How many apartments are available in Pahrump, NV on Rentable.co?
Rentable.co has over 133 apartments available in Pahrump.
Can I afford an apartment for rent in Pahrump, NV?
Based on average rent prices in Pahrump, to afford a three-bedroom apartment you would need an annual household income of $56,000 to live comfortably.
Pahrump: May Rent Report
Welcome to the May 2024 Pahrump 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 Pahrump rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in
Pahrump 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
Pahrump average rent prices in the chart below.
Monthly Rent Report
$1,850
$1,390
$930
$460
$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 BR2 BR
Pahrump Rent Prices Decrease From April to May
Pahrump rent prices decreased over the last month. From April to May, the city experienced a -8.89% decrease for the price of a one-bedroom apartment. The rent price for a Pahrump one-bedroom apartments currently stands at $1,640.0.
When we take a look at the two-bedroom comparison from April to May, Pahrump experienced a 3.97% increase for the price of a two-bedroom apartment. The rent price for a Pahrump two-bedroom apartments currently stands at $1,205.0.
May Prices: Pahrump vs. Surrounding Areas
Rent Prices in Pahrump and Surrounding Areas
Rent prices have decreased in Pahrump over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Pahrump 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:
Rents did not increase in any of the Pahrump suburbs
Rents did not decrease in any of the Pahrump suburbs.
May 2024 Pricing Trends: Pahrump vs. National Comparisons
New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$0
$1,350
$2,700
$4,050
$5,400
Median Rent
Pahrump Rent Prices More Affordable Than Major Cities
Rent growth in Pahrump over the past year has been
declining. When compared to major cities nearby, along
with some of the most expensive cities in the country, Pahrump average rent prices appear to be
relatively affordable for local residents.
The price for a Pahrump 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 Pahrump and surrounding area rent prices, take a look at the complete data set below.
Data set for Pahrump and suburbs
1 BR May
1 BR M/M % Change
2 BR May
2 BR M/M % Change
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.