Rent in Nevada
The median 2-bedroom Fair Market Rent in Nevada is $1,735/mo, ranking #11 out of 51 states for highest rent. This is $485 above the national median of $1,250/mo. Nevada has a population of 3.1M. About 40.7% of households rent their homes. Fair Market Rent data covers 4 areas across the state.
Highlights
All 4 Areas in Nevada
| Area | Studio | 1BR | 2BR | 3BR | Burden | YoY |
|---|---|---|---|---|---|---|
| Reno Pop. 557K | $1,289 | $1,489 | $1,870 | $2,539 | 26.5% | +18.2% |
| Las Vegas-Henderson-North Las Vegas Pop. 2.3M | $1,333 | $1,478 | $1,735 | $2,413 | 28.2% | - |
| Carson City Pop. 58K | $1,105 | $1,212 | $1,546 | $2,150 | 25.8% | +13.8% |
| Lyon County Pop. 61K | $1,070 | $1,076 | $1,272 | $1,769 | 20.8% | - |
Frequently Asked Questions
The median 2-bedroom Fair Market Rent across Nevada is $1,735 per month. Rents range from $1,272/mo in Lyon County to $1,870/mo in Reno. The actual median gross rent statewide is $1,489/mo according to Census data.
Nevada ranks #11 out of 51 states for highest median Fair Market Rent. The state median 2BR FMR of $1,735/mo is $485 above the national median of $1,250/mo.
The average rent burden across Nevada is 25.3%, meaning a typical household would spend 25.3% of income on a 2-bedroom at Fair Market Rent. No areas exceed HUD's 30% cost-burden threshold. The statewide median household income is $75,561.
The most affordable area in Nevada is Lyon County with a 2-bedroom Fair Market Rent of $1,272/mo. The median household income there is $73,460.
The most expensive area in Nevada is Reno with a 2-bedroom Fair Market Rent of $1,870/mo. The median household income there is $84,684.
Fair Market Rents represent the 40th percentile of gross rents for standard-quality rental units. State-level income and demographic data comes from the Census Bureau ACS 5-Year estimates. Rent burden is calculated as annual 2BR FMR divided by area median household income.