Best Affordable Neighborhoods in Reno, NV
Some of the cheapest neighborhoods in Reno are North Valley, Sierra Loma, and Convention Center. These neighborhoods offer some of the lowest rent prices in Reno, making them ideal for renters on a budget. As of March 22, 2026, the average rent in Reno is $1,474, which is 1.8% 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.
North Valley
Average Rent
$1,161/Month
Units Available
10 Rentals
North Valley is an affordable neighborhood in Reno with an average rent price of $1,161. Compare this to the city average of $1,474. North Valley provides easy access to Reno/Tahoe International, North Reno Plaza, and Truckee Meadows, Meadowood.
Sierra Loma
Average Rent
$1,199/Month
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Reno, Sierra Loma might be the perfect place! It has an average rent price of $1,199, while the city’s average stands at $1,474. Sierra Loma is near Reno/Tahoe International, Truckee Meadows, Meadowood, and Canyon Center.
Convention Center
Average Rent
$1,274/Month
Year-Over-Year Rent Change
1.2%
Units Available
43 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
$1,306/Month
Units Available
20 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.
Powning District
Average Rent
$1,308/Month
Units Available
26 Rentals
Powning District is a top choice for budget-conscious renters for a variety of reasons. The average rent in Powning District is $1,308 while the city average is $1,474. Residents enjoy convenient access to Truckee Meadows, Meadowood, Fleischmann Planetarium & Science Center, and University of Nevada Arboretum.
Newlands Heights Historic District
Average Rent
$1,433/Month
Units Available
13 Rentals
When you’re looking for a great Reno neighborhood on a budget, check out Newlands Heights Historic District. The average rent is $1,433, compared to the city average of $1,474. Newlands Heights Historic District is convenient to University of Nevada, Virginia Street Plaza, and Shops at the Village.
Hunter Lake
Average Rent
$1,433/Month
Units Available
12 Rentals
Hunter Lake is an affordable neighborhood in Reno with an average rent price of $1,433. Compare this to the city average of $1,474. Hunter Lake provides easy access to Truckee Meadows, Meadowood, University of Nevada Arboretum, and Fleischmann Planetarium & Science Center.
Northeast Reno
Average Rent
$1,478/Month
Year-Over-Year Rent Change
1%
Units Available
48 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.
Sage Point
Average Rent
$1,580/Month
Units Available
20 Rentals
If you’re looking for a great, affordable neighborhood in Reno, Sage Point might be the perfect place! It has an average rent price of $1,580, while the city’s average stands at $1,474. Sage Point is near Monte Vista Village, Peavine Plaza, and May Arboretum and Botanical Garden.
SPD-Manzanita Pass
Average Rent
$1,589/Month
Units Available
10 Rentals
SPD-Manzanita Pass is a top choice for budget-conscious renters for a variety of reasons. The average rent in SPD-Manzanita Pass is $1,589 while the city average is $1,474. Residents enjoy convenient access to Fleischmann Planetarium & Science Center, McQueen Crossings, and University of Nevada Arboretum.
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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.