Apartments in Paradise Palms Las Vegas

Las Vegas:
May Rent Report

Welcome to the May 2024 Las Vegas Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Las Vegas rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Las Vegas and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Las Vegas average rent prices in the chart below.

May Prices: Las Vegas vs. Surrounding Areas

Rent Prices in Las Vegas and Surrounding Areas

Rent prices have increased in Las Vegas over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Las Vegas suburb increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

• Rent increased in North Las Vegas, NV .

• Rent decreased in Henderson, NV.

• 2 suburbs are currently priced higher than the city of Las Vegas.

Data set for Las Vegas and suburbs

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.