Most Affordable Neighborhoods in Las Vegas, NV
Some of the cheapest neighborhoods in Las Vegas are University District, Sunrise Manor, and Richfield. These neighborhoods offer some of the lowest rent prices in Las Vegas, making them ideal for renters on a budget. As of November 25, 2024, the average rent in Las Vegas is $1,295, which is 0.3% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
University District
Average Rent
$1,132/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
44/100
Units Available
561 Rentals
University District stands out for its affordability and close proximity to educational institutions. The area around the University of Nevada, Las Vegas (UNLV) features an array of cafes, bookstores, and cultural venues. Additionally, the Thomas & Mack Center hosts sports events and concerts, adding to the neighborhood's charm.
Sunrise Manor
Average Rent
$1,219/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
40/100
Units Available
305 Rentals
Sunrise Manor offers budget-friendly living with breathtaking views of the nearby mountains. Outdoor enthusiasts will appreciate the easy access to Sunrise Mountain and the expansive Clark County Wetlands Park. The proximity to Nellis Air Force Base adds to the convenience and appeal of this community.
Richfield
Average Rent
$1,294/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
41/100
Units Available
192 Rentals
Richfield, nestled conveniently between major roads like Sahara Avenue and S Maryland Parkway, is a short distance from popular shopping destinations such as Fashion Show Mall and delightful dining spots, while also featuring recreational facilities like Cashman Park for outdoor activities. With reliable public transportation along West Sahara Avenue and educational opportunities in the Clark County School District, Richfield ensures a well-rounded lifestyle for its residents.
Paradise Valley East
Average Rent
$1,317/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
38/100
Units Available
243 Rentals
Paradise Valley East provides cost-effective living with ample recreational options. Paradise Park features sports courts, a pool, and playgrounds, perfect for outdoor activities. The neighborhood’s convenient access to Boulevard Mall ensures a variety of shopping and dining choices.
Chinatown
Average Rent
$1,338/Month
Year-Over-Year Rent Change
2.6%
TransitScore® Rating
43/100
Units Available
203 Rentals
Chinatown stands out as an affordable neighborhood with a rich array of culinary delights. Spring Mountain Road is lined with diverse restaurants, markets, and shops offering authentic Asian culinary experiences. Additionally, easy access to the Las Vegas Strip adds to the neighborhood’s appeal.
Las Vegas Strip
Average Rent
$1,351/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
41/100
Units Available
1,062 Rentals
Las Vegas Strip is an affordable neighborhood in Las Vegas with an average rent price of $1,351. Compare this to the city average of $1,295. In the past year, rent prices have decreased by 0.5%. Las Vegas Strip provides easy access to UNLV, DISCOVERY Children's Museum, and Nev. State Coll., Shadow Lane. It’s a somewhat walkable neighborhood with a WalkScore® of 58.
Central Las Vegas
Average Rent
$1,392/Month
Year-Over-Year Rent Change
7.6%
TransitScore® Rating
0/100
Units Available
1,152 Rentals
Central Las Vegas combines affordable living with convenient access to key city amenities. The Arts District, known for its galleries and events, creates an enticing cultural atmosphere. Nearby, the Fremont Street Experience offers entertainment and dining options within reach.
Michael Way
Average Rent
$1,471/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
39/100
Units Available
236 Rentals
Michael Way offers affordable living with ample green spaces and local amenities. With its fishing lake and sports facilities, Lorenzi Park provides a peaceful retreat. Residents can also take advantage of shopping and dining amenities, thanks to the convenient proximity of Meadows Mall.
The Strip
Average Rent
$1,511/Month
Year-Over-Year Rent Change
7.1%
TransitScore® Rating
50/100
Units Available
377 Rentals
The Las Vegas Strip offers budget-conscious renters the excitement of world-famous attractions at their doorstep. Enjoy the dazzling lights and entertainment options along the iconic Boulevard. Local amenities include numerous dining, retail, and entertainment venues.
Centennial Hills
Average Rent
$1,571/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
21/100
Units Available
538 Rentals
Centennial Hills, located in the picturesque northwest corner of Las Vegas, features notable landmarks like the Tule Springs Fossil Beds National Monument and Centennial Hills Park, which offers unique, fossil-themed trails and an amphitheater. With excellent transportation links, including the Centennial Bowl interchange and a well-connected transit center, plus top-rated schools like Centennial High School, this community is a great choice for renters.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.