Cities / Nevada / Washoe County / Reno
Reno cityscape
City housing brief · Incorporated place

Reno, NV

City evidence stays city-level. County, metro and national records appear separately to explain the wider market without changing the city figures.

City gross yield4.0%ZORI × 12 ÷ ZHVI · before costs
Direct city rent answer

What does rent cost in Reno, NV?

The latest city-level Zillow ZORI for Reno is $1,932 per month in 2026-06. It measures a typical asking-rent market across rental types—not an arithmetic average or an address-level rent estimate.

City Zillow ZORI$1,9322026-06 · up 6.3% year over year
City ACS gross rent$1,556ACS 2024 5-year occupied-renter survey
HUD two-bedroom context$1,870Washoe County administrative standard
How to read the rent answer for Reno
MeasureCurrent valueGeographyMeasurement boundary
Zillow ZORI$1,932Reno cityTypical observed asking-rent index; not a unit quote.
Census ACS gross rent$1,556Reno citySurvey estimate for occupied renter homes, including specified utilities.
HUD 2BR FMR$1,870Washoe CountyAdministrative bedroom standard; wider context, never substituted as city rent.

For a property decision, match bedroom count, condition, utilities, concessions, lease timing and nearby comparable listings. Wider county and metro evidence below stays explicitly labelled.Zillow pulled 2026-07-29

For within-city variation, inspect the published ZIP rental landscape rather than treating one citywide value as uniform.

City market snapshot

Four figures that frame the city

Typical home value
$577k
▲ 0.3% year over year
Zillow ZHVI · 2026-06
Observed market rent
$1,932
▲ 6.3% year over year
Zillow ZORI · 2026-06
Entry affordability
7.1x
home value ÷ household income
Zillow + Census ACS
Population
273,212
▲ 10.8% between ACS vintages
ACS 2024 5-year
Decision brief

What the city-level evidence says

01Decision frame

Reno's Zillow ZHVI is $576,913 and its ZORI is $1,932 monthly. Annualizing ZORI against ZHVI gives a 4.0% gross yield before operating costs, vacancy, capital spending and financing. As a simple affordability screen, ZHVI is 7.1x ACS median household income, while annual ZORI is 28.7% of that income. These ratios frame entry price and top-line rent, not a buyer's borrowing capacity or a property's net return.

02Housing stock

Reno has 123,756 housing units; 7.6% are vacant citywide, and renters occupy 50.2% of occupied units. These shares describe city tenure and survey vacancy, not whether a specific rental will lease quickly. ACS reports a $548,300 median home value and $1,556 median monthly gross rent for surveyed occupied housing. Its period and definitions differ from Zillow; ACS gross rent includes contract rent plus selected utilities, so the measures should not be averaged.

03City depth

Among Reno renters, 52.6% meet the 30%-or-more rent-burden threshold. Single-family homes comprise 55.5% of city housing units; large multifamily buildings account for 15.4%. Of vacant units, 37.1% are classified for rent; this ACS share is survey context, not currently market-ready inventory. The population is 273,212, up 10.8% between overlapping ACS vintages; the change is not annualized and may reflect boundary changes. Median household income is $80,760, with poverty at 12.6% and unemployment at 5.1%; those rates are descriptive demand constraints, not causal evidence. These city facts cannot identify address-level availability, tenant quality or lease-up speed.

04Wider context

In Washoe County, Realtor data show a 46-day median listing period and price reductions on 17.2% of active listings; these county measures do not measure Reno city liquidity. The broader Reno metro reports 1.9% annual job growth and 2.8 months of housing supply; these metro indicators are context, not city outcomes. The national Freddie Mac 30-year mortgage rate is 6.58%, a national benchmark rather than a Reno borrower quote.

05Limits & next checks

Citywide typical and survey measures leave an underwriting gap around any property's actual rent, condition, expenses and financing. Verify address-level rent and sale comparables, condition, occupancy and lease terms. Build property-specific cash flow with taxes, insurance, utilities, management, maintenance, vacancy, capital work and loan terms; gross yield is not profit. Check title, zoning, rental restrictions, permits, hazard exposure and an insurance quote before drawing a property conclusion.

Housing system

Market movement and the stock underneath it

Five-year path

Price and rent, rebased to 100

ZHVI +15.0%ZORI +20.8%
12110895202120222023202420252026
Each series starts at 100 so their direction can be compared without pretending that a home value and a monthly rent share the same unit.
Housing stock

Tenure and vacancy

ACS
50.2%RENTER
Owner occupied49.8%
Renter occupied50.2%
Vacant units7.6%

Median structure year 1990

Tenure uses occupied units; vacancy uses all housing units.
Measurement matrix

Two sources, two different questions

SourceHome valueMonthly rent
Zillow market index$576.9K$1.9K
ACS occupied housing$548.3K$1.6K
Zillow measures current market indexes. ACS reports surveyed owner value and gross rent for occupied housing. The rows are context, not interchangeable estimates.
Direct local rental evidence

Recent leases and rental-market liquidity in Reno, NV

These Apartment List observations match the exact city Census code 3260600. They are kept separate from Zillow asking rent, Census occupied-home rent and wider metro measures.

Direct recent-lease rent history

Monthly overall-rent index; missing observations are not filled from another geography.

$1,443$1,349$1,2552021-082026-07
Recent-lease rent$1,4432026-07 · +5.6% year over year
Rental vacancy4.9%2026-07 · -0.1 percentage points year over year
Time on marketn/an/a
Direct city depth

Households and housing form behind the medians

Median household income$81k

Annual ACS household measure.

Rent-to-income screen28.7%

Annual ZORI divided by ACS median income.

ACS rent burden52.6%

Renters paying at least 30% of household income toward gross rent.

Average household size2.33

People per occupied housing unit.

Single-family stock55.5%

Detached and attached one-unit structures.

Large multifamily stock15.4%

Housing in structures with 20 or more units.

Vacant and for rent37.1%

Share of vacant units listed by ACS as for rent, not a market vacancy rate.

Unemployment5.1%

Share of the civilian labor force.

Poverty12.6%

ACS population for whom poverty status is determined.

These are citywide context measures. They cannot tell you the rent, vacancy, expenses or tenant demand for a particular neighborhood or property.
ZIP rental landscape

How asking rent and renter pressure vary inside Reno

This view uses 9 direct Zillow ZIP markets matched to Census ZCTAs. It is a selected evidence set, not a neighborhood ranking or an exhaustive city inventory.

Selected ZIP range$1,428$2,468Zillow asking-rent index
Monthly spread$1,040highest minus lowest selected ZIP
Observed burden range41.8%55.5%ACS renter households paying 30%+
Renter households covered56,561across the selected ZCTAs
01 · ASKING RENT LADDERDirect ZIP ZORI
Horizontal bars compare Zillow asking-rent indexes across the selected direct-evidence ZIP set.89521$2,46889523$2,13989506$2,07689519$2,05789511$1,96189503$1,82789509$1,74389512$1,58989502$1,428
02 · PRESSURE MATRIXRent × observed burden
Each point is one selected ZIP and ZCTA match. Horizontal position is Zillow asking rent and vertical position is the ACS renter cost-burden share.58.0%53.3%48.6%44.0%39.3%895028951289509895038952389521895068951189519Zillow asking-rent index →ACS burden share →
03 · BENCHMARK GAPZORI vs HUD 2BR
Bars show the percentage difference between the Zillow blended asking-rent index and the local HUD two-bedroom standard. Their housing universes differ.89521+132.0%89523+114.4%89506+111.0%89519+110.0%89511+104.9%89503+97.7%89509+93.2%89512+85.0%89502+76.4%
WHAT THE LOCAL DISTRIBUTION SAYS

For Reno, this city module uses a direct-evidence lens of nine eligible Zillow ZIP/ZCTA matches covering 56,561 renter households; it is a selected ZIP set, not a complete inventory of places to rent. June 2026 Zillow typical observed asking-rent index values range from $1,428 to $2,468, a $1,040 spread, with a $1,961 median. That breadth makes the initial decision less about a single Reno rent and more about which current price band fits the search. At the endpoints, 89502 anchors the low end and 89521 the high end. The display favors current published ZIP reports and then renter-household count, so labels identify selected evidence rather than a complete market map. Use that spread to decide whether the search should prioritize a lower current ask, a particular bedroom standard, or measured household affordability.

Do not combine the three rent series. Zillow ZORI is a typical observed asking-rent index, and its annual changes across listed areas span 1.4% to 7.5%. ACS 2024 five-year ZCTA estimates describe survey measures: median gross rent is $1,200 in 89512 and $2,147 in 89521. The HUD fiscal-year 2026 two-bedroom standard is $1,870 in every shown record, an administrative benchmark rather than asking rent. The selected ZORI figures run from 76.4% to 132.0% of that HUD value; that ratio is a comparison to a bedroom-specific standard, not an affordability finding or a market-rent conversion.

Affordability signals do not line up mechanically with current asking-rent levels. Across the associated ACS ZCTAs, the reported rent-burden share at 30% or more of income ranges from 41.8% to 55.5%, while vacancy spans 4.0% to 10.0%. At the high-vacancy end, the associated burden share is 53.5%; at the low-burden end, vacancy is 5.3%. These are trade-off indicators for screening: a higher vacancy rate does not itself establish lower available asking rents, and a lower burden share does not establish what any incoming household will pay.

Important limits remain. Zillow is a ZIP-level index at the stated release date, whereas ACS values are 2024 five-year ZCTA estimates; ZCTAs are statistical areas, not the same boundaries as USPS delivery ZIPs. HUD's ZIP-linked Small Area FMR framework supplies an administrative two-bedroom standard, not a listing quote. Before choosing a unit, verify the precise address and ZIP assignment, advertised rent, bedroom count, lease term, included charges, availability date, income qualifications, and any property-specific fees directly with the provider.

Selected ZIP evidence

Keep each source universe visible

All 9 eligible direct-evidence ZIP profiles are shown.

ZIP / ZCTAZillow asking rentACS gross rentHUD 2BRBurden 30%+VacancyIncome screen
89502$1,428$1,361$1,87050.4%8.2%$57k
89512$1,589$1,200$1,87053.5%10.0%$64k
89509$1,743$1,495$1,87048.8%8.0%$70k
89503$1,827$1,438$1,87055.5%7.0%$73k
89523$2,139$1,845$1,87049.4%4.0%$86k
89521$2,468$2,147$1,87041.8%5.3%$99k
89506$2,076$1,848$1,87051.1%7.2%$83k
89511$1,961$1,925$1,87048.7%6.1%$78k
89519$2,057$2,082$1,87049.8%8.6%$82k
READ BEFORE USING

ACS figures are five-year estimates assigned to Census ZCTAs, which are statistical areas rather than USPS delivery ZIPs. Therefore, their boundaries and timing do not exactly match Zillow's ZIP-based index or a property's mailing address.

The ZIP set contains eligible direct matches and is selected with preference for current published reports and then renter-household count; it is not exhaustive. HUD SAFMR is an administrative two-bedroom standard, so it should not be treated as a current asking-rent quote.

SOURCE LEDGERCensus ACS five-year — ZCTA housing and incomeACS 2024 5-year ZCTA · pulled 2026-08-08HUD USPS crosswalk and Small Area FMRs — ZIP rent fallbackZIP-CBSA 2025Q4 + SAFMR FY2026 · pulled 2026-07-26Zillow ZORI — ZIP market rentsZORI ZIP 2026-06 · pulled 2026-08-08
Curated city comparisons

Reno in direct city-to-city decisions

Each comparison keeps both records inside city limits and opens only when the pair differs materially on multiple decision signals.

Browse all city comparisons →
Same-state decision

Las Vegas, NV vs Reno, NV

Nevada's principal city alternatives with material differences across all six selection signals and distinct property-level follow-up needs.

gross yieldentry pricebuyer affordabilityrenter pressurehousing stocklocal demand risk
Las Vegas home value
$426k
Las Vegas gross yield
4.9%
Closest market alternatives

Three useful contrasts, not a synthetic winner

The peer set broadens the decision without mixing geographies. Price, rent and housing characteristics remain city-level for every place.

Comparable market profile

Entry price, rent and gross yield

Reno, NVNorth Las Vegas, NVHenderson, NVGilbert, AZ
Typical home valueZillow ZHVIReno$576.9KNorth Las Vegas$408.3KHenderson$486.5KGilbert$572.5KObserved market rentZillow ZORI / monthReno$1.9KNorth Las Vegas$1.8KHenderson$1.8KGilbert$2KGross yieldZORI × 12 ÷ ZHVIReno4.0%North Las Vegas5.4%Henderson4.5%Gilbert4.2%
Bars begin at zero within each measure. Gross yield is a screening ratio before financing, taxes, insurance, vacancy, maintenance or management costs.
Same state01

North Las Vegas, NV

Compared with Reno, typical home value is $169k lower, monthly rent is $86 lower, and gross yield is 1.4 percentage points higher.

Rent burden 30%+
57.4%
Renter share
36.4%
One-unit stock
79.3%
20+ unit stock
5.2%
Same state02

Henderson, NV

Compared with Reno, typical home value is $90k lower, monthly rent is $106 lower, and gross yield is 0.5 percentage points higher.

Rent burden 30%+
56.5%
Renter share
33.9%
One-unit stock
75.9%
20+ unit stock
7.1%
Closest data profile03

Gilbert, AZ

Compared with Reno, typical home value is $4k lower, monthly rent is $87 higher, and gross yield is 0.2 percentage points higher.

Rent burden 30%+
46.4%
Renter share
26.9%
One-unit stock
85.3%
20+ unit stock
7.1%

These are analytical alternatives, not recommendations. The structural measures come from Census ACS; price and rent use the Zillow releases shown on each card and in the source ledger below.

Wider market context

What surrounds the city without being mistaken for it

The layers below answer different questions. County records describe listing, migration, financing and hazard conditions around the city; metro records describe jobs, supply and permits; the mortgage rate is national.

Same measure, wider boundary

City marker against intersecting counties

CityCounty range
Typical home value$575.3K$575.3K$576.9KObserved market rent$2K$2K$1.9K
Both levels use Zillow indexes, but the county records cover land and housing outside the city. The comparison supplies context; it does not replace the city value.
Same Zillow index families

City limits versus the linked metro

RenoMetro
Observed market rentMetro $2KCity $1.9K · -3.6%Typical home valueMetro $574.2KCity $576.9K · +0.5%Gross yieldMetro 4.2%City 4.0% · -4.1%
Zillow ZORI and ZHVI use the same release month at both boundaries. Gross yield is rent × 12 ÷ home value; the metro contains the city and is context, not a substitute.

Search all direct city–metro gaps in the interactive atlas.

COUNTY LAYER

The intersecting county

This boundary extends beyond the city and is shown only as context.

2026-06
Active listings
1,242
Listing DOM
46 days
FHFA one-year
▲ 2.4%
Net migration
929
Investor share
6.8%
Effective property tax
0.44%
Top hazard
earthquake
Expected loss ratio
0.24%
METRO LAYER

Reno, NV

Open metro analysis →
Job growth▲ 1.9%12m to 2026-06
Permitted units3,9262026 YTD through M06
Permits / 1,0007.0broader metro population
Months of supply2.82026-05-01
Median DOM39 daysRedfin metro tracker
Price drops21.9%Redfin metro tracker
Wider-context figures are not inputs to the city gross yield and are never used to fill a missing city price, rent or ACS measure.
What can break the thesis

Three checks before using the city averages

  1. 01

    Affordability pressure.

  2. 02

    Unmeasured property expenses.

  3. 03

    Geographic-scope mismatch.

Questions answered

Quick reading guide

Is gross yield net return?

No; it excludes costs and financing.

Does city vacancy prove lease-up?

No; it is stock-level survey context.

Are wider figures city measures?

No; county, metro and national scopes remain separate.

Sources and geography

What belongs to this city page

Census recognizes this as Reno city. The place intersects Washoe County.