Rental market snapshot for South Central, Reno
South Central rental market summary
The rental market in South Central, Nevada is showing signs of growth. In July of 2023, there were 177 new listings, a 3.3% increase from the previous month. This is a sign that the rental market is becoming more competitive, as more people are looking for housing in the area. The median rent in July 2023 was $1,595, which is 11.4% lower than the median rent in July 2022. This indicates that the rental market is becoming more affordable for tenants, as prices have dropped significantly in the past year.
Overall, the rental market in South Central, Nevada is becoming more competitive and affordable for tenants. With more new listings and lower median rent prices, tenants have more options when it comes to finding a place to live. This is a positive sign for the rental market in South Central, Nevada, as it indicates that the market is growing and becoming more accessible for tenants.
Median rent for all residential properties in South Central
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The most expensive listings and top trending buildings in South Central
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 724 W Pleasant Oak Trl | $8,500 | 3 / 3.0 |
| 915 Maple Creek Ct | $7,500 | 3 / 4.0 |
| 6328 Windy Meadow Dr | $4,995 | 4 / 2.0 |
| 6168 Greenbrook Dr | $4,000 | 4 / 2.5 |
| 2031 Virginia Lake Way | $3,550 | 3 / 2.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Greystar Real Estate Partners LLC | $2,098 |
| TruAmerica Multifamily LLC | $1,500 |
| Horizon Realty Advisors | $1,425 |
| Mission Rock Residential | $1,416 |
| UW 2796 Plumas LLC c/o Nevada Commercial Services Inc | $1,275 |
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Bedroom Breakdown in South Central
South Central neighborhood apartments rents
The rental market for studios in South Central, Nevada is showing signs of growth. In May 2023, there were two new studio listings, indicating an increase in demand for rental units. The median rent for studios in May 2023 was $1,050, a 41.0% decrease from the median rent in April 2023 of $1,780. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants.
The rental market for 1-bedroom apartments in South Central, Nevada is showing signs of stability. In July 2023, there were 9 new 1-bedroom listings, and the median rent for 1-bedroom apartments decreased by 5.6% from June 2023 to July 2023, settling at $1,416. This suggests that the rental market is not experiencing any drastic changes, and that the prices are staying relatively consistent.
The rental market for 2-bedroom apartments in South Central, Nevada is relatively stable. In July 2023, there were 14 new 2-bedroom listings, and the median rent for 2-bedroom apartments was $1,656, which is a decrease of .8% from the median rent in June 2023. This indicates that the rental market is not experiencing any significant changes in the short-term.