Reno market rental trends report

Reno market rental trends report
Reno market rental trends report
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Over the past 3-6 months, Reno's rental market has experienced a slight decrease in average rent prices, with reductions ranging from approximately $39 to $95 per month. This decline is primarily attributed to seasonal trends, particularly the onset of the fall season, which typically sees reduced demand, and an increase in rental inventory due to new construction. As of March 2025, the median rent for all property types in Reno stands at $1,849. 

chart-Apr-17-2025-05-22-17-6897-AM

Apartment listings

Below are some recent listing examples.

Double R Apartments

  • Studio
  • Sq Ft: 506
  • Rent: $1,374
1-Apr-17-2025-04-55-45-4535-PM

One R Midtown

  • 1bd/1ba
  • Sq Ft: 689 
  • Rent:$1662
2-Apr-17-2025-04-56-29-9667-PM

Double R

  • 2bd/2ba
  • Sq Ft: 992
  • Rent: $2,315
3-Apr-17-2025-04-57-12-4579-PM

Westlook

  • 3bd/2ba
  • Sq Ft: 1,245
  • Rent: $2,627
4-Apr-17-2025-04-57-54-1762-PM

(Data sourced from Apartments.com)

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