ZIP Code · NV

ZIP 89118

Part of Las Vegas, NV

Pop. 22,610·Clark County·55th most expensive ZIP in Nevada

Median rent (all units)

$1,661/mo

Year-over-Year

+0.9%

Month-over-Month

-0.7%

vs US Median

-$271

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 89118 · $1,661

More affordable than 61% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,440

1 BR

$1,600

2 BR

$1,880

3 BR

$2,610

4 BR+

$3,000

Research median

$1,880/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

March. Asking rents in ZIP 89118 usually run 0.7% below trend in March and 0.7% above it in July, about $23 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 89118 is 3.1% below its high of $1,715 in March 2025, at $1,661 as of September 2026.

Past year vs. the rest of Nevada

Rent in ZIP 89118 changed +0.9% over the year to September 2026. Across the 77 Nevada ZIP codes Zillow tracks, the typical change was +2.0%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 89118 rose 40.9% while median household income rose 23% ($57,859 to $71,160). Rent outpaced income.

Since before the pandemic

Rent in ZIP 89118 is 33.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($71,160) is $1,779 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,600); a 2-bedroom is $1,880.

Rank in Las Vegas

19th cheapest of 42 ZIP codes in Las Vegas.

Cheaper nearby

ZIP 89103, 2 miles away, rents for 15% less ($1,409/mo), about $3,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 89118. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,932/yr

At $1,661/mo median

Location

CityLas Vegas

StateNV

CountyClark County

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 (+0.9% YoY, -0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 89118 (Las Vegas, NV) is roughly split between renters and owners, 24.7% of residents hold a bachelor's degree or higher.

Population

22,610

Median income

$71,160

Median age

42.3

Renters

52.7%

Age distribution

15.8%

21.7%

33.6%

12.3%

16.6%

Under 1815.8%

18–3421.7%

35–5433.6%

55–6412.3%

65+16.6%

Gender

54.8%

45.2%

Male54.8%

Female45.2%

Race & ethnicity

38.3%

19.6%

19.3%

20.8%

White38.3%

Black19.6%

Hispanic19.3%

Asian20.8%

Other2.1%

Education (25+)

36.3%

29.3%

24.7%

No HS diploma9.7%

HS diploma36.3%

Some college29.3%

Bachelor's+24.7%

Housing tenure

47.3%

52.7%

Owner47.3%

Renter52.7%

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

2021 vs 2026

How ZIP 89118 in Las Vegas, NV has changed in 5 years

Rent

$1,362 → $1,661

up 22.0%

Income

$64,779 → $71,160

up 9.9%

Population

22,701 → 22,610

down 0.4%

Renter share

57.6% → 52.7%

-4.9 pts

Bachelor's+

24.4% → 24.7%

+0.3 pts

Median age

40.8 → 42.3

+1.5 yrs

The median rent in ZIP 89118 in Las Vegas, NV stood at $1,362 in 2021 and currently runs about $1,661, reflecting a 22.0% increase over the period. Census figures show median household income at $71,160 today, compared with $64,779 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Renters now make up 52.7% of households, compared with 57.6% five years ago. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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About renting in ZIP 89118

Last updated: October 17, 2026

ZIP code 89118 covers Las Vegas, NV. The median rent here is $1,661/mo as of October 2026. A 1-bedroom rents for a median of $1,600/mo. A 2-bedroom rents for a median of $1,880/mo.

At 28% of local median household income ($71,160/yr), ZIP 89118 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 89118?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (about $32/hour full-time) to afford the median rent of $1,661/mo in ZIP 89118. The local median household income is $71,160/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 89118?

Rent in ZIP 89118 has risen 0.9% over the past year as of September 2026. It sits 3.1% below its high of $1,715 in March 2025.

When is the cheapest time to rent in ZIP 89118?

Asking rents in ZIP 89118 are usually lowest in March, about 0.7% below their yearly trend, and highest in July, about 0.7% above it. At today's median that is a gap of roughly $23 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 89118?

Yes. From 2019 to 2024, rent in ZIP 89118 rose 40.9% while median household income rose 23%, from $57,859 to $71,160. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 89118 compare to other ZIPs in Nevada?

ZIP 89118 is one of the more affordable among Nevada ZIP codes for rent, ranking #55 of 82 at $1,661/mo. Over the year to September 2026, rent in ZIP 89118 changed +0.9%, against a typical +2.0% across the 77 Nevada ZIP codes Zillow tracks.