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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 89523 usually run 1.7% below trend in January and 1.8% above it in August, about $78 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 89523 is at its highest level since Zillow's records here began in May 2016.
Rent in ZIP 89523 changed +8.2% 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 89523 rose 27.2% while median household income rose 30.7% ($75,775 to $99,061). Income kept ahead of rent.
Rent in ZIP 89523 is 42.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 7 months in a row, and rose in 11 of the last 12 months.
30% of the median household income ($99,061) is $2,477 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,040); a 3-bedroom is $2,770.
7th cheapest of 10 ZIP codes in Reno.
ZIP 89503, 4 miles away, rents for 14% less ($1,920/mo), about $3,700 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 89523. 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 89523 (Reno, NV) is majority owner-occupied, has a large retiree population, has a median income above the national average, 44.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 89523 in Reno, NV has changed in 5 years
The median rent in ZIP 89523 in Reno, NV stood at $1,774 in 2021 and currently runs about $2,226, reflecting a 25.5% increase over the period. Local incomes tracked alongside that move, going from a median of $89,448 in 2021 to $99,061 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 3.9% since 2021, moving from about 35,738 residents to roughly 37,130. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 89523 in Reno, NV market of 2021.
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Tips for renters in ZIP 89523
Last updated: October 17, 2026
ZIP code 89523 covers Reno, NV. The median rent here is $2,226/mo as of October 2026. A 1-bedroom rents for a median of $1,620/mo. A 2-bedroom rents for a median of $2,040/mo.
At 27% of local median household income ($99,061/yr), ZIP 89523 ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.2% over the past year.
Frequently asked questions
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How does ZIP 89523 compare to the rest of Reno?
At $2,226/mo, rent takes ~27% of ZIP 89523's median household income ($99,061/yr). The standard benchmark is 30%.
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