Most Affordable Neighborhoods in Reno, NV
Some of the cheapest neighborhoods in Reno are Hidden Valley, Wells Avenue Neighborhood, and Northeast Reno. These neighborhoods offer some of the lowest rent prices in Reno, making them ideal for renters on a budget. As of January 3, 2025, the average rent in Reno is $1,416, which is 0.6% higher 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.
Hidden Valley
Average Rent
$1,241/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
25/100
Units Available
3 Rentals
When you’re looking for a great Reno neighborhood on a budget, check out Hidden Valley. The average rent is $1,241, compared to the city average of $1,416. Rent prices have increased by 0.7%. Hidden Valley is convenient to University of Nevada, Rock Plaza, and Truckee Meadows, Redfield. The community is car-dependent with a WalkScore® of 36.
Wells Avenue Neighborhood
Average Rent
$1,252/Month
TransitScore® Rating
43/100
Units Available
11 Rentals
Wells Avenue Neighborhood is known for its eclectic mix of shops, restaurants, and historic homes. Renters will enjoy the walkability of the community and the proximity to downtown Reno. The area's artistic energy and unique character make Wells Avenue Neighborhood stand out.
Northeast Reno
Average Rent
$1,349/Month
Year-Over-Year Rent Change
2.5%
TransitScore® Rating
38/100
Units Available
31 Rentals
Northeast Reno offers a mix of residential homes and easy access to local parks and schools. Renters will appreciate the affordability of the area and the convenient access to downtown Reno and major highways. The neighborhood is perfect for those seeking a quiet suburban environment.
Convention Center
Average Rent
$1,352/Month
Year-Over-Year Rent Change
2.9%
TransitScore® Rating
44/100
Units Available
28 Rentals
Convention Center is a bustling area offering proximity to shopping, dining, and entertainment at the Reno-Sparks Convention Center. Renters will enjoy the convenience of nearby amenities and easy access to major highways. The neighborhood is ideal for those seeking an urban lifestyle with plenty of local attractions.
Reno-Tahoe Intl Airport
Average Rent
$1,451/Month
TransitScore® Rating
36/100
Units Available
13 Rentals
Reno-Tahoe Intl Airport neighborhood offers convenience for frequent travelers, with easy access to both the airport and nearby shopping and dining options. Renters will appreciate the mix of hotels and residential properties in the area. The neighborhood is ideal for those seeking a location with easy transportation access.
West University
Average Rent
$1,541/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
39/100
Units Available
131 Rentals
West University is a lively neighborhood located near the University of Nevada, Reno. Renters will appreciate the variety of local dining and entertainment options, as well as the easy access to downtown Reno. The area offers a blend of student housing and residential homes.
Virginia Lake
Average Rent
$1,642/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
41/100
Units Available
76 Rentals
Virginia Lake is a scenic neighborhood centered around its namesake lake, offering renters beautiful views and access to walking trails and parks. Renters will enjoy the serene atmosphere while being close to local shops and dining. The area is perfect for those seeking outdoor activities in a peaceful, yet convenient location near downtown Reno.
West Reno
Average Rent
$1,676/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
15/100
Units Available
65 Rentals
West Reno offers a peaceful, suburban lifestyle with easy access to scenic outdoor spaces like the Truckee River and nearby parks. Renters will appreciate the neighborhood’s quiet atmosphere and proximity to downtown Reno. The area provides a mix of houses and apartments with scenic mountain views.
Old Southwest Reno
Average Rent
$1,680/Month
Year-Over-Year Rent Change
2.5%
TransitScore® Rating
37/100
Units Available
170 Rentals
Old Southwest Reno is a charming neighborhood known for its historic homes, tree-lined streets, and proximity to downtown. Renters will enjoy the close-knit community feel and easy access to local parks and schools.
Northwest Reno
Average Rent
$1,689/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
26/100
Units Available
16 Rentals
Northwest Reno is a family-friendly neighborhood offering scenic views of the Sierra Nevada Mountains and access to parks and outdoor activities. Renters will enjoy the quiet suburban feel and proximity to local schools and shopping centers. The area provides a peaceful retreat with easy access to downtown Reno.
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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.