Most Affordable Neighborhoods in Reno, NV
Some of the cheapest neighborhoods in Reno are Wells Avenue Neighborhood, Hidden Valley, and Convention Center. These neighborhoods offer some of the lowest rent prices in Reno, making them ideal for renters on a budget. As of February 10, 2025, the average rent in Reno is $1,432, which is 1.4% 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.
Wells Avenue Neighborhood
Average Rent
$1,203/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
43/100
Units Available
10 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.
Hidden Valley
Average Rent
$1,344/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
25/100
Units Available
4 Rentals
Hidden Valley is a top choice for budget-conscious renters for a variety of reasons. The average rent in Hidden Valley is $1,344 while the city average is $1,432. This is a 0.7% difference from last year. Residents enjoy convenient access to University of Nevada Arboretum, W.M. Keck Museum, and Truckee Meadows, Redfield. The neighborhood is considered car-dependent with a WalkScore® of 36.
Convention Center
Average Rent
$1,394/Month
Year-Over-Year Rent Change
3.1%
TransitScore® Rating
44/100
Units Available
29 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.
Northeast Reno
Average Rent
$1,417/Month
Year-Over-Year Rent Change
5.9%
TransitScore® Rating
38/100
Units Available
42 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.
Reno-Tahoe Intl Airport
Average Rent
$1,432/Month
TransitScore® Rating
36/100
Units Available
10 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.
Mountain View Estates
Average Rent
$1,461/Month
TransitScore® Rating
26/100
Units Available
4 Rentals
When you’re looking for a great Reno neighborhood on a budget, check out Mountain View Estates. The average rent is $1,461, compared to the city average of $1,432. Mountain View Estates is convenient to Truckee Meadows, Meadowood, Truckee Meadows, Dandini, and Reno/Tahoe International. The community is car-dependent with a WalkScore® of 16.
West University
Average Rent
$1,586/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
39/100
Units Available
169 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
$1,618/Month
Year-Over-Year Rent Change
2.5%
TransitScore® Rating
41/100
Units Available
74 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.
North Valleys
Average Rent
$1,624/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
19/100
Units Available
65 Rentals
North Valleys is a growing suburban area offering a mix of affordable housing and outdoor recreational activities. Renters will enjoy the proximity to local shopping centers and parks, with easy access to major highways for commuting to downtown Reno. The area provides a friendly environment with plenty of open space.
West Reno
Average Rent
$1,625/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
15/100
Units Available
86 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.
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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.