Most Affordable Neighborhoods in Reno, NV
Some of the cheapest neighborhoods in Reno are Reno-Tahoe Intl Airport, Convention Center, 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 November 6, 2025, the average rent in Reno is $1,460, which is 3% 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.
Reno-Tahoe Intl Airport
Average Rent
$1,276/Month
TransitScore® Rating
36/100
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.
Convention Center
Average Rent
$1,334/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
44/100
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.
Wells Avenue Neighborhood
Average Rent
$1,340/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
43/100
Units Available
10 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.
Powning District
Average Rent
$1,381/Month
TransitScore® Rating
51/100
Units Available
25 Rentals
Powning District is an affordable neighborhood in Reno with an average rent price of $1,381. Compare this to the city average of $1,460. Powning District provides easy access to Fleischmann Planetarium & Science Center, May Arboretum and Botanical Garden, and Reno/Tahoe International. It’s a walkable neighborhood with a WalkScore® of 94.
Hunter Lake
Average Rent
$1,449/Month
TransitScore® Rating
29/100
Units Available
18 Rentals
If you’re looking for a great, affordable neighborhood in Reno, Hunter Lake might be the perfect place! It has an average rent price of $1,449, while the city’s average stands at $1,460. Hunter Lake is near Shops at the Village, May Arboretum and Botanical Garden, and W.M. Keck Museum.
Hillview Terrace
Average Rent
$1,460/Month
TransitScore® Rating
24/100
Units Available
15 Rentals
Hillview Terrace is a top choice for budget-conscious renters for a variety of reasons. The average rent in Hillview Terrace is $1,460 while the city average is $1,460. Residents enjoy convenient access to Southwest Galleria, Reno/Tahoe International, and Truckee Meadows, Meadowood. The neighborhood is considered somewhat walkable with a WalkScore® of 50.
Waterford Park
Average Rent
$1,460/Month
TransitScore® Rating
24/100
Units Available
15 Rentals
When you’re looking for a great Reno neighborhood on a budget, check out Waterford Park. The average rent is $1,460, compared to the city average of $1,460. Waterford Park is convenient to Truckee Meadows, Redfield, Bartley Ranch Park, and Humboldt National Forest. The community is walkable with a WalkScore® of 70.
Northeast Reno
Average Rent
$1,471/Month
Year-Over-Year Rent Change
2%
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.
Smithridge Park Townhouses
Average Rent
$1,498/Month
TransitScore® Rating
40/100
Units Available
12 Rentals
Smithridge Park Townhouses is an affordable neighborhood in Reno with an average rent price of $1,498. Compare this to the city average of $1,460. Smithridge Park Townhouses provides easy access to Truckee Meadows, Dandini, Peckham Corners, and W.M. Keck Museum. It’s a walkable neighborhood with a WalkScore® of 71.
West University
Average Rent
$1,603/Month
Year-Over-Year Rent Change
2.4%
TransitScore® Rating
39/100
Units Available
149 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.
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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.