What is the Average Rental Rate for Real Estate in Las Vegas, Nevada?

The Las Vegas rental market is an ever-changing landscape, and it's important to stay up to date on the latest trends. If you're looking to learn more about what's happening in the Las Vegas rental market and how it compares to trends in the Las Vegas metro area in general and across the country, this article is for you. According to statistics, 44% of people who rent in Las Vegas, Nevada, have one vehicle available per household, 28% have two vehicles available, and 18% have no vehicle available. A total of 60,223 apartments for rent in Las Vegas, Nevada, or 54% of all rentals, are family homes.

The majority of condos for rent in Las Vegas, Nevada, are occupied by residents in the 25 to 34 age group (24%), followed by those in the 35 to 44 age group (22%).Renters occupy 47% of real estate properties in Las Vegas, Nevada, occupying a total of 110,579 units, while landlords live in 126,729 properties. Based on current rental prices, Sovana, Silverado Ranch, and Symphony Park are the most expensive neighborhoods in Las Vegas. By contrast, residents with less than a high school degree reside in 17% of rental housing in Las Vegas, Nevada. Based on current rental prices, the University District, Winchester, and Richfield are the most affordable neighborhoods in Las Vegas. The average rent in Las Vegas fell by 0.5% over the course of August and has now fallen by a total of 4.9% over the past 12 months.

There are 39,339 rentals in Las Vegas, Nevada with two beds - representing most of the market at 36%.The Las Vegas Strip, Central Las Vegas, and South Las Vegas are the neighborhoods with the most apartments available. CoStar is an industry leader in commercial real estate information, analysis, and news. They conduct extensive research to produce and maintain a comprehensive database of commercial real estate information.