Average Rent in Las Vegas, NV↓ Rents falling 2.8% YoY🔺 2nd priciest in NV

Las Vegas, NV has rental prices ranging from $1,310/month to $2,652/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,435/month — 3% above the national average of $1,400/month. With a median household income of $73,845/year, spending $1,435/month on a 1-bedroom represents 23% of gross income — within the recommended 30% threshold.

How Las Vegas Compares

With an average 2-bedroom rent of $1,686/month, Las Vegas ranks #2 most expensive of the 17 cities tracked in Nevada — pricier than 93% of all US cities in our data.

The Las Vegas Rental Market

The Las Vegas, NV area has a population of about 2,293,764 and 43% of households renting rather than owning. That renter share runs above the US average of ~34%, pointing to a competitive rental market where vacancies clear quickly and rents are less negotiable.

Rent Trends

2-bedroom rents in Las Vegas, NV have fallen by $49/month (2.8%) over the past year, from $1,735 to $1,686. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Las Vegas, NV without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $57,400. The local median household income of $73,845 exceeds that threshold by $16,445, making Las Vegas relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Las Vegas, NV is $417,475, giving a price-to-rent ratio of 20.6. With a break-even horizon of approximately 21 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Safety

Crime statistics for Las Vegas, NV show a violent crime rate of 385.54 per 100,000 residents (moderate) and a property crime rate of 1950.19 per 100,000 residents (moderate). As with any metro area, crime rates vary widely by neighborhood — prospective renters are encouraged to research specific areas within Las Vegas before signing a lease.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Las Vegas's neighborhoods. Among the highest-value areas are Downtown East ($280,212 median home value), Cultural Corridor ($305,782 median home value), West Las Vegas ($311,301 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Las Vegas, NV Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Las Vegas?

Break-even analysis and mortgage estimates based on local market data.

Living in Las Vegas

Cost of living, job market, crime rates, and moving cost estimates.