Downtown Las Vegas, Las Vegas, NV Rental Market Trends
Last updated: August 01, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Las Vegas is $1,252, a 0.49% decrease compared to the previous year, when the average rent was $1,258.
Studio Apartments at $913 offer the most budget-friendly option with 297 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 632 square feet for $1,173, balancing privacy and affordability.
Two-bedroom units at $1,461 offer 934 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,116 sq ft) for $1,594, suitable for larger households.
Average rent in Downtown Las Vegas, Las Vegas, NV
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,252 | 701 sq. ft. |
| Studio | $913 | 297 sq. ft. |
| 1 Bed | $1,173 | 632 sq. ft. |
| 2 Beds | $1,461 | 934 sq. ft. |
| 3 Beds | $1,594 | 1,116 sq. ft. |
Downtown Las Vegas, Las Vegas, NV rent trends
Rental prices in Downtown Las Vegas, Las Vegas, NV have decreased by 0.49% over the past year. The average rent moved from $1,258 to $1,252.
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 (51%) 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?
16,112 or 71% of the households in Downtown Las Vegas, Las Vegas, NV are renter-occupied while 6,525 or 29% are owner-occupied.
Most affordable neighborhoods in Downtown Las Vegas?
Meadows Mobile Home Park $1,089/month
Westchester Manor $1,164/month
The Strip $1,172/month
All of these neighborhoods fall below the city wide average of $1,474/month.Most expensive neighborhoods in Downtown Las Vegas?
Centennial Point $1,959/month
Arts District $2,108/month
The Crossing $2,220/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 | $2,220 |
| Arts District | $2,108 |
| Centennial Point | $1,959 |
| Amber Hills | $1,947 |
| Mountain Edge | $1,916 |
| Spinnaker Homes at Centennial Hill | $1,905 |
| Providence | $1,759 |
| Lone Mountain | $1,719 |
| Chatham Hills | $1,705 |
| Peccole Ranch | $1,649 |
| Centennial | $1,640 |
| Smoke Ranch Villas | $1,631 |
| Summerlin | $1,566 |
| Northbrooke | $1,514 |
| Gateway District | $1,466 |
| The Lakes | $1,457 |
| Coleman Park | $1,449 |
| Canyon Gate | $1,447 |
| Rancho Manor | $1,424 |
| Kensington | $1,403 |
| Smoke Ranch | $1,392 |
| Charleston Heights Park | $1,358 |
| Hillcrest at Summit Hills | $1,348 |
| Woodcrest | $1,348 |
| Rancho Sereno | $1,288 |
| Artesian Heights | $1,273 |
| Downtown Las Vegas | $1,252 |
| Showboat | $1,250 |
| Avila Park | $1,232 |
| Beverly Green | $1,210 |
| Quail Estates West | $1,199 |
| The Strip | $1,172 |
| Westchester Manor | $1,164 |
| Meadows Mobile Home Park | $1,089 |
Las Vegas | Rent Comparison by Neighborhood
Rent in Downtown Las Vegas is 36% lower than in Amber Hills
Downtown Las Vegas rent is the same as Las Vegas average
Amber Hills rent is 56% 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.