Homes & Apartments for Rent in Reno, NV 89503

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What to Know About

Living in 89503

Reno, known as "The Biggest Little City in the World," is located in the Sierra Nevada mountains in the western state and offers beautiful natural surroundings and lively entertainment. Reno has a fascinating history and distinctive cultures, such as the National Automobile Museum, the Nevada Museum of Art, the Fleischmann Planetarium, and the Pioneer Center for the Performing Arts. In addition, Reno offers multiple respected educational institutions, such as the University of Nevada, Reno School of Medicine, Truckee Meadows Community College, and Western Nevada College.

Nature lovers can enjoy various outdoor activities at nearby locations such as Mount Rose, Lake Tahoe, and the Truckee River, from skiing and snowboarding to summer hiking. In addition, Reno is home to several outstanding events throughout the year that highlight the city's vibrant spirit, like the Reno River Festival, Reno Rodeo, Artown's Festival, and the Great Reno Balloon Race.

With its friendly community spirit, exciting entertainment options, and beautiful natural surroundings, Reno is a great place to call home for those who seek a balance of urban and outdoor lifestyles.

Rental Market Trends

Reno, NV

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As of October 2026, Reno's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Reno's average rent is 8.3% ($147) lower than the Nevada average of $1,781 and 10.2% ($185) lower than the U.S. average of $1,819.

Average Rent
$1,634
Monthly ChangeMonth Over Month Change
Decreased0.9% ($15)
Yearly ChangeYear Over Year Change
Increased6% ($92)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,296 Increased1% ($13) Decreased6% ($83)
2 Beds $1,712 Increased1.2% ($20) Increased11.1% ($171)
3 Beds $2,510 Decreased1.7% ($43) Increased13.6% ($301)
Nearby Cities Average Rent Avg. Rent vs. RenoAverage Rent vs. Reno Avg. Days on MarketAverage Days on Market
Sun Valley $1,722 Increased5.4% ($88) 32 days
Sparks $1,630 Decreased0.2% ($4) 24 days
Incline Village $3,881 Increased137.5% ($2247) 36 days
Kings Beach $2,921 Increased78.8% ($1287) 24 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Reno Rental Market FAQs

Explore rental prices, market conditions, and affordability in Reno, NV.

The average rent in Reno, NV is $1,634 per month.
In Reno, the average rent for a 1-bedroom home is $1,296 per month, for a 2-bedroom home, $1,712 per month, and a 3-bedroom home is $2,510 per month.
The average rent in Reno is 10.2% ($185) lower than the national average of $1,819 per month.
The rental market in Reno, NV, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
Based on the current averages, a household would need an annual income of $68,480 to comfortably afford a 2-bedroom home in Reno.
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