Average Rent in Downtown Las Vegas, Las Vegas, NV

Home » NV » Las Vegas » Downtown Las Vegas

Current Versus Historical Downtown Las Vegas, Las Vegas, NV Rents

Downtown Las Vegas rentals average $845 for a studio rental to $2,400 for a 3-bedroom rental. The median price of all currently available listings is $1,138, or roughly $2 per square feet.

For the apartment units and housing in December 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $144 (-14.56%) year-over-year from $989 to $845. 1-bedroom rentals prices have increased by $181 (13.73%) year-over-year from $1,317 to $1,498. 2-bedroom rentals prices have decreased by $192 (-13.77%) year-over-year from $1,392 to $1,200. 3-bedroom rentals prices have decreased by $23 (-1.32%) year-over-year from $1,773 to $1,750. 4-bedroom rentals prices have decreased by $805 (-23.00%) year-over-year from $3,500 to $2,695. 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 7.31% this month. 1-bedroom rents have gone down by 0.33% this month. 2-bedroom rents have gone up by 3.15% this month. 3-bedroom rents have gone up by 7.25% this month. 4-bedroom rents have gone down by 20.66% this month.

Beds	Price / Sqft	Dec 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.11	$845	$989 (-14.56%)	$1,306 (-35.30%)
1 BR	$1.86	$1,498	$1,317 (13.73%)	$1,127 (32.91%)
2 BR	$0.66	$1,200	$1,392 (-13.77%)	$1,079 (11.20%)
3 BR	$1.28	$1,750	$1,773 (-1.32%)	$1,499 (16.76%)

Historical Rents in Downtown Las Vegas, Las Vegas, NV

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Downtown Las Vegas

There are a total of 10 cities nearby Downtown Las Vegas. The average rent in Downtown Las Vegas is currently $2,000 per month. 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 Downtown Las Vegas, Las Vegas, NV is Summerlin South, NV. Monthly rents here are on average $2,750 per month.

Let's compare Downtown Las Vegas, Las Vegas, NV's rent against other top cities nearby by bedroom size. One bedrooms are about 12.34% more expensive. Two bedrooms in Downtown Las Vegas, Las Vegas, NV are about 29.80% more affordable. Finally, rent for three bedrooms are about 14.69% more expensive. Want more information? Check out the top 10 cities near Downtown Las Vegas, Las Vegas, NV in the following chart.

City	Studio	1 Bed	2 Bed	All
Sunrise Manor, NV	N/A	$999	$1,150	$1,500
Whitney, NV	N/A	N/A	$1,300	$1,800
Paradise, NV	$1,513	$1,595	$1,650	$1,895
North Las Vegas, NV	$798	$925	$1,500	$1,950
Las Vegas, NV	$845	$1,200	$1,595	$2,000
Spring Valley, NV	N/A	$1,250	$1,499	$2,000
Enterprise, NV	N/A	$1,387	$1,713	$2,195
Henderson, NV	$1,550	$1,450	$1,738	$2,250
Winchester, NV	N/A	$2,300	$1,700	$2,300
Summerlin South, NV	N/A	N/A	$2,500	$2,750

Top Neighborhoods Near Downtown Las Vegas

There are a total of 7 neighborhoods in or near Downtown Las Vegas. Some of these neighborhoods include Green Valley North, Silverado Ranch, and The Strip. We've included all of these top 7 neighborhoods in or near Downtown Las Vegas, Las Vegas, NV in the following chart.

The average rent for these 7 neighborhoods in or near Downtown Las Vegas, Las Vegas, NV is currently around $2,183 per month. Meaning, only seven neighborhoods have a higher average rent than $2,183. Interestingly, the neighborhoods' average rent is higher than Downtown Las Vegas's average rent, which is only $1,138. Out of all the neighborhoods in or near Downtown Las Vegas, Silverado Ranch has the most affordable average rent at $1,950 per month. Whereas, at $2,500 average rent per month, Southern Highlands is the most expensive neighborhood in or near Downtown Las Vegas. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Green Valley North, Henderson, NV	N/A	N/A	$1,600	$1,950
Silverado Ranch, Paradise, NV	N/A	$1,325	$1,750	$1,950
The Strip, Paradise, NV	$2,025	$1,800	$2,095	$2,050
Mountain Edge, Enterprise, NV	N/A	N/A	$1,750	$2,183
Rhodes Ranch, Spring Valley, NV	N/A	$1,575	$1,600	$2,197
Mira Villas, Las Vegas, NV	N/A	$1,375	$1,895	$2,350
Southern Highlands, Enterprise, NV	N/A	N/A	N/A	$2,500

Top Counties Near Downtown Las Vegas

There are a total of 7 counties located by Downtown Las Vegas, Las Vegas, NV. The average rent for rentals in these counties is $2,050. That's roughly around $1 per sqft. The county that is the most affordable is Clark, NV. It's average rent per month is $2,050. Vice versa, with an average rent of $2,050, Clark, NV is the most expensive county by Downtown Las Vegas, Las Vegas, NV.

Typically, rent for studios in Downtown Las Vegas, Las Vegas, NV is 9.17% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Downtown Las Vegas, Las Vegas, NV is 6.98% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown Las Vegas, Las Vegas, NV is 26.00% more affordable than other counties nearby. We've listed the top 1 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Clark, NV	$923	$1,300	$1,575	$2,050

Top Zipcodes Near Downtown Las Vegas

There are a total of 17 zipcodes in or near Downtown Las Vegas, Las Vegas, NV. The average rent for all of these zipcodes is $1,958.

The following chart includes the top 10 zipcodes in Downtown Las Vegas, Las Vegas, NV. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
89032, North Las Vegas, NV	N/A	N/A	$1,845	$2,000
89121, Paradise, NV	$1,225	$1,475	$1,300	$1,750
89119, Paradise, NV	$1,060	$998	$1,298	$1,295
89108, Las Vegas, NV	N/A	$1,025	$1,350	$1,600
89103, Paradise, NV	N/A	$1,250	$1,495	$1,650
89117, Las Vegas, NV	N/A	$1,250	$1,590	$2,100
89128, Las Vegas, NV	N/A	$1,200	$1,500	$1,890
89014, Henderson, NV	N/A	N/A	$1,485	$1,875
89123, Paradise, NV	N/A	$1,387	$1,650	$1,899
89074, Henderson, NV	N/A	$1,373	$1,669	$2,023

Frequently Asked Questions - Downtown Las Vegas Average Rents

What is the average rent price in Downtown Las Vegas, Las Vegas, NV?

The average monthly rental price for Downtown Las Vegas, Las Vegas, NV apartments for rent is approximately $1,138. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Downtown Las Vegas, Las Vegas, 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 Downtown Las Vegas, Las Vegas, NV.

How much is a studio apartment in Downtown Las Vegas, Las Vegas, NV?

The average monthly rental price for studio apartments is $845 and an average price per square feet of $2.11. There are a total of 15 studio apartment listings currently available for rent in Downtown Las Vegas.

How much is a one bedroom apartment in Downtown Las Vegas, Las Vegas, NV?

The average monthly rental price for one bedroom apartments is $1,398 and an average price per square feet of $1.86. There are a total of 34 one bedroom apartment listings currently available for rent in Downtown Las Vegas.

How much is a two bedroom apartment in Downtown Las Vegas, Las Vegas, NV?

The average monthly rental price for two bedroom apartments is $1,250 and an average price per square feet of $0.66. There are a total of 16 two bedroom apartment listings currently available for rent in Downtown Las Vegas.

How have rent prices in Downtown Las Vegas, Las Vegas, NV changed this year?

Rent prices for rentals in Downtown Las Vegas, Las Vegas, NV can fluctuate yearly. Specifically, studio rental prices have changed by -0.15%, one bedroom rental prices have changed by 0.14%, two bedroom rental prices have changed by -0.14%, and three bedroom rental prices have changed by -0.01% year-over-year.

What is a reasonable rent price in Downtown Las Vegas, Las Vegas, NV?

A reasonable rent price in Downtown Las Vegas, Las Vegas, NV is around $910/month. You can search for these reasonably priced rental listings on RentHop.