Nevada has decreased by 2.1% ($36) in the last month and decreased by 5.6% ($99) over the past year.
The rental market in Nevada, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Nevada, the average rental stays on the market for approximately 33 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
Based on the current averages, a household would need an annual income of $62,760 to comfortably afford a 2-bedroom home in Nevada.
