Old Northwest - West University, Reno, NV Rental Market Trends

The average rent for an apartment in Old Northwest - West University, Reno, NV is $1,219 ($1.66 per sqft), based on a survey of 7 rental listings in Old Northwest - West University, Reno, NV conducted by Hello Data, Inc. on May 28, 2023. This is -35% below the national average rent of $1,875 ($1.87 per sqft). The following graphs show how average rent varies based on number of bedrooms, square footage, quality and location:

Average rent in Old Northwest - West University, Reno, NV by Number of Bedrooms

The chart below shows the average rent in Old Northwest - West University, Reno, NV for apartments by number of bedrooms:

Average apartment size in Old Northwest - West University, Reno, NV

The average apartment size in Old Northwest - West University, Reno, NV is 735 sqft, which is -27% below the U.S. national average apartment size of 1,003 sqft. This graph illustrates average size in Old Northwest - West University, Reno, NV for each unit type:

Average Rent in Reno, NV by Neighborhood

There are 8 neighborhoods in Reno, NV . South Central is the most expensive neighborhood, with an average rent of $2,070 ($2.16 per sqft), and Northeast is the most affordable neighborhood in Reno, NV , with an average rent of $1,495 ($1.68 per sqft). The following tables show the Top 5 neighborhoods in Reno, NV by average rent and the top 5 most affordable neighborhoods in Reno, NV by average rent:

Top 5 most expensive neighborhoods in Reno, NV by average rent:

Neighborhood
$2,070 avg. rent
$2.16 per sqft
$2,024 avg. rent
$1.92 per sqft
$1,845 avg. rent
$1.77 per sqft
$1,795 avg. rent
$1.99 per sqft
$1,600 avg. rent
$1.52 per sqft

Top 5 most affordable neighborhoods in Reno, NV by average rent:

Neighborhood
$1,795 avg. rent
$1.99 per sqft
$1,600 avg. rent
$1.52 per sqft
$1,557 avg. rent
$1.98 per sqft
$1,519 avg. rent
$1.30 per sqft
$1,495 avg. rent
$1.68 per sqft

Average Rent in Reno, NV by Zip Code

There are 11 zip codes in Reno, NV . 89521 is the most expensive zip code, with an average rent of $2,192 ($2.02 per sqft), and 89501 is the most affordable zip code in Reno, NV , with an average rent of $1,450 ($2.61 per sqft). The following tables show the Top 5 zip codes in Reno, NV by average rent and the top 5 most affordable zip codes in Reno, NV by average rent:

Top 5 most expensive zip codes in Reno, NV by average rent:

Zip Code
$2,192 avg. rent
$2.02 per sqft
$2,143 avg. rent
$2.10 per sqft
$2,026 avg. rent
$1.86 per sqft
$1,955 avg. rent
$2.30 per sqft
$1,854 avg. rent
$1.78 per sqft

Top 5 most affordable zip codes in Reno, NV by average rent:

Zip Code
$1,665 avg. rent
$1.88 per sqft
$1,557 avg. rent
$1.83 per sqft
$1,529 avg. rent
$1.30 per sqft
$1,503 avg. rent
$1.54 per sqft
$1,450 avg. rent
$2.61 per sqft

Average Apartment Listing Volume and Average Time on Market in Old Northwest - West University, Reno, NV

Average number of days on market in Old Northwest - West University, Reno, NV

The average listing remains on the market for 12 days in Old Northwest - West University, Reno, NV. This is greater than the national average time on market of 10 days for apartment listings. The chart below shows how many units remain on the market by number of days in Old Northwest - West University, Reno, NV:

Available Apartments in Old Northwest - West University, Reno, NV by Unit Type

On May 28, 2023 Hello Data, Inc. surveyed 7 active apartment listings in Old Northwest - West University, Reno, NV. The graph below shows the breakdown of multifamily units listed by bedroom count:

Frequently Asked Questions – Old Northwest - West University, Reno, NV Average Rents

What are the most affordable neighborhoods in Reno, NV?

The most affordable neighborhoods in Reno, NV are Northeast, where the average rent is $1,495 ($1.68 per sqft) and North Valleys, where renters pay $1,519 ($1.30 per sqft) per month on average.

What are the most expensive neighborhoods in Reno, NV?

The most expensive neighborhoods in Reno, NV are South Central, with an average rent of $2,070 ($2.16 per sqft) and South Reno, with an average rent of $2,024 ($1.92 per sqft) per month.

What are the most popular neighborhoods in Reno, NV?

The most popular neighborhoods in Reno, NV are South Central, with 172 active listings as of May 28, 2023 and South Reno, with 167 active listings as of May 28, 2023.

How much is a 2 Bedroom apartment in Old Northwest - West University, Reno, NV?

The average monthly rental price for 2 Bedroom apartments in Old Northwest - West University, Reno, NV is $1,219 ($1.66 per sqft).

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