Best Affordable Neighborhoods in Reno, NV
Some of the cheapest neighborhoods in Reno are North Valley, Wells Avenue Neighborhood, 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 February 5, 2026, the average rent in Reno is $1,468, which is 1.3% 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.
North Valley
Average Rent
$1,128/Month
Units Available
12 Rentals
When you’re looking for a great Reno neighborhood on a budget, check out North Valley. The average rent is $1,128, compared to the city average of $1,468. North Valley is convenient to Truckee Meadows, Dandini, Reno/Tahoe International, and North Reno Plaza.
Wells Avenue Neighborhood
Average Rent
$1,248/Month
Year-Over-Year Rent Change
0.3%
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.
Reno-Tahoe Intl Airport
Average Rent
$1,309/Month
TransitScore® Rating
36/100
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
$1,315/Month
TransitScore® Rating
51/100
Units Available
27 Rentals
Powning District is an affordable neighborhood in Reno with an average rent price of $1,315. Compare this to the city average of $1,468. Powning District provides easy access to May Arboretum and Botanical Garden, West Street Market, and W.M. Keck Museum. It’s a walkable neighborhood with a WalkScore® of 94.
Convention Center
Average Rent
$1,329/Month
Year-Over-Year Rent Change
0.7%
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.
Newlands Heights Historic District
Average Rent
$1,403/Month
TransitScore® Rating
47/100
Units Available
15 Rentals
If you’re looking for a great, affordable neighborhood in Reno, Newlands Heights Historic District might be the perfect place! It has an average rent price of $1,403, while the city’s average stands at $1,468. Newlands Heights Historic District is near Truckee Meadows, Dandini, Rancho San Rafael Park, and Truckee Meadows, IGT.
Smithridge Park Townhouses
Average Rent
$1,469/Month
TransitScore® Rating
40/100
Units Available
14 Rentals
Smithridge Park Townhouses is a top choice for budget-conscious renters for a variety of reasons. The average rent in Smithridge Park Townhouses is $1,469 while the city average is $1,468. Residents enjoy convenient access to Peckham Corners, Bartley Ranch Park, and Humboldt National Forest. The neighborhood is considered walkable with a WalkScore® of 71.
Hunter Lake
Average Rent
$1,470/Month
TransitScore® Rating
29/100
Units Available
18 Rentals
When you’re looking for a great Reno neighborhood on a budget, check out Hunter Lake. The average rent is $1,470, compared to the city average of $1,468. Hunter Lake is convenient to Shops at the Village, Arlington Gardens, and May Arboretum and Botanical Garden. The community is somewhat walkable with a WalkScore® of 69.
Northeast Reno
Average Rent
$1,473/Month
Year-Over-Year Rent Change
2.3%
TransitScore® Rating
38/100
Units Available
58 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
$1,561/Month
TransitScore® Rating
22/100
Units Available
19 Rentals
Sage Point is an affordable neighborhood in Reno with an average rent price of $1,561. Compare this to the city average of $1,468. Sage Point provides easy access to University of Nevada, Truckee Meadows, Dandini, and Peavine Plaza. It’s a car-dependent neighborhood with a WalkScore® of 44.
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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.