Downtown Reno, Reno, NV Rental Market Trends

Last updated: February 24, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Average rent in Downtown Reno, Reno, NV

Last updated: February 24, 2026

Downtown Reno, Reno, NV rent trends

Rental prices in Downtown Reno, Reno, NV have decreased by 0.55% over the past year. The average rent moved from $1,492 to $1,483.

What's the typical rent budget in Downtown Reno, Reno, NV?

The largest share of rentals in Downtown Reno, Reno, NV (60%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Downtown Reno, Reno, NV?

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Average Rent in Reno, NV By Neighborhood

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Reno | Rent Comparison by Neighborhood

Neighborhood
vs.

Rent in Downtown Reno is 40% higher than in Academy Manor

$1,483

Downtown Reno rent is the same as Reno average

Average Rent $1,483
$1,059

Academy Manor rent is 29% lower than Reno average

Average Rent $1,059

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Reno apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.