Sin City is in many ways like travelling to a different planet. The bright lights of Las Vegas make it one of the most popular tourist attractions in the world, but to those who live there, it is all part of the day-to-day. Las Vegas is home to over 603,000 permanent residents, but at any given time it is hosting many more people than that thanks to the massive number of hotels. The most famous part of Las Vegas, the part that everyone thinks of when they picture the city, is known as the Las Vegas Strip. This is where the majority of the major casinos and resorts are congregated. However, there is an entire, very large residential and commercial section of the city that most visitors never see, and this is where the majority of the actual residents live out their daily lives.
Las Vegas doesn't have a high and low season the way many other locations do, partly because of its status as a year-round tourist destination. You can find an apartment at any time of year here. However, be sure to give yourself about six weeks to do an adequate and thorough search.
Finding an apartment can be hard, especially when there are so many choices. With our filters, you can narrow your search by price, floorplan, and amenities. Looking for an apartment building with a fitness center, swimming pool, and easy access to a dog park? We've got you covered.
Showing a landlord that you're in Las Vegas to work or study is very important. First, you should be willing to sign a long-term lease. Landlords here have to deal with a lot of people coming to town on a short-term basis, and are looking for stable renters. Second, if you have a job or have been accepted to school, it shows that you're serious about living in the city, and not just another person hoping to be the next famous professional poker player.
Las Vegas is well designed to shuttle people around who fly into town, and this is something the locals can take advantage of. Many people walk the Strip, but if you need to travel elsewhere in the city a bus is usually the way to go. The Regional Transportation Commission of Southern Nevada operates them. If you want to drive, which many of the locals do, just be sure to stay away from the Strip, as it is almost always subject to terrible traffic jams.
Las Vegas caters to people's every desire. Essentially, whatever you could imagine doing here, you probably can. Hit the strip for great food, great shows, or great gaming. Don't overlook the other things Vegas has to offer, like world-class golf just outside the city. There is also a lot of great hiking just outside the city, such as what you'll find at Red Rock Canyon.
Welcome to the May 2022 Las Vegas Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2022 key findings and figures for the Las Vegas rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Las Vegas and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Las Vegas average rent prices in the chart below.
Las Vegas rent prices decreased over the last month. From April to May, the city experienced a -0.29% decrease for the price of a one-bedroom apartment. The rent price for a Las Vegas one-bedroom apartments currently stands at $1,027.0.
When we take a look at the two-bedroom comparison from April to May, Las Vegas experienced a 2.77% increase for the price of a two-bedroom apartment. The rent price for a Las Vegas two-bedroom apartments currently stands at $1,372.0.
Rent prices have decreased in Las Vegas over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Las Vegas suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in Henderson, NV, North Las Vegas, NV .
Rents did not decrease in any of the Las Vegas suburbs.
2 suburbs are currently priced higher than the city of Las Vegas.
Rent growth in Las Vegas over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Las Vegas average rent prices appear to be relatively affordable for local residents.
The price for a Las Vegas one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
You can view the full rundown of Rentable's May 2022 National Apartment Report and data set here.
For more information about Las Vegas and surrounding area rent prices, take a look at the complete data set below.
|1 BR May||1 BR M/M % Change||2 BR May||2 BR M/M % Change|
|Las Vegas, NV||$1,030.0||-0.19%||$1,335.0||1.06%|
|North Las Vegas, NV||$1,501.0||0.67%||$1,609.0||0.50%|
Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.