Apartments in Painted Desert Las Vegas

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2
$950
5309 W Cheyenne Ave Las Vegas, NV
2 BR | Available Now
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Dog Friendly
Cat Friendly
10
$1,495
Las Vegas, NV
2 BR | Available Now
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Dog Friendly
House
Storage
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61
$2,850
3553 Scottsbluff St Las Vegas, NV
4 BR | Available Now
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Cimarron Gowan
19
$1,100
5317 Redberry St Las Vegas, NV
3 BR | Available Now
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$2,250
3549 Reserve Ct Las Vegas, NV
4 BR | Available Now
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Cimarron Gowan
12
$1,150
Las Vegas, NV
2 BR | Available Now
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Cat Friendly
Fitness Center
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33
$2,400
Las Vegas, NV
4 BR | Available Now
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Storage
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21
$1,400
3318 N Decatur Blvd Las Vegas, NV
2 BR | Available Now
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16
$2,175
Las Vegas, NV
3 BR | Available Now
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Cat Friendly
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$1,550
3151 Soaring Gulls Dr #1001 Las Vegas, NV
2 BR | May. 12, 2024
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Storage
Pool
18
$1,450
Las Vegas, NV
2 BR | Available Now
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Disability Access
15
$2,145
North Las Vegas, NV
4 BR | Available Now
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Balcony/Deck/Patio
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Las Vegas:
May Rent Report

Welcome to the May 2024 Las Vegas Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 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.

Monthly Rent Report

$1,550
$1,160
$780
$390
$0
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
1 BR       2 BR

Las Vegas Rent Prices Increase From April to May

Las Vegas rent prices increased over the last month. From April to May, the city experienced a 0.58% increase for the price of a one-bedroom apartment. The rent price for a Las Vegas one-bedroom apartments currently stands at $1,223.0.

When we take a look at the two-bedroom comparison from April to May, Las Vegas experienced a 0.81% increase for the price of a two-bedroom apartment. The rent price for a Las Vegas two-bedroom apartments currently stands at $1,491.0.

May Prices: Las Vegas vs. Surrounding Areas

Henderson, NV
North Las Vegas, NV
Las Vegas, NV
$1,557
$1,384
$1,216
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent

Rent Prices in Las Vegas and Surrounding Areas

Rent prices have increased 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 1 of the Las Vegas suburb increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in North Las Vegas, NV .

  • Rent decreased in Henderson, NV.

  • 2 suburbs are currently priced higher than the city of Las Vegas.

May 2024 Pricing Trends: Las Vegas vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Las Vegas, NV
Pittsburgh, PA
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,216
$1,178
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Las Vegas Rent Prices More Affordable Than Major Cities

Rent growth in Las Vegas over the past year has been on the rise. 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.

For more information about Las Vegas and surrounding area rent prices, take a look at the complete data set below.

Data set for Las Vegas and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Las Vegas, NV $1,216.0 -0.57% $1,479.0 0.00%
Henderson, NV $1,557.0 -0.26% $1,712.0 0.59%
North Las Vegas, NV $1,384.0 2.14% $1,633.0 0.99%

Methodology

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.