Cheapest Neighborhoods in Las Vegas, NV
Some of the cheapest neighborhoods in Las Vegas are Richfield Village, Summit Hills, and Sierra Nevada. These neighborhoods offer some of the lowest rent prices in Las Vegas, making them ideal for renters on a budget. As of August 11, 2026, the average rent in Las Vegas is $1,268, which is 1.2% 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.
Richfield Village
Average Rent
$812/Month
Units Available
52 Rentals
If you’re looking for a great, affordable neighborhood in Las Vegas, Richfield Village might be the perfect place! It has an average rent price of $812, while the city’s average stands at $1,268. Richfield Village is near DISCOVERY Children's Museum, Harrah's/Imperial Palace Station, and Harry Reid International.
Summit Hills
Average Rent
$949/Month
Units Available
10 Rentals
Summit Hills is a top choice for budget-conscious renters for a variety of reasons. The average rent in Summit Hills is $949 while the city average is $1,268. Residents enjoy convenient access to 2991 W Lake Mead Blvd, Boulder City Municipal, and Las Vegas Convention Center Station.
Sierra Nevada
Average Rent
$949/Month
Units Available
10 Rentals
When you’re looking for a great Las Vegas neighborhood on a budget, check out Sierra Nevada. The average rent is $949, compared to the city average of $1,268. Sierra Nevada is convenient to Las Vegas Natural History Museum, 3011 W Lake Mead Blvd, and Harry Reid International.
Village Green Condominium
Average Rent
$961/Month
Units Available
14 Rentals
Village Green Condominium is an affordable neighborhood in Las Vegas with an average rent price of $961. Compare this to the city average of $1,268. Village Green Condominium provides easy access to UNLV, Harrah's/Imperial Palace Station, and Nev. State Coll., Shadow Lane.
Downtown East
Average Rent
$971/Month
Year-Over-Year Rent Change
5.9%
Units Available
85 Rentals
If you’re looking for a great, affordable neighborhood in Las Vegas, Downtown East might be the perfect place! It has an average rent price of $971, while the city’s average stands at $1,268. In the last year, prices have decreased by 5.9%. Downtown East is near Roseman University, College of Southern Nevada Planetarium, and Kessler Music.
Century Garden
Average Rent
$972/Month
Units Available
11 Rentals
Century Garden is a top choice for budget-conscious renters for a variety of reasons. The average rent in Century Garden is $972 while the city average is $1,268. Residents enjoy convenient access to Las Vegas Convention Center Station, University Plaza Phase II, and UNLV Arboretum.
Church-Noblitt
Average Rent
$974/Month
Units Available
16 Rentals
When you’re looking for a great Las Vegas neighborhood on a budget, check out Church-Noblitt. The average rent is $974, compared to the city average of $1,268. Church-Noblitt is convenient to Southern Nevada, Charleston, NWC Fremont Pads, and 235 Stewart Square.
Eldorado Estates
Average Rent
$984/Month
Units Available
17 Rentals
Eldorado Estates is an affordable neighborhood in Las Vegas with an average rent price of $984. Compare this to the city average of $1,268. Eldorado Estates provides easy access to Shark Reef at Mandalay Bay, Flamingo/Caesars Palace Station, and DISCOVERY Children's Museum.
Paradise Gardens
Average Rent
$1,040/Month
Units Available
30 Rentals
If you’re looking for a great, affordable neighborhood in Las Vegas, Paradise Gardens might be the perfect place! It has an average rent price of $1,040, while the city’s average stands at $1,268. Paradise Gardens is near Flamingo/Caesars Palace Station, Southern Nevada, Charleston, and University Plaza Phase II.
Drake Estates
Average Rent
$1,042/Month
Units Available
13 Rentals
Drake Estates is a top choice for budget-conscious renters for a variety of reasons. The average rent in Drake Estates is $1,042 while the city average is $1,268. Residents enjoy convenient access to Southern Nevada, Charleston, Harrah's/Imperial Palace Station, and Las Vegas Convention Center Station.
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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.