Apartments in Church-Noblitt Las Vegas

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$2,600
2950 Torreon Ln Las Vegas, NV
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$857 - 2,100
900 Doolittle Ave Las Vegas, NV
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Las Vegas:
November Rent Report

Welcome to the November 2024 Las Vegas Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 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.

Monthly Rent Report

$1,600
$1,200
$800
$400
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Las Vegas Rent Prices Decrease From October to November

Las Vegas rent prices decreased over the last month. From October to November, the city experienced a -0.16% decrease for the price of a one-bedroom apartment. The rent price for a Las Vegas one-bedroom apartments currently stands at $1,250.0.

When we take a look at the two-bedroom comparison from October to November, Las Vegas experienced a 0.2% increase for the price of a two-bedroom apartment. The rent price for a Las Vegas two-bedroom apartments currently stands at $1,538.0.

November Prices: Las Vegas vs. Surrounding Areas

Henderson, NV
North Las Vegas, NV
Las Vegas, NV
$1,567
$1,365
$1,252
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent

Rent Prices in Las Vegas and Surrounding Areas

Rent prices have decreased 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 0 of the Las Vegas suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Las Vegas suburbs

  • Rent decreased in Henderson, NV, North Las Vegas, NV.

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

November 2024 Pricing Trends: Las Vegas vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Las Vegas, NV
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,252
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Las Vegas Rent Prices More Affordable Than Major Cities

Rent growth in Las Vegas over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Las Vegas average rent prices appear to be relatively affordable for local residents.

The price for a Las Vegas one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Las Vegas and surrounding area rent prices, take a look at the complete data set below.

Data set for Las Vegas and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
Las Vegas, NV $1,252.0 0.24% $1,535.0 0.72%
Henderson, NV $1,567.0 -0.26% $1,702.0 0.47%
North Las Vegas, NV $1,365.0 -0.66% $1,665.0 -0.66%

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.