Downtown Las Vegas, Las Vegas, NV Rental Market Trends
Last updated: April 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Las Vegas is $1,231, a 0.61% decrease compared to the previous year, when the average rent was $1,238.
Studio Apartments at $946 offer the most budget-friendly option with 297 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 641 square feet for $1,116, balancing privacy and affordability.
Two-beedroom units at $1,439 offer 929 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,116 sq ft) for $1,615, suitable for larger households.
Average rent in Downtown Las Vegas, Las Vegas, NV
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,231 | 699 sq. ft. |
| Studio | $946 | 297 sq. ft. |
| 1 Bed | $1,116 | 641 sq. ft. |
| 2 Beds | $1,439 | 929 sq. ft. |
| 3 Beds | $1,615 | 1,116 sq. ft. |
Downtown Las Vegas, Las Vegas, NV rent trends
Rental prices in Downtown Las Vegas, Las Vegas, NV have decreased by 0.61% over the past year. The average rent moved from $1,238 to $1,231.
What's the typical rent budget in Downtown Las Vegas, Las Vegas, NV?
The largest share of rentals in Downtown Las Vegas, Las Vegas, NV (52%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Downtown Las Vegas, Las Vegas, NV?
16,239 or 71% of the households in Downtown Las Vegas, Las Vegas, NV are renter-occupied while 6,637 or 29% are owner-occupied.
Most affordable neighborhoods in Downtown Las Vegas?
Arts District $984/month
The Strip $1,059/month
Gateway District $1,068/month
All of these neighborhoods fall below the city wide average of $1,458/month.Most expensive neighborhoods in Downtown Las Vegas?
Amber Hills $1,992/month
Centennial Point $2,008/month
The Crossing $2,061/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Las Vegas, NV By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| The Crossing | $2,061 |
| Centennial Point | $2,008 |
| Amber Hills | $1,992 |
| Spinnaker Homes at Centennial Hill | $1,945 |
| Lone Mountain | $1,829 |
| Chatham Hills | $1,798 |
| Mountain Edge | $1,758 |
| Providence | $1,758 |
| Centennial | $1,730 |
| Peccole Ranch | $1,671 |
| Smoke Ranch Villas | $1,640 |
| Summerlin | $1,577 |
| The Lakes | $1,485 |
| Coleman Park | $1,467 |
| Smoke Ranch | $1,436 |
| Northbrooke | $1,435 |
| Rancho Manor | $1,435 |
| Canyon Gate | $1,431 |
| Charleston Heights Park | $1,425 |
| Kensington | $1,374 |
| Hillcrest at Summit Hills | $1,373 |
| Rancho Sereno | $1,363 |
| Showboat | $1,352 |
| Artesian Heights | $1,300 |
| Woodcrest | $1,296 |
| Beverly Green | $1,274 |
| Avila Park | $1,239 |
| Downtown Las Vegas | $1,231 |
| Quail Estates West | $1,175 |
| Westchester Manor | $1,170 |
| Meadows Mobile Home Park | $1,099 |
| Gateway District | $1,068 |
| The Strip | $1,059 |
| Arts District | $984 |
Las Vegas | Rent Comparison by Neighborhood
Rent in Downtown Las Vegas is 38% lower than in Amber Hills
Downtown Las Vegas rent is the same as Las Vegas average
Amber Hills rent is 62% higher than Las Vegas average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Las Vegas apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.