Average Rent in 89123, Paradise, NV

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Current Versus Historical 89123, Paradise, NV Rents

89123 rentals average $0 for a studio rental to $2,695 for a 4-bedroom rental. The median price of all currently available listings is $1,950, or roughly $1 per square feet.
For the apartment units and housing in November 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $1,125 (-44.55%) year-over-year from $2,525 to $1,400. 1-bedroom rentals prices have decreased by $33 (-2.33%) year-over-year from $1,433 to $1,400. 2-bedroom rentals prices have decreased by $58 (-3.37%) year-over-year from $1,708 to $1,650. 3-bedroom rentals prices have increased by $15 (0.76%) year-over-year from $1,980 to $1,995. 4-bedroom rentals prices have increased by $49 (1.92%) year-over-year from $2,550 to $2,599. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 3.45% this month. 1-bedroom rents have gone down by 10.59% this month. 2-bedroom rents have gone down by 2.41% this month. 3-bedroom rents have gone up by 0.67% this month. 4-bedroom rents have gone up by 3.35% this month.
Beds
Price / Sqft
Nov 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $1.70 $1,400 $1,433 (-2.33%) $1,390 (0.72%)
2 BR $1.46 $1,650 $1,708 (-3.37%) $1,556 (6.05%)
3 BR $1.35 $1,995 $1,980 (0.76%) $1,832 (8.92%)
4+ BR $1.13 $2,599 $2,550 (1.92%) $2,953 (-12.00%)

Historical Rents in 89123, Paradise, NV

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 89123

There are a total of 10 cities nearby 89123. The average rent in 89123 is currently $2,025 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Sunrise Manor, NV, with an average rent of $1,500, is the most affordable city nearby. In contrast, the most expensive city near 89123, Paradise, NV is Summerlin South, NV. Monthly rents here are on average $2,675 per month.

Let's compare 89123, Paradise, NV's rent against other top cities nearby by bedroom size. One bedrooms are about 12.68% more expensive. Two bedrooms in 89123, Paradise, NV are about 2.94% more expensive. Finally, rent for three bedrooms are about 0.63% more affordable. Want more information? Check out the top 10 cities near 89123, Paradise, NV in the following chart.
City Studio 1 Bed 2 Bed All
Sunrise Manor, NV N/A $950 $1,150 $1,500
Whitney, NV N/A $1,095 $1,495 $1,799
North Las Vegas, NV $760 $850 $1,525 $1,950
Paradise, NV $1,450 $1,550 $1,700 $1,965
Spring Valley, NV N/A $1,250 $1,425 $1,999
Las Vegas, NV $895 $1,195 $1,650 $2,050
Enterprise, NV N/A $1,400 $1,713 $2,200
Henderson, NV $1,950 $1,450 $1,650 $2,200
Winchester, NV N/A $2,100 $2,850 $2,450
Summerlin South, NV N/A N/A $2,500 $2,675

Top Neighborhoods Near 89123

There are a total of 9 neighborhoods in or near 89123. Some of these neighborhoods include Downtown Las Vegas, Bella Vita, and Silverado Ranch. We've included all of these top 9 neighborhoods in or near 89123, Paradise, NV in the following chart.

The average rent for these 9 neighborhoods in or near 89123, Paradise, NV is currently around $2,200 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only seven neighborhoods have a higher average rent than $2,200. Interestingly, the neighborhoods' average rent is higher than 89123's average rent, which is only $1,950. Out of all the neighborhoods in or near 89123, Downtown Las Vegas has the most affordable average rent at $1,200 per month. Whereas, at $2,595 average rent per month, Southern Highlands is the most expensive neighborhood in or near 89123. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Downtown Las Vegas, Las Vegas, NV $895 $1,098 $1,250 $1,200
Bella Vita, Spring Valley, NV N/A $1,100 $1,300 $1,250
Silverado Ranch, Paradise, NV N/A $1,363 $1,748 $2,000
Green Valley North, Henderson, NV N/A N/A $1,473 $2,095
Rhodes Ranch, Spring Valley, NV N/A $1,538 $1,599 $2,200
Mountain Edge, Enterprise, NV N/A N/A $1,698 $2,200
Mira Villas, Las Vegas, NV N/A $1,400 $1,900 $2,300
The Strip, Paradise, NV $2,075 $2,800 $2,295 $2,500
Southern Highlands, Enterprise, NV N/A N/A N/A $2,595

Top Counties Near 89123

There are a total of 9 counties located by 89123, Paradise, NV. The average rent for rentals in these counties is $2,095. That's roughly around $1 per sqft. The county that is the most affordable is Clark, NV. It's average rent per month is $2,095. Vice versa, with an average rent of $2,095, Clark, NV is the most expensive county by 89123, Paradise, NV.

Typically, rent for studios in 89123, Paradise, NV is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 89123, Paradise, NV is 7.32% more expensive than other counties nearby. Finally, rent for two bedrooms in 89123, Paradise, NV is 6.18% more expensive than other counties nearby. We've listed the top 1 counties in the chart below.
County Studio 1 Bed 2 Bed All
Clark, NV $895 $1,298 $1,595 $2,095

Top Zipcodes Near 89123

There are a total of 15 zipcodes in or near 89123, Paradise, NV. The average rent for all of these zipcodes is $2,000. A total of 6 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 89119, Paradise, NV at $1,295 per month. In comparison, the zipcode with the most expensive average rent of $2,629 per month is 89012, Henderson, NV.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 89123, Paradise, NV is $1,000 per month. Or in other words, $1 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,560 per month. Which comes out to $1 per sqft. The following chart includes the top 10 zipcodes in 89123, Paradise, NV. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
89148, Clark County, NV N/A N/A $1,700 $2,229
89117, Las Vegas, NV N/A $1,275 $1,525 $2,100
89052, Henderson, NV N/A $1,250 $1,798 $2,500
89103, Paradise, NV N/A $1,195 $1,450 $1,595
89147, Spring Valley, NV N/A $1,300 $1,485 $2,173
89129, Clark County, NV N/A N/A $1,650 $2,065
89183, Paradise, NV N/A $1,350 $1,748 $1,993
89128, Las Vegas, NV N/A $1,248 $1,599 $1,850
89074, Henderson, NV N/A $1,450 $1,560 $2,100
89012, Henderson, NV N/A N/A $1,948 $2,629

Frequently Asked Questions - 89123 Average Rents

What is the average rent price in 89123, Paradise, NV?
The average monthly rental price for 89123, Paradise, NV apartments for rent is approximately $1,950. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 89123, Paradise, NV rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 89123, Paradise, NV.
How much is a studio apartment in 89123, Paradise, NV?
The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 1 studio apartment listings currently available for rent in 89123.
How much is a one bedroom apartment in 89123, Paradise, NV?
The average monthly rental price for one bedroom apartments is $1,400 and an average price per square feet of $1.70. There are a total of 16 one bedroom apartment listings currently available for rent in 89123.
How much is a two bedroom apartment in 89123, Paradise, NV?
The average monthly rental price for two bedroom apartments is $1,700 and an average price per square feet of $1.46. There are a total of 45 two bedroom apartment listings currently available for rent in 89123.
How have rent prices in 89123, Paradise, NV changed this year?
Rent prices for rentals in 89123, Paradise, NV can fluctuate yearly. Specifically, studio rental prices have changed by -0.45%, one bedroom rental prices have changed by -0.02%, two bedroom rental prices have changed by -0.03%, and three bedroom rental prices have changed by 0.01% year-over-year.
What is a reasonable rent price in 89123, Paradise, NV?
A reasonable rent price in 89123, Paradise, NV is around $1,560/month. You can search for these reasonably priced rental listings on RentHop.
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