Most Affordable Neighborhoods in Reno, NV
Some of the cheapest neighborhoods in Reno are Wells Avenue Neighborhood, Hidden Valley, and Northeast Reno. These neighborhoods offer some of the lowest rent prices in Reno, making them ideal for renters on a budget. As of April 29, 2025, the average rent in Reno is $1,443, which is 0.2% 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
$1,198/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
43/100
Units Available
15 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.
Hidden Valley
Average Rent
$1,237/Month
Year-Over-Year Rent Change
5.4%
TransitScore® Rating
25/100
Units Available
3 Rentals
Hidden Valley is an affordable neighborhood in Reno with an average rent price of $1,237. Compare this to the city average of $1,443. In the past year, rent prices have increased by 5.4%. Hidden Valley provides easy access to Hidden Valley Regional Park, Truckee Meadows, IGT, and W.M. Keck Museum. It’s a car-dependent neighborhood with a WalkScore® of 36.
Northeast Reno
Average Rent
$1,376/Month
Year-Over-Year Rent Change
5%
TransitScore® Rating
38/100
Units Available
36 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.
Mountain View Estates
Average Rent
$1,398/Month
TransitScore® Rating
26/100
Units Available
3 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 $1,398, while the city’s average stands at $1,443. Mountain View Estates is near Reno/Tahoe International, Truckee Meadows, Dandini, and Rancho San Rafael Park.
Convention Center
Average Rent
$1,501/Month
Year-Over-Year Rent Change
3.1%
TransitScore® Rating
44/100
Units Available
29 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.
West University
Average Rent
$1,647/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
39/100
Units Available
171 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.
Downtown Reno
Average Rent
$1,656/Month
Year-Over-Year Rent Change
4.9%
TransitScore® Rating
52/100
Units Available
199 Rentals
Downtown Reno is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Reno is $1,656 while the city average is $1,443. This is a -4.9% difference from last year. Residents enjoy convenient access to Fleischmann Planetarium & Science Center, Rancho San Rafael Park, and West Street Market. The neighborhood is considered walkable with a WalkScore® of 90.
Virginia Lake
Average Rent
$1,658/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
41/100
Units Available
69 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
$1,664/Month
Year-Over-Year Rent Change
1.5%
TransitScore® Rating
37/100
Units Available
172 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.
Northwest Reno
Average Rent
$1,700/Month
Year-Over-Year Rent Change
5.5%
TransitScore® Rating
26/100
Units Available
26 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.
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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.