How much does it cost to rent in Elko, NV?

As of July 2026, the median monthly rent in Elko, NV is $1,517. This figure is based on aggregated data from public sources and community-submitted rents.

Is Elko cheaper than other Nevada cities?

Elko is among the more affordable cities in Nevada, ranking #12 out of 16 cities at $1,517/mo.

When was Elko rent data last updated?

Elko rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · NV

Elko

Name: Average Rent Prices in Elko, NV
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 20,696·12th most expensive in Nevada·Rental market data updated monthly for Elko, NV

Median rent (all units)

$1,517/mo

Year-over-Year

Stable

Month-over-Month

+0.8%

vs US Median

-$448

Rising (Monthly)

Be the first to discuss Elko rents ↓

Most AffordableMost Expensive

Elko · $1,517

More affordable than 74% of US cities · National median $1,965/mo

Affordability

23% of income

VERY AFFORDABLE

0%30% benchmark60%+

At $1,517/mo, rent takes about 23% of the local median household income, comfortably within the 30% benchmark.

Income to afford

$61,000/yr

Local median income

$79,036/yr

Based on the 30%-of-income rule using Elko's median rent and household income. See the full affordability breakdown →

Medians by bedroom

Rent by unit size

Studio

$1,010

1 BR

$1,130

2 BR

$1,480

3 BR

$1,870

4 BR+

$2,490

Research median

$1,480/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$18,204/yr

At $1,517/mo median

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, +0.8% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Elko, NV is majority owner-occupied, 17.2% of residents hold a bachelor's degree or higher.

Population

20,696

Median income

$79,036

Median age

33.2

Renters

37.4%

Age distribution

24.4%

29%

24.7%

12.4%

Under 1824.4%

18–3429%

35–5424.7%

55–649.6%

65+12.4%

Gender

51.4%

48.6%

Male51.4%

Female48.6%

Race & ethnicity

66%

28.9%

White66%

Black1.1%

Hispanic28.9%

Asian2.9%

Other1.1%

Education (25+)

14.2%

34.7%

33.9%

17.2%

No HS diploma14.2%

HS diploma34.7%

Some college33.9%

Bachelor's+17.2%

Housing tenure

62.6%

37.4%

Owner62.6%

Renter37.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Elko, NV has changed in 5 years

Income

$80,148 → $79,036

down 1.4%

Population

20,391 → 20,696

up 1.5%

Renter share

42.9% → 37.4%

-5.5 pts

Bachelor's+

18.1% → 17.2%

-0.9 pts

Census figures show median household income at $79,036 today, compared with $80,148 five years earlier. Census counts show Elko, NV adding about 305 residents over the five-year window, up 1.5% on net. The renter share has eased from 42.9% to 37.4%, with owner-occupied housing accounting for the remainder.

Community

Discussions about Elko

No discussions yet. Start the conversation.

View Elko rent history (2015–2026) →

Salary vs rent

Can you afford rent in Elko on your salary?

At $1,517/mo, how Elko rent compares to typical pay (30% rule).

Registered Nurse

Avg $91,646/yr · Rent = 19.9% income

very comfortable

Elementary School Teacher

Avg $65,068/yr · Rent = 28% income

affordable

Police Officer

Avg $74,952/yr · Rent = 24.3% income

affordable

Software Developer

Avg $133,967/yr · Rent = 13.6% income

very comfortable

Lawyer

Avg $171,176/yr · Rent = 10.6% income

very comfortable

Firefighter

Avg $60,926/yr · Rent = 29.9% income

affordable

Truck Driver

Avg $55,009/yr · Rent = 33.1% income

stretched

Electrician

Avg $67,803/yr · Rent = 26.8% income

affordable

By apartment size

Elko rent by bedroom count

Median rent for each apartment size in Elko. Click any size for full breakdown.

Local insights

Tips for renters in Elko

About renting in Elko, NV

Last updated: July 20, 2026

The median rent in Elko is $1,517/mo as of July 2026. A studio apartment averages $1,010/mo while a 2-bedroom runs $1,480/mo. One-bedroom apartments average $1,130/mo and 3-bedroom units go for $1,870/mo.

At 23% of local median household income ($79,036/yr), Elko ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Elko an affordable city for renters?

Elko is considered very affordable for renters. At $1,517/mo, rent takes approximately 23% of the local median household income ($79,036/yr). The standard benchmark is 30%. Elko falls comfortably within that range.

How much income do you need to rent in Elko?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (~$29/hour full-time) to afford the median rent of $1,517/mo in Elko. The local median household income is $79,036/yr, meaning the typical Elko household meets that threshold.

Is rent going up or down in Elko?

Rent in Elko has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Elko rent compare to other cities in Nevada?

Elko is one of the more affordable cities in Nevada for rent, ranking #12 out of 16 tracked cities at $1,517/mo.

What percentage of Elko residents rent vs. own?

According to Census data, approximately 37.4% of Elko households are renters, while 62.6% are owner-occupied. Elko leans toward homeownership, which can mean a smaller rental inventory.