Rents are 3% below what Reno's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,967 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
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Who lives here
Reno, NV is roughly split between renters and owners, 36.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Reno, NV has changed in 5 years
Five years ago, renters in Reno, NV paid around $1,485 a month. That figure now sits near $1,967, up 32.5% 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.
Discussions about Reno
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Can you afford rent in Reno on your salary?
At $1,967/mo, how Reno rent compares to typical pay (30% rule).
Reno rent by bedroom count
Median rent for each apartment size in Reno. Click any size for full breakdown.
Tips for renters in Reno
Last updated: August 17, 2026
The median rent in Reno is $1,967/mo as of August 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 12.8% over the past year.
Frequently asked questions
Is Reno an affordable city for renters?
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Which Reno neighborhoods have the lowest rent?
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What percentage of Reno residents rent vs. own?
How does Reno rent compare to the national average?
At $1,967/mo, rent takes ~29% of Reno's median household income ($80,760/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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