Most Affordable Neighborhoods in Reno, NV
Some of the cheapest neighborhoods in Reno are Hidden Valley, Wells Avenue Neighborhood, and Mountain View Estates. These neighborhoods offer some of the lowest rent prices in Reno, making them ideal for renters on a budget. As of April 13, 2025, the average rent in Reno is $1,435, 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.
Hidden Valley
Average Rent
$1,225/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
25/100
Units Available
4 Rentals
Hidden Valley is an affordable neighborhood in Reno with an average rent price of $1,225. Compare this to the city average of $1,435. In the past year, rent prices have increased by 0.8%. Hidden Valley provides easy access to Rock Plaza, Hidden Valley Regional Park, and Truckee Meadows, Redfield. It’s a car-dependent neighborhood with a WalkScore® of 36.
Wells Avenue Neighborhood
Average Rent
$1,233/Month
Year-Over-Year Rent Change
2.6%
TransitScore® Rating
43/100
Units Available
19 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.
Mountain View Estates
Average Rent
$1,236/Month
TransitScore® Rating
26/100
Units Available
4 Rentals
If you’re looking for a great, affordable neighborhood in Reno, Mountain View Estates might be the perfect place! It has an average rent price of $1,236, while the city’s average stands at $1,435. Mountain View Estates is near University of Nevada, Fleischmann Planetarium & Science Center, and Truckee Meadows, IGT.
Northeast Reno
Average Rent
$1,417/Month
Year-Over-Year Rent Change
4.1%
TransitScore® Rating
38/100
Units Available
43 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
$1,474/Month
Year-Over-Year Rent Change
2.1%
TransitScore® Rating
44/100
Units Available
34 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.
Northwest Reno
Average Rent
$1,608/Month
Year-Over-Year Rent Change
4.3%
TransitScore® Rating
26/100
Units Available
19 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.
Virginia Lake
Average Rent
$1,678/Month
Year-Over-Year Rent Change
1.5%
TransitScore® Rating
41/100
Units Available
64 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.
Old Southwest Reno
Average Rent
$1,683/Month
Year-Over-Year Rent Change
1.5%
TransitScore® Rating
37/100
Units Available
177 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.
Reno-Tahoe Intl Airport
Average Rent
$1,684/Month
TransitScore® Rating
36/100
Units Available
11 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
$1,686/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
39/100
Units Available
177 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.
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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.