6 Cheap Apartments for rent in Reno, NV

Last updated January 18 at 2:46pm UTC
68 S. Wells Ave. #4
Washoe Regional Center
Reno, NV
Updated January 3 at 3:35pm UTC
1 Bedroom
$725
1816 F Street
Downtown Sparks
Sparks, NV
Updated January 11 at 11:57am UTC
1 Bedroom
$700
125 C St
Downtown Sparks
Sparks, NV
Updated January 18 at 2:04pm UTC
1 Bedroom
$700
139 Pine St
Downtown Reno
Reno, NV
Updated January 9 at 1:37am UTC
Studio
$650
Results within 1 miles of Reno, NV
1266 N Sierra St
University of Nevada
Reno, NV
Updated January 18 at 2:46pm UTC
1 Bedroom
$600
68 S. Wells Ave. #2
Washoe Regional Center
Reno, NV
Updated January 3 at 3:35pm UTC
1 Bedroom
$725
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January 2018 Reno Rent Report

Welcome to the January 2018 Reno Rent Report. Reno rents declined over the past month. In this report, we'll evaluate trends in the Reno rental market, including comparisons to similar cities nationwide.

View full Reno Rent Report
Rent Report
Reno

January 2018 Reno Rent Report

Welcome to the January 2018 Reno Rent Report. Reno rents declined over the past month. In this report, we'll evaluate trends in the Reno rental market, including comparisons to similar cities nationwide.

Reno rents declined over the past month

Reno rents have declined 0.6% over the past month, but are up sharply by 6.4% in comparison to the same time last year. Currently, median rents in Reno stand at $870 for a one-bedroom apartment and $1,130 for a two-bedroom. This is the third straight month that the city has seen rent decreases after an increase in September. Reno's year-over-year rent growth leads the state average of 4.6%, as well as the national average of 2.8%.

Reno rents more affordable than many large cities nationwide

As rents have increased sharply in Reno, a few large cities nationwide have seen rents grow more modestly. Reno is still more affordable than most large cities across the country.

  • Reno's median two-bedroom rent of $1,130 is slightly below the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 6.4% rise in Reno.
  • While Reno's rents rose sharply over the past year, many cities nationwide also saw increases, including Phoenix (+3.8%), Seattle (+3.0%), and Dallas (+2.2%).
  • Renters will find more reasonable prices in Reno than most large cities. For example, San Francisco has a median 2BR rent of $3,010, which is more than two-and-a-half times the price in Reno.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.