Reno market rental trends report

Over the past 3–6 months in Reno’s rental market, average asking rents have continued to trend modestly upward, with multi‑year data showing rent growth of around 5–7% year‑over‑year in late 2025 and early 2026, even as broader markets see slower increases. This steady growth has been driven by strong apartment demand and relatively limited rental inventory, as the Reno area remains attractive to both local renters and in‑migrants from higher‑cost regions like California, supporting occupancy and pricing strength. The current median rent in the Reno region is approximately $1,895 per month.

Apartment listings

Below are some recent listing examples.

The Bridges at Victorian Square

• Studio
• Sq Ft: 475
• Rent: $1,402

The View Luxury Apartments

• 1bd/1ba
• Sq Ft: 892
• Rent:$1,535

The Peak at Sky Mountain

• 2bd/2ba
• Sq Ft: 910
• Rent: $1,775

The Overlook at Keystone Canyon

• 3bd/2ba
• Sq Ft: 1,387
• Rent: $2,485

(Data sourced from Apartments.com)