3 Cheap Apartments for rent in Sparks, NV

Last updated August 18 at 1:18am UTC
2580 E St
Downtown Sparks
Sparks, NV
Updated August 18 at 1:18am UTC
1 Bedroom
$700
Results within 5 miles of Sparks, NV
1133 Buena Vista Ave
University of Nevada
Reno, NV
Updated August 16 at 1:21am UTC
1 Bedroom
$550
400 University Terrace
University of Nevada
Reno, NV
Updated August 15 at 5:17pm UTC
1 Bedroom
$550

August 2018 Sparks Rent Report

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

View full Sparks Rent Report
Rent Report
Sparks

August 2018 Sparks Rent Report

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

Sparks rents declined over the past month

Sparks rents have remained flat over the past month, however, they are up sharply by 6.5% year-over-year. Currently, median rents in Sparks stand at $1,130 for a one-bedroom apartment and $1,480 for a two-bedroom. Sparks' year-over-year rent growth leads the state average of 3.5%, as well as the national average of 1.2%.

Many large cities nationwide show more affordable rents compared to Sparks

As rents have increased sharply in Sparks, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Sparks is less affordable for renters.

  • Sparks' median two-bedroom rent of $1,480 is above the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 6.5% rise in Sparks.
  • While Sparks' rents rose sharply over the past year, some cities nationwide saw decreases, including Seattle (-2.4%) and Minneapolis (-0.4%).
  • Renters will generally find more expensive prices in Sparks than most large cities. For example, Detroit has a median 2BR rent of $890, where Sparks is more than one-and-a-half times that price.

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.