Downtown Reno, Reno, NV Rental Market Trends
Last updated: April 14, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Reno is $1,478, a 1.7% decrease compared to the previous year, when the average rent was $1,503.
Studio Apartments at $1,145 offer the most budget-friendly option with 322 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 581 square feet for $1,490, balancing privacy and affordability.
Two-beedroom units at $2,004 offer 888 square feet, perfect for roommates or small families.
Average rent in Downtown Reno, Reno, NV
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,478 | 549 sq. ft. |
| Studio | $1,145 | 322 sq. ft. |
| 1 Bed | $1,490 | 581 sq. ft. |
| 2 Beds | $2,004 | 888 sq. ft. |
| 3 Beds | n/a | n/a |
Downtown Reno, Reno, NV rent trends
Rental prices in Downtown Reno, Reno, NV have decreased by 1.7% over the past year. The average rent moved from $1,503 to $1,478.
What's the typical rent budget in Downtown Reno, Reno, NV?
The largest share of rentals in Downtown Reno, Reno, NV (39%) 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?
2,594 or 61% of the households in Downtown Reno, Reno, NV are renter-occupied while 1,691 or 39% are owner-occupied.
Most affordable neighborhoods in Downtown Reno?
Academy Manor $1,044/month
Wells $1,313/month
Chism $1,326/month
All of these neighborhoods fall below the city wide average of $1,763/month.Most expensive neighborhoods in Downtown Reno?
Copper Point $1,996/month
Southeast Reno $2,110/month
West University $2,330/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Reno, NV By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| West University | $2,330 |
| Southeast Reno | $2,110 |
| Copper Point | $1,996 |
| Northgate | $1,845 |
| Monte Vista Village | $1,835 |
| Huffaker Park | $1,792 |
| Sierra Meadows | $1,779 |
| Northeast Reno | $1,769 |
| Sky Vista Village | $1,732 |
| The Village at Idlewild Park | $1,719 |
| Southwest Reno | $1,693 |
| Huffaker Hills | $1,684 |
| Midtown Reno | $1,573 |
| Silverada | $1,513 |
| Coit Heights | $1,484 |
| Country Club Acres | $1,481 |
| Downtown Reno | $1,478 |
| East Peckham | $1,416 |
| Heron's Landing | $1,394 |
| Chism | $1,326 |
| Wells | $1,313 |
| Academy Manor | $1,044 |
Reno | Rent Comparison by Neighborhood
Rent in Downtown Reno is 42% higher than in Academy Manor
Downtown Reno rent is the same as Reno average
Academy Manor rent is 29% lower than Reno average
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.