Average Rent in Downtown Las Vegas, Las Vegas, NV

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

Downtown Las Vegas rentals average $820 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $1,425, or roughly $1 per square feet.

For the apartment units and housing in January 2025, median rents have risen substantially over the last year. Studio rentals prices have decreased by $63 (-6.10%) year-over-year from $1,036 to $973. 1-bedroom rentals prices have increased by $558 (53.73%) year-over-year from $1,039 to $1,598. 2-bedroom rentals prices have increased by $371 (25.99%) year-over-year from $1,427 to $1,798. 3-bedroom rentals prices have decreased by $65 (-3.49%) year-over-year from $1,865 to $1,800. 4-bedroom rentals prices have decreased by $700 (-21.88%) year-over-year from $3,200 to $2,500. 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 up by 7.56% this month. 1-bedroom rents have gone up by 20.72% this month. 2-bedroom rents have gone up by 30.97% this month. 3-bedroom rents have gone up by 2.37% this month. 4-bedroom rents have gone down by 4.94% this month.

Beds	Price / Sqft	Jan 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.03	$973	$1,036 (-6.10%)	$1,043 (-6.76%)
1 BR	$1.45	$1,598	$1,039 (53.73%)	$1,445 (10.55%)
2 BR	$0.93	$1,798	$1,427 (25.99%)	$1,118 (60.85%)
3 BR	$1.16	$1,800	$1,865 (-3.49%)	$1,998 (-9.91%)

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 9 cities nearby Downtown Las Vegas. The average rent in Downtown Las Vegas is currently $2,051 per month. Our records show that Sunrise Manor, NV, with an average rent of $1,550, 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 $2,850 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 15.49% more expensive. Two bedrooms in Downtown Las Vegas, Las Vegas, NV are about 13.93% more affordable. Finally, rent for three bedrooms are about 16.67% more affordable. Want more information? Check out the top 9 cities near Downtown Las Vegas, Las Vegas, NV in the following chart.

City	Studio	1 Bed	2 Bed	All
Sunrise Manor, NV	N/A	$1,075	$1,185	$1,550
Paradise, NV	$1,575	$1,600	$1,595	$1,900
North Las Vegas, NV	N/A	$950	$1,500	$1,995
Spring Valley, NV	N/A	$1,350	$1,495	$2,000
Las Vegas, NV	$845	$1,250	$1,565	$2,051
Enterprise, NV	N/A	$1,399	$1,700	$2,200
Winchester, NV	N/A	$2,195	$2,410	$2,250
Henderson, NV	N/A	$1,495	$1,795	$2,300
Summerlin South, NV	N/A	N/A	$2,650	$2,850

Top Neighborhoods Near Downtown Las Vegas

There are a total of 8 neighborhoods in or near Downtown Las Vegas. Some of these neighborhoods include Silverado Ranch, Mountain Edge, and The Strip. We've included all of these top 8 neighborhoods in or near Downtown Las Vegas, Las Vegas, NV in the following chart.

The average rent for these 8 neighborhoods in or near Downtown Las Vegas, Las Vegas, NV is currently around $2,113 per month. Meaning, only eight neighborhoods have a higher average rent than $2,113. Interestingly, the neighborhoods' average rent is higher than Downtown Las Vegas's average rent, which is only $1,425. Out of all the neighborhoods in or near Downtown Las Vegas, Silverado Ranch has the most affordable average rent at $1,975 per month. Whereas, at $2,568 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
Silverado Ranch, Paradise, NV	N/A	$1,400	$1,700	$1,975
Mountain Edge, Enterprise, NV	N/A	N/A	N/A	$2,090
The Strip, Paradise, NV	$2,075	$1,850	$2,100	$2,098
Green Valley North, Henderson, NV	N/A	N/A	$1,795	$2,100
Green Valley South, Henderson, NV	N/A	$1,373	$1,600	$2,125
Rhodes Ranch, Spring Valley, NV	N/A	$1,575	$1,524	$2,200
Mira Villas, Las Vegas, NV	N/A	N/A	$1,823	$2,400
Southern Highlands, Enterprise, NV	N/A	N/A	N/A	$2,568

Top Counties Near Downtown Las Vegas

There are a total of 8 counties located by Downtown Las Vegas, Las Vegas, NV. The average rent for rentals in these counties is $2,100. That's roughly around $1 per sqft. The county that is the most affordable is Clark, NV. It's average rent per month is $2,100. Vice versa, with an average rent of $2,100, 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 41.77% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Downtown Las Vegas, Las Vegas, NV is 13.93% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown Las Vegas, Las Vegas, NV is 13.93% 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	$1,163	$1,375	$1,595	$2,100

Top Zipcodes Near Downtown Las Vegas

There are a total of 15 zipcodes in or near Downtown Las Vegas, Las Vegas, NV. The average rent for all of these zipcodes is $2,000.

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
89121, Paradise, NV	$1,175	$1,250	$1,250	$1,799
89119, Paradise, NV	$1,060	$1,013	$1,375	$1,350
89108, Las Vegas, NV	N/A	$1,000	$1,400	$1,650
89103, Paradise, NV	N/A	$1,250	$1,500	$1,595
89117, Las Vegas, NV	N/A	$1,350	$1,595	$2,150
89128, Las Vegas, NV	N/A	$1,385	$1,500	$1,965
89123, Paradise, NV	N/A	$1,400	$1,685	$1,900
89074, Henderson, NV	N/A	$1,250	$1,650	$2,100
89129, Clark County, NV	N/A	N/A	$1,725	$2,000
89147, Spring Valley, NV	N/A	$1,400	$1,450	$2,100

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 $1,425. 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 $820 and an average price per square feet of $2.03. There are a total of 12 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 $1,598 and an average price per square feet of $1.45. 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 $1,400 and an average price per square feet of $0.93. There are a total of 17 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 -0.06%, one bedroom rental prices have changed by 0.54%, two bedroom rental prices have changed by 0.26%, and three bedroom rental prices have changed by -0.03% 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 $1,140/month. You can search for these reasonably priced rental listings on RentHop.