Las Vegas rents and rental comps

Name: Las Vegas, NV rental market data
Creator: PropMetrics

The median asking rent across 17 Las Vegas zip codes is $1,705/month, down 4.6% from a year ago.

No state income tax and one of the highest renter shares 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

$1,705

Rent Change (YoY)

-4.6%

Avg Days on Market

Active Rental Listings

3,587

Median List Price

$370,000

Median Asking Rent Over Time

Average across 17 zip codes

12 months-0.3%

Median Asking Rent by ZIP Code

Rental Listings by ZIP Code

ZIP	Median Rent	YoY Growth	$/Sqft	Avg DOM	Listings
89109	$2,495/mo	+6.2%	$1.93	63	119
89131	$2,250/mo	-1.1%	$1.21	26	182
89148	$2,200/mo	-2.2%	$1.25	34	347
89147	$2,050/mo	+2.8%	$1.36	38	295
89117	$1,999/mo	-4.8%	$1.40	45	304
89123	$1,950/mo	-2.5%	$1.38	39	299
89106	$1,654/mo	-2.4%	$1.33	53	90
89121	$1,650/mo	+3.1%	$1.27	46	189
89107	$1,529/mo	-7.3%	$1.48	54	82
89110	$1,499/mo	-6.0%	$1.39	57	119
89104	$1,475/mo	+1.7%	$1.44	84	132
89103	$1,450/mo	-3.3%	$1.50	56	317
89108	$1,450/mo	-14.5%	$1.34	47	244
89102	$1,361/mo	-14.9%	$1.41	82	134
89115	$1,350/mo	-6.9%	$1.26	62	211
89119	$1,250/mo	-7.4%	$1.37	71	238
89101	$1,095/mo	-18.9%	$1.56	75	285

Comps for any address in Las Vegas

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Median Asking Rent by Bedroom

Unit Size	Median Rent	$/Sqft
Studio	$1,023/mo	$2.30/sqft
1 Bedroom	$1,170/mo	$1.73/sqft
2 Bedroom	$1,350/mo	$1.37/sqft
3 Bedroom	$1,945/mo	$1.35/sqft
4 Bedroom	$2,405/mo	$1.27/sqft

Aggregated median across all Las Vegas zip codes with available data.

For-Sale Listings by ZIP Code

ZIP	Median List Price	YoY Change	$/Sqft
89131	$618,000	-1.9%	$256.14
89117	$534,900	-2.7%	$275.02
89148	$525,000	+1.9%	$260.46
89123	$459,900	+0.4%	$259.32
89147	$418,000	-2.3%	$252.45
89101	$389,000	-2.7%	$292.37
89107	$379,999	+2.2%	$248.37
89102	$375,000	-5.8%	$258.17
89104	$370,000	+2.8%	$225.43
89109	$360,000	-21.6%	$480.36
89106	$355,000	+1.4%	$254.47
89110	$349,900	-5.2%	$218.91
89121	$349,000	-3.1%	$208.28
89108	$340,000	-7.8%	$239.73
89115	$310,000	-6.1%	$207.39
89103	$295,000	-9.2%	$298.72
89119	$219,900	-0.0%	$214.95

HUD Fair Market Rents

Unit Size	Fair Market Rent	Median Asking Rent	Difference
Studio	$1,190/mo	$1,023/mo	-14%
1 Bedroom	$1,330/mo	$1,170/mo	-12%
2 Bedroom	$1,580/mo	$1,350/mo	-15%
3 Bedroom	$2,210/mo	$1,945/mo	-12%
4 Bedroom	$2,560/mo	$2,405/mo	-6%

HUD publishes Fair Market Rents once a year for the Las Vegas metro area. Local housing authorities use them to set Section 8 voucher payment standards, usually 90% to 110% of the FMR.

About the Las Vegas rental market

The median asking rent across Las Vegas, NV sits at $1,705/month, pulled from active rental listings in 17 zip codes. That's down 4.6% from a year ago.

Rents aren't uniform across the city. ZIP 89109 tops the list at $2,495/month. ZIP 89101 comes in lowest at $1,095/month. That's a 128% spread between the top and bottom zip codes, which is wide. City-wide averages won't tell you much about a specific property here.

A 2-bedroom rents for $1,350/month at the median. 1-bedrooms run about $1,170. 3-bedrooms come in around $1,945.

Listings take longer here. The average is 55 days on market, which gives renters more room to negotiate and means landlords should price carefully.

Rent-to-price math is tight in Las Vegas. The gross figure sits at about 5.5% ($1,705/month against $370,000 median price). Most investors here are betting on appreciation, not monthly cash flow.

HUD's Fair Market Rent for a 2-bedroom in the Las Vegas metro is $1,580/month. Asking rents track close to the federal benchmark, within 8%.

Vegas has one of the highest renter household percentages in the country, which makes it a fundamentally good market for landlords. No state income tax pulls people from California, and that pipeline has stayed consistent. The economy has diversified into healthcare, logistics, and professional services, but hospitality is still the backbone. Summerlin and Henderson are premium. North Las Vegas and the east side are cheaper. Like Phoenix, summer heat is intense, and tenants pay a premium for newer units with good AC. A property near the Strip and one 20 minutes away serve completely different renter populations.

These numbers are city-wide averages. If you're pricing a specific property in Las Vegas, pull comps from the same zip code. The spread is usually bigger than people expect.