Median rents, rental comps, and market trends across 12 zip codes in Las Vegas, NV.
No state income tax and one of the highest renter percentages of any major metro. Half the city rents, California migration keeps demand strong, and the house always wins — especially if you own it.
Median Asking Rent
$1,538
Rent Change (YoY)
-6.9%
Avg Days on Market
67
Active Rental Listings
2,346
Median List Price
$359,894
Average across 12 zip codes
ZIP | Median Rent |
|---|---|
| 89109 | $2,650/mo |
| 89117 | $2,000/mo |
| 89106 | $1,610/mo |
| 89107 | $1,595/mo |
| 89110 | $1,540/mo |
| 89108 | $1,526/mo |
| 89121 | $1,429/mo |
| 89103 | $1,395/mo |
| 89104 | $1,374/mo |
| 89102 | $1,264/mo |
| 89119 | $1,250/mo |
| 89101 | $1,155/mo |
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| Unit Size | Median Rent |
|---|---|
| Studio | $1,049/mo |
| 1 Bedroom | $1,059/mo |
| 2 Bedroom | $1,295/mo |
| 3 Bedroom | $1,893/mo |
| 4 Bedroom | $2,330/mo |
Aggregated median across all Las Vegas zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 89117 | $549,000 |
| 89101 | $398,888 |
| 89102 | $389,000 |
| 89107 | $365,000 |
| 89121 | $365,000 |
| 89110 | $359,900 |
| 89109 | $359,888 |
| 89104 | $350,000 |
| 89106 | $350,000 |
| 89108 | $350,000 |
| 89103 | $305,000 |
| 89119 | $225,000 |
| Unit Size | Fair Market Rent |
|---|---|
| Studio | $1,190/mo |
| 1 Bedroom | $1,330/mo |
| 2 Bedroom | $1,580/mo |
| 3 Bedroom | $2,210/mo |
| 4 Bedroom | $2,560/mo |
Fair Market Rents are published annually by HUD for the Las Vegas metropolitan area. Local housing authorities use these to set Section 8 voucher payment standards, typically between 90% and 110% of the FMR.
The median asking rent across Las Vegas, NV is currently $1,538/month, based on active rental listings across 12 zip codes. Median asking rents have decreased by -6.9% over the past 12 months.
Asking rents vary significantly across the city. ZIP 89109 has the highest median asking rent at $2,650/month, while ZIP 89101 comes in at $1,155/month.
Rental listings in the area spend an average of 67 days on market before being leased, suggesting a more tenant-friendly market.
The HUD Fair Market Rent for a 2-bedroom in the Las Vegas metro area is $1,580/month. Current median asking rents are near or below the FMR for this area.
Vegas has one of the highest percentages of renter households in the country, which makes it a fundamentally good market for landlords. No state income tax draws people from California, and that pipeline has been consistent. The economy has diversified beyond the Strip — healthcare, logistics, and professional services have grown — but hospitality is still the backbone. Summerlin and Henderson are premium. North Las Vegas and the east side are more affordable. Like Phoenix, summer heat is intense, and tenants will pay more for newer places with good AC systems. Worth knowing that a property near the Strip and one 20 minutes away serve completely different renter populations.
Want to look up rental comps and rent estimates for a specific property in Las Vegas? PropMetrics lets you search any address and get detailed rental data instantly.
Get rent estimates, comparable rentals, and market data for any property in Las Vegas, NV. Free to start.
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Fair market rent, Section 8, HUD... what does it all mean? A straightforward breakdown of how it works and why it matters.
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