Cheapest Neighborhoods in Reno, NV
Some of the cheapest neighborhoods in Reno are North Valley, Burke's, and Wells Avenue Neighborhood. These neighborhoods offer some of the lowest rent prices in Reno, making them ideal for renters on a budget. As of August 9, 2026, the average rent in Reno is $1,530, which is 3.8% 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
$1,145/Month
Year-Over-Year Rent Change
2.6%
Units Available
10 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.
Burke's
Average Rent
$1,256/Month
Units Available
10 Rentals
Burke's is a top choice for budget-conscious renters for a variety of reasons. The average rent in Burke's is $1,256 while the city average is $1,530. Residents enjoy convenient access to Truckee Meadows, IGT, 1002-1008 S Wells Ave, and Reno/Tahoe International.
Wells Avenue Neighborhood
Average Rent
$1,276/Month
Year-Over-Year Rent Change
1.2%
Units Available
11 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.
Reno-Tahoe Intl Airport
Average Rent
$1,322/Month
Units Available
12 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.
Smithridge Park Townhouses
Average Rent
$1,363/Month
Units Available
10 Rentals
When you’re looking for a great Reno neighborhood on a budget, check out Smithridge Park Townhouses. The average rent is $1,363, compared to the city average of $1,530. Smithridge Park Townhouses is convenient to Bartley Ranch Park, Hidden Valley Regional Park, and Reno/Tahoe International.
Convention Center
Average Rent
$1,400/Month
Year-Over-Year Rent Change
0.8%
Units Available
28 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.
Northeast Reno
Average Rent
$1,442/Month
Year-Over-Year Rent Change
2.6%
Units Available
38 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.
Hunter Lake
Average Rent
$1,457/Month
Units Available
13 Rentals
Hunter Lake is an affordable neighborhood in Reno with an average rent price of $1,457. Compare this to the city average of $1,530. Hunter Lake provides easy access to Arlington Gardens, Truckee Meadows, Meadowood, and May Arboretum and Botanical Garden.
Old Southwest Reno
Average Rent
$1,527/Month
Year-Over-Year Rent Change
5%
Units Available
57 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.
Midtown Reno
Average Rent
$1,549/Month
Year-Over-Year Rent Change
1%
Units Available
59 Rentals
If you’re looking for a great, affordable neighborhood in Reno, Midtown Reno might be the perfect place! It has an average rent price of $1,549, while the city’s average stands at $1,530. In the last year, prices have increased by 1%. Midtown Reno is near Truckee Meadows, Dandini, 1085 S Virginia St, 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.