Rental market snapshot for South Reno, Reno
South Reno rental market summary
The rental market in South Reno, Nevada is showing signs of growth. In July of 2023, there were 266 new listings, a 4.6% increase from the previous month. This is a positive sign for the rental market, as it indicates that more people are looking for rental properties in the area. The median rent in South Reno also increased from $2,200 in June of 2023 to $2,099 in July of 2023, a 4.6% decrease. This is a sign that rental prices are becoming more affordable in the area.
The rental market in South Reno has seen a significant increase in the past year. The median rent in July of 2022 was $2,395, a 12.4% increase from the current median rent of $2,099. This indicates that rental prices are becoming more affordable in the area, which is good news for renters. With more new listings and lower rental prices, South Reno is becoming an attractive option for renters looking for a new home.
Median rent for all residential properties in South Reno
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The most expensive listings and top trending buildings in South Reno
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 13395 Damonte View Ln | $7,000 | 3 / 3.5 |
| 13320 Stoneland Dr | $6,000 | 4 / 3.5 |
| 10459 Summershade Ln | $4,500 | 3 / 2.0 |
| 10175 Mesa Cortona Dr | $4,100 | 4 / 3.0 |
| 2650 Colmar Ct | $3,895 | 3 / 3.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| The Wolff Company | $1,984 |
| Lewis Management Corp | $1,844 |
| Garibaldi | $1,820 |
| Greystar Real Estate Partners LLC | $1,624 |
| TruAmerica Multifamily LLC | $1,468 |
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Bedroom Breakdown in South Reno
South Reno neighborhood apartments rents
The rental market for studios in South Reno, Nevada is showing signs of growth. In July 2023, there were 3 new studio listings, which is a positive sign for the market. The median rent for studios in July 2023 was $1,499, which is a 7.1% increase from the median rent in June 2023 of $1,399. This indicates that the rental market for studios in South Reno is on the rise, and that renters should expect to pay more for studios in the area.
The rental market for 1-bedroom apartments in South Reno, Nevada is showing signs of growth. In July 2023, there were 24 new 1-bedroom listings, a 2.6% increase in median rent from June 2023 to July 2023, and a median rent of $1,818. This indicates that the rental market is becoming more competitive and that demand for 1-bedroom apartments is increasing.
The rental market for 2-bedroom apartments in South Reno, Nevada is showing signs of stability. In July 2023, there were 32 new 2-bedroom listings, and the median rent for 2-bedroom apartments remained relatively unchanged from June 2023, decreasing by only .8%. This indicates that the rental market is not experiencing any drastic changes, and that the prices of 2-bedroom apartments are staying relatively consistent.