ZIP Code · NV

ZIP 89503

Part of Reno, NV

Pop. 30,249·Washoe County·35th most expensive ZIP in Nevada

Median rent (all units)

$1,920/mo

Year-over-Year

+8.5%

Month-over-Month

+1.2%

vs US Median

-$12

Reported rents

Rising (Monthly)

Be the first to discuss 89503 rents ↓

Most AffordableMost Expensive

ZIP 89503 · $1,920

More expensive than 57% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,160

1 BR

$1,340

2 BR

$1,680

3 BR

$2,280

4 BR+

$2,650

Research median

$1,680/mo

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

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 89503 usually run 0.8% below trend in January and 1% above it in July, about $35 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 89503 is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of Nevada

Rent in ZIP 89503 changed +8.5% 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 89503 rose 32.9% while median household income rose 24.2% ($53,720 to $66,743). Rent outpaced income.

Since before the pandemic

Rent in ZIP 89503 is 40.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 6 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($66,743) is $1,669 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,340); a 2-bedroom is $1,680.

Rank in Reno

5th cheapest of 10 ZIP codes in Reno.

Cheaper nearby

ZIP 89501, 2 miles away, rents for 13% less ($1,671/mo), about $3,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 89503. 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

$23,040/yr

At $1,920/mo median

Location

CityReno

StateNV

CountyWashoe County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 8.5% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+8.5% YoY, +1.2% MoM), not inventory.

Demographics

Who lives here

ZIP 89503 (Reno, NV) is roughly split between renters and owners, skews toward younger working-age adults, 34.4% of residents hold a bachelor's degree or higher.

Population

30,249

Median income

$66,743

Median age

Renters

54.4%

Age distribution

12.7%

39.4%

21.5%

15.3%

Under 1812.7%

18–3439.4%

35–5421.5%

55–6411.1%

65+15.3%

Gender

55%

45%

Male55%

Female45%

Race & ethnicity

68.5%

18.1%

White68.5%

Black3.6%

Hispanic18.1%

Asian7.5%

Other2.5%

Education (25+)

25.3%

31.1%

34.4%

No HS diploma9.2%

HS diploma25.3%

Some college31.1%

Bachelor's+34.4%

Housing tenure

45.6%

54.4%

Owner45.6%

Renter54.4%

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

2021 vs 2026

How ZIP 89503 in Reno, NV has changed in 5 years

Rent

$1,496 → $1,920

up 28.3%

Income

$58,678 → $66,743

up 13.7%

Population

30,350 → 30,249

down 0.3%

Renter share

55.5% → 54.4%

-1.1 pts

Bachelor's+

35.1% → 34.4%

-0.7 pts

Rent in ZIP 89503 in Reno, NV has climbed 28.3% since 2021, going from about $1,496 per month to roughly $1,920 today. On the earnings side, the typical household in ZIP 89503 in Reno, NV now reports about $66,743, up from $58,678 in 2021. Rent outpaced income growth by roughly 14.6 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 89503 in Reno, NV reflects that arc in its own way.

Community

Discussions about ZIP 89503

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 89503

About renting in ZIP 89503

Last updated: October 17, 2026

ZIP code 89503 covers Reno, NV. The median rent here is $1,920/mo as of October 2026. A 1-bedroom rents for a median of $1,340/mo. A 2-bedroom rents for a median of $1,680/mo.

At 35% of local median household income ($66,743/yr), ZIP 89503 ranks as moderate compared to the national benchmark of 30%. Rents have increased 8.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 89503?

To keep rent at or below 30% of gross income, you would need to earn at least $77,000/year (about $37/hour full-time) to afford the median rent of $1,920/mo in ZIP 89503. The local median household income is $66,743/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 89503?

Rent in ZIP 89503 has risen 8.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in ZIP 89503?

Asking rents in ZIP 89503 are usually lowest in January, about 0.8% below their yearly trend, and highest in July, about 1% above it. At today's median that is a gap of roughly $35 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 89503?

Yes. From 2019 to 2024, rent in ZIP 89503 rose 32.9% while median household income rose 24.2%, from $53,720 to $66,743. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 89503 compare to other ZIPs in Nevada?

ZIP 89503 is in the middle among Nevada ZIP codes for rent, ranking #35 of 82 at $1,920/mo. Over the year to September 2026, rent in ZIP 89503 changed +8.5%, against a typical +2.0% across the 77 Nevada ZIP codes Zillow tracks.