ZIP 89123
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 89123 usually run 0.7% below trend in January and 0.9% above it in August, about $28 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 89123 is 0.3% below its high of $1,760 in July 2026, at $1,754 as of September 2026.
Rent in ZIP 89123 changed +1.4% over the year to September 2026. Across the 77 Nevada ZIP codes Zillow tracks, the typical change was +2.0%.
From 2019 to 2024, rent in ZIP 89123 rose 36.3% while median household income rose 22.9% ($68,691 to $84,428). Rent outpaced income.
Rent in ZIP 89123 is 35% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has fallen 2 months in a row, and rose in 6 of the last 12 months.
30% of the median household income ($84,428) is $2,111 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,990); a 3-bedroom is $2,770.
21st cheapest of 42 ZIP codes in Las Vegas.
ZIP 89119, 3 miles away, rents for 25% less ($1,324/mo), about $5,200 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 89123. 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.
Who lives here
ZIP 89123 (Las Vegas, NV) is majority owner-occupied, 31.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 89123 in Las Vegas, NV has changed in 5 years
The median rent in ZIP 89123 in Las Vegas, NV stood at $1,407 in 2021 and currently runs about $1,754, reflecting a 24.7% increase over the period. Local incomes tracked alongside that move, going from a median of $74,538 in 2021 to $84,428 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 4.3% since 2021, moving from about 60,823 residents to roughly 58,205. Renters now make up 40.6% of households, compared with 43.8% five years ago. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 89123 in Las Vegas, NV market of 2021.
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Tips for renters in ZIP 89123
Last updated: October 17, 2026
ZIP code 89123 covers Las Vegas, NV. The median rent here is $1,754/mo as of October 2026. A 1-bedroom rents for a median of $1,700/mo. A 2-bedroom rents for a median of $1,990/mo.
At 25% of local median household income ($84,428/yr), ZIP 89123 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.4% over the past year.
Frequently asked questions
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How does ZIP 89123 compare to other ZIPs in Nevada?
How does ZIP 89123 compare to the rest of Las Vegas?
At $1,754/mo, rent takes ~25% of ZIP 89123's median household income ($84,428/yr). The standard benchmark is 30%.
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