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City Report · NV

Reno

Pop. 273,212·6th most expensive in Nevada·Reno rents are up 11.9% over the past year
Median rent (all units)
$1,932/mo
Year-over-Year
+11.9%
Month-over-Month
+0.4%
vs US Median
-$33
Stable (Monthly)
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Most AffordableMost Expensive
Reno · $1,932
More expensive than 55% of US cities · National median $1,965/mo
Rent Reality Score
60/100
Good value
OverheatedFairGreat value

Rents are 5% below what Reno's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,932/mo
Expected by trend
$2,029/mo
The Rent Reality Score compares today's median rent to where Reno's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,237
1 BR
$1,441
2 BR
$1,810
3 BR
$2,511
4 BR+
$2,955
Research median
$1,810/mo

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

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$23,184/yr
At $1,932/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 11.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+11.9% YoY, +0.4% MoM), not inventory.
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Demographics

Who lives here

Reno, NV is roughly split between renters and owners, 36.8% of residents hold a bachelor's degree or higher.

Population
273,212
Median income
$80,760
Median age
37.1
Renters
50.2%
Age distribution
19.9%
26.8%
24.8%
16.8%
Under 1819.9%
18–3426.8%
35–5424.8%
55–6411.7%
65+16.8%
Gender
50.7%
49.3%
Male50.7%
Female49.3%
Race & ethnicity
60.4%
25.8%
White60.4%
Black3.1%
Hispanic25.8%
Asian7%
Other3.7%
Education (25+)
22.9%
29.6%
36.8%
No HS diploma10.7%
HS diploma22.9%
Some college29.6%
Bachelor's+36.8%
Housing tenure
49.8%
50.2%
Owner49.8%
Renter50.2%

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

2021 vs 2026

How Reno, NV has changed in 5 years

Rent
$1,485 → $1,932
up 30.1%
Income
$67,557 → $80,760
up 19.5%
Population
259,913 → 273,212
up 5.1%
Renter share
51.7% → 50.2%
-1.5 pts
Bachelor's+
35.5% → 36.8%
+1.3 pts
Median age
36.4 → 37.1
+0.7 yrs

Five years ago, renters in Reno, NV paid around $1,485 a month. That figure now sits near $1,932, up 30.1% from the 2021 baseline. On the earnings side, the typical household in Reno, NV now reports about $80,760, up from $67,557 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Reno, NV adding about 13,299 residents over the five-year window, up 5.1% on net. The renter share has eased from 51.7% to 50.2%, with owner-occupied housing accounting for the remainder. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Reno, NV reflects that arc in its own way.

Community

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View Reno rent history (2015–2026) →
Salary vs rent

Can you afford rent in Reno on your salary?

At $1,932/mo, how Reno rent compares to typical pay (30% rule).

By apartment size

Reno rent by bedroom count

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

Local insights

Tips for renters in Reno

About renting in Reno, NV

Last updated: July 20, 2026

The median rent in Reno is $1,932/mo as of July 2026. A studio apartment averages $1,237/mo while a 2-bedroom runs $1,810/mo. One-bedroom apartments average $1,441/mo and 3-bedroom units go for $2,511/mo.

At 29% of local median household income ($80,760/yr), Reno ranks as affordable compared to the national benchmark of 30%. Rents have increased 11.9% over the past year.

FAQ

Frequently asked questions

Is Reno an affordable city for renters?

Reno is considered affordable for renters. At $1,932/mo, rent takes approximately 29% of the local median household income ($80,760/yr). The standard benchmark is 30%. Reno falls comfortably within that range.

How much income do you need to rent in Reno?

To keep rent at or below 30% of gross income, you would need to earn at least $77,000/year (~$37/hour full-time) to afford the median rent of $1,932/mo in Reno. The local median household income is $80,760/yr, meaning the typical Reno household meets that threshold.

Is rent going up or down in Reno?

Rent in Reno has increased 11.9% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Reno neighborhoods have the lowest rent?

The most affordable ZIP codes in Reno are 89502 ($1,428/mo), 89512 ($1,589/mo), and 89501 ($1,741/mo). Citywide, the median rent in Reno is $1,932/mo.

How does Reno rent compare to other cities in Nevada?

Reno is one of the pricier cities in Nevada for rent, ranking #6 out of 16 tracked cities at $1,932/mo.

Which nearby cities are cheaper to rent in than Reno?

Carson City is nearby and more affordable at $1,840/mo, which is $92 less than Reno.

What percentage of Reno residents rent vs. own?

According to Census data, approximately 50.2% of Reno households are renters, while 49.8% are owner-occupied. With a majority renter population, Reno has a strong rental market.

How does Reno rent compare to the national average?

Reno's median rent of $1,932/mo is $33 (2%) below the US national median of $1,965/mo. Within Nevada, it ranks #6 out of 16 tracked cities.
Income Affordability
29%
AFFORDABLE

At $1,932/mo, rent takes ~29% of Reno's median household income ($80,760/yr). The standard benchmark is 30%.

Reno 29%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Reno, NV

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