Average Rent in Reno, NV
The Fair Market Rent for a 2-bedroom in Reno, NV is $1,870 per month, based on HUD data. With a median household income of $84,684, a household would spend 26.5% of income on housing at Fair Market Rent. Rent has increased 18.2% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $1,289 |
| 1 Bedroom | $1,489 |
| 2 Bedroom | $1,870 |
| 3 Bedroom | $2,539 |
| 4 Bedroom | $2,949 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $84,684 |
| Rent Burden (2BR FMR / Income) | 26.5% |
| Income Needed for 2BR (30% rule) | $74,800/yr |