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min read

Reno Market Rental Trends Report

Relocity's rental trends report shows you how the nation’s major rental markets stack up and reveals 2024 pricing trends.

In the first quarter of 2024, rents in Reno have risen just over 1%. This is a slower growth rate compared to what the city was experiencing at this point last year. This change in the market can be attributed to an increase in rental inventory. Reno currently has several new apartment communities coming on line which is creating more rental vacancies and keeping rent rates down. Citywide, the median rent currently stands at $1,400 for a 1-bedroom apartment and $1,791 for a 2-bedroom. Across all bedroom sizes (i.e., the entire rental market), the median rent is $1,750. This is down 7.5% from this time last year. That ranks Reno 70th in the nation, among the country's 100 largest cities.

Apartment Options

Parq Crossing Apartments

  • Studio / 1 bath
  • Sq Ft: 425
  • Rent: $1,132

Integra Peaks

  • 1 bed / 1 bath
  • Sq Ft: 665
  • Rent: $1,470

Double R

  • 2 bed / 2 bath
  • Sq Ft: 1,073
  • Rent: $2,002

Vida Luxury Apartments

  • 3 bed / 2 bath
  • Sq Ft: 1,438
  • Rent: $2,492


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