ZIP Code · NV

ZIP 89501

Part of Reno, NV

Pop. 3,507·Washoe County·54th most expensive ZIP in Nevada

Median rent (all units)

$1,671/mo

Year-over-Year

+22.8%

Month-over-Month

+2.1%

vs US Median

-$261

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 89501 · $1,671

More affordable than 60% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,070

1 BR

$1,240

2 BR

$1,550

3 BR

$2,150

4 BR+

$2,510

Research median

$1,550/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

Compared with the peak

Rent in ZIP 89501 is at its highest level since Zillow's records here began in December 2021.

Past year vs. the rest of Nevada

Rent in ZIP 89501 changed +22.8% over the year to September 2026. Across the 77 Nevada ZIP codes Zillow tracks, the typical change was +2.0%.

Recent direction

Rent has risen 4 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($33,963) is $849 a month. That is less than HUD's Fair Market Rent for a studio ($1,070).

Rank in Reno

3rd cheapest of 10 ZIP codes in Reno.

From Zillow's monthly rent index (ZORI) for ZIP 89501. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,052/yr

At $1,671/mo median

Location

CityReno

StateNV

CountyWashoe County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 22.8% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+22.8% YoY, +2.1% MoM), not inventory.

Demographics

Who lives here

ZIP 89501 (Reno, NV) is majority renter-occupied, has a large retiree population, has a median income below the national average, 40.6% of residents hold a bachelor's degree or higher.

Population

3,507

Median income

$33,963

Median age

54.5

Renters

77.8%

Age distribution

28.9%

20.7%

21.6%

27.9%

Under 180.9%

18–3428.9%

35–5420.7%

55–6421.6%

65+27.9%

Gender

57.5%

42.5%

Male57.5%

Female42.5%

Race & ethnicity

78.3%

White78.3%

Black8.1%

Hispanic10.6%

Asian2.1%

Other0.9%

Education (25+)

25%

26.9%

40.6%

No HS diploma7.4%

HS diploma25%

Some college26.9%

Bachelor's+40.6%

Housing tenure

22.2%

77.8%

Owner22.2%

Renter77.8%

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

2022 vs 2026

How ZIP 89501 in Reno, NV has changed in 5 years

Rent

$1,141 → $1,671

up 46.5%

Income

$37,736 → $33,963

down 10.0%

Population

4,097 → 3,507

down 14.4%

Renter share

76.2% → 77.8%

+1.6 pts

Bachelor's+

36.9% → 40.6%

+3.7 pts

Median age

51.4 → 54.5

+3.1 yrs

The median rent in ZIP 89501 in Reno, NV stood at $1,141 in 2022 and currently runs about $1,671, reflecting a 46.5% increase over the period. Local incomes tracked alongside that move, going from a median of $37,736 in 2021 to $33,963 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 14.4% since 2021, moving from about 4,097 residents to roughly 3,507. Renters now make up 77.8% of households, compared with 76.2% five years ago. College-educated residents now make up 40.6% of adults here, versus 36.9% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 89501 in Reno, NV market of 2022.

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About renting in ZIP 89501

Last updated: October 17, 2026

ZIP code 89501 covers Reno, NV. The median rent here is $1,671/mo as of October 2026. A 1-bedroom rents for a median of $1,240/mo. A 2-bedroom rents for a median of $1,550/mo.

At 59% of local median household income ($33,963/yr), ZIP 89501 ranks as expensive compared to the national benchmark of 30%. Rents have increased 22.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 89501?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (about $32/hour full-time) to afford the median rent of $1,671/mo in ZIP 89501. The local median household income is $33,963/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 89501?

Rent in ZIP 89501 has risen 22.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in December 2021.

How does ZIP 89501 compare to other ZIPs in Nevada?

ZIP 89501 is in the middle among Nevada ZIP codes for rent, ranking #54 of 82 at $1,671/mo. Over the year to September 2026, rent in ZIP 89501 changed +22.8%, against a typical +2.0% across the 77 Nevada ZIP codes Zillow tracks.