Cheapest Neighborhoods in Reno, NV
Some of the cheapest neighborhoods in Reno are Wells Avenue Neighborhood, Convention Center, and Reno-Tahoe Intl Airport. These neighborhoods offer some of the lowest rent prices in Reno, making them ideal for renters on a budget. As of June 21, 2026, the average rent in Reno is $1,506, which is 2% 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
$1,275/Month
Year-Over-Year Rent Change
1.5%
Units Available
12 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.
Convention Center
Average Rent
$1,312/Month
Year-Over-Year Rent Change
0.4%
Units Available
24 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
$1,365/Month
Units Available
17 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.
Northeast Reno
Average Rent
$1,560/Month
Year-Over-Year Rent Change
3.5%
Units Available
41 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.
West University
Average Rent
$1,589/Month
Year-Over-Year Rent Change
2.3%
Units Available
151 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.
Midtown Reno
Average Rent
$1,592/Month
Year-Over-Year Rent Change
1.3%
Units Available
59 Rentals
Midtown Reno is an affordable neighborhood in Reno with an average rent price of $1,592. Compare this to the city average of $1,506. In the past year, rent prices have increased by 1.3%. Midtown Reno provides easy access to Truckee Meadows, IGT, W.M. Keck Museum, and Reno Riverside.
North Valleys
Average Rent
$1,674/Month
Year-Over-Year Rent Change
0.6%
Units Available
22 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.
Downtown Reno
Average Rent
$1,678/Month
Year-Over-Year Rent Change
0.3%
Units Available
152 Rentals
If you’re looking for a great, affordable neighborhood in Reno, Downtown Reno might be the perfect place! It has an average rent price of $1,678, while the city’s average stands at $1,506. In the last year, prices have increased by 0.3%. Downtown Reno is near Truckee Meadows, IGT, W.M. Keck Museum, and May Arboretum and Botanical Garden.
SPD-Manzanita Pass
Average Rent
$1,764/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 $1,764 while the city average is $1,506. Residents enjoy convenient access to W.M. Keck Museum, Fleischmann Planetarium & Science Center, and Reno/Tahoe International.
Riverwalk
Average Rent
$1,788/Month
Year-Over-Year Rent Change
0.7%
Units Available
74 Rentals
When you’re looking for a great Reno neighborhood on a budget, check out Riverwalk. The average rent is $1,788, compared to the city average of $1,506. Rent prices have increased by 0.7%. Riverwalk is convenient to West Street Market, Reno Riverside, and Reno/Tahoe International.
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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.