ZIP Code · NV

ZIP 89506

Part of Reno, NV

Pop. 47,046·Washoe County·11th most expensive ZIP in Nevada

Median rent (all units)

$2,245/mo

Year-over-Year

+5.0%

Month-over-Month

Stable

vs US Median

+$313

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 89506 · $2,245

More expensive than 72% 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

$1,440

1 BR

$1,660

2 BR

$2,090

3 BR

$2,840

4 BR+

$3,300

Research median

$2,090/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

January. Asking rents in ZIP 89506 usually run 0.6% below trend in January and 0.9% above it in August, about $34 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 89506 is at its highest level since Zillow's records here began in December 2020.

Past year vs. the rest of Nevada

Rent in ZIP 89506 changed +5.0% 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 10 months in a row, and rose in 11 of the last 12 months.

What a typical income covers

30% of the median household income ($86,396) is $2,160 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,090); a 3-bedroom is $2,840.

Rank in Reno

9th cheapest of 10 ZIP codes in Reno.

From Zillow's monthly rent index (ZORI) for ZIP 89506. 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

$26,940/yr

At $2,245/mo median

Location

CityReno

StateNV

CountyWashoe County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (5.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+5.0% YoY, +0.0% MoM), not inventory.

Demographics

Who lives here

ZIP 89506 (Reno, NV) is majority owner-occupied, 21.7% of residents hold a bachelor's degree or higher.

Population

47,046

Median income

$86,396

Median age

35.7

Renters

29.3%

Age distribution

24.7%

24%

25.6%

13.9%

Under 1824.7%

18–3424%

35–5425.6%

55–6411.8%

65+13.9%

Gender

53.1%

46.9%

Male53.1%

Female46.9%

Race & ethnicity

54.5%

31.9%

White54.5%

Black2.8%

Hispanic31.9%

Asian4.6%

Other6.2%

Education (25+)

14.9%

29.5%

34%

21.7%

No HS diploma14.9%

HS diploma29.5%

Some college34%

Bachelor's+21.7%

Housing tenure

70.7%

29.3%

Owner70.7%

Renter29.3%

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

2021 vs 2026

How ZIP 89506 in Reno, NV has changed in 5 years

Rent

$1,757 → $2,245

up 27.8%

Income

$73,608 → $86,396

up 17.4%

Population

44,476 → 47,046

up 5.8%

Renter share

32.9% → 29.3%

-3.6 pts

Bachelor's+

19.5% → 21.7%

+2.2 pts

Median age

34.7 → 35.7

+1.0 yrs

Five years ago, renters in ZIP 89506 in Reno, NV paid around $1,757 a month. That figure now sits near $2,245, up 27.8% from the 2021 baseline. On the earnings side, the typical household in ZIP 89506 in Reno, NV now reports about $86,396, up from $73,608 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 89506 in Reno, NV adding about 2,570 residents over the five-year window, up 5.8% on net. The renter share has eased from 32.9% to 29.3%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 19.5% to 21.7% across the same window. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 89506 in Reno, NV reflects that arc in its own way.

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About renting in ZIP 89506

Last updated: October 17, 2026

ZIP code 89506 covers Reno, NV. The median rent here is $2,245/mo as of October 2026. A 1-bedroom rents for a median of $1,660/mo. A 2-bedroom rents for a median of $2,090/mo.

At 31% of local median household income ($86,396/yr), ZIP 89506 ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 89506?

To keep rent at or below 30% of gross income, you would need to earn at least $90,000/year (about $43/hour full-time) to afford the median rent of $2,245/mo in ZIP 89506. The local median household income is $86,396/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 89506?

Rent in ZIP 89506 has risen 5.0% over the past year as of September 2026. That is the highest level since Zillow's records here began in December 2020.

When is the cheapest time to rent in ZIP 89506?

Asking rents in ZIP 89506 are usually lowest in January, about 0.6% below their yearly trend, and highest in August, about 0.9% above it. At today's median that is a gap of roughly $34 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 89506 compare to other ZIPs in Nevada?

ZIP 89506 is one of the pricier among Nevada ZIP codes for rent, ranking #11 of 82 at $2,245/mo. Over the year to September 2026, rent in ZIP 89506 changed +5.0%, against a typical +2.0% across the 77 Nevada ZIP codes Zillow tracks.