Most Affordable Neighborhoods in Reno, NV
Some of the cheapest neighborhoods in Reno are Burke's, Wells Avenue Neighborhood, and Powning District. These neighborhoods offer some of the lowest rent prices in Reno, making them ideal for renters on a budget. As of July 29, 2025, the average rent in Reno is $1,464, 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.
Burke's
Average Rent
$1,187/Month
TransitScore® Rating
45/100
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 $1,187 while the city average is $1,464. Residents enjoy convenient access to Reno/Tahoe International, University of Nevada Arboretum, and University of Nevada. The neighborhood is considered walkable with a WalkScore® of 91.
Wells Avenue Neighborhood
Average Rent
$1,260/Month
Year-Over-Year Rent Change
1.5%
TransitScore® Rating
43/100
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.
Powning District
Average Rent
$1,332/Month
TransitScore® Rating
51/100
Units Available
30 Rentals
When you’re looking for a great Reno neighborhood on a budget, check out Powning District. The average rent is $1,332, compared to the city average of $1,464. Powning District is convenient to West Street Market, University of Nevada Arboretum, and Truckee Meadows, Meadowood. The community is walkable with a WalkScore® of 94.
Hunter Lake
Average Rent
$1,429/Month
TransitScore® Rating
29/100
Units Available
13 Rentals
Hunter Lake is an affordable neighborhood in Reno with an average rent price of $1,429. Compare this to the city average of $1,464. Hunter Lake provides easy access to Rancho San Rafael Park, University of Nevada Arboretum, and Reno/Tahoe International. It’s a somewhat walkable neighborhood with a WalkScore® of 69.
Convention Center
Average Rent
$1,439/Month
Year-Over-Year Rent Change
5.5%
TransitScore® Rating
44/100
Units Available
41 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
$1,522/Month
TransitScore® Rating
47/100
Units Available
10 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 $1,522, while the city’s average stands at $1,464. Newlands Heights Historic District is near Truckee Meadows, Dandini, Virginia Street Plaza, and Fleischmann Planetarium & Science Center.
Northwest Quadrant
Average Rent
$1,522/Month
TransitScore® Rating
53/100
Units Available
31 Rentals
Northwest Quadrant is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northwest Quadrant is $1,522 while the city average is $1,464. Residents enjoy convenient access to May Arboretum and Botanical Garden, Fleischmann Planetarium & Science Center, and W.M. Keck Museum. The neighborhood is considered walkable with a WalkScore® of 91.
Downtown Reno
Average Rent
$1,589/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
52/100
Units Available
139 Rentals
When you’re looking for a great Reno neighborhood on a budget, check out Downtown Reno. The average rent is $1,589, compared to the city average of $1,464. Rent prices have decreased by 1.3%. Downtown Reno is convenient to W.M. Keck Museum, Truckee Meadows, Dandini, and Truckee Meadows, Meadowood. The community is walkable with a WalkScore® of 90.
Reno-Tahoe Intl Airport
Average Rent
$1,633/Month
TransitScore® Rating
36/100
Units Available
16 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.
Midtown Reno
Average Rent
$1,654/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
49/100
Units Available
68 Rentals
Midtown Reno is an affordable neighborhood in Reno with an average rent price of $1,654. Compare this to the city average of $1,464. In the past year, rent prices have increased by 0.3%. Midtown Reno provides easy access to Truckee Meadows, IGT, Fleischmann Planetarium & Science Center, and May Arboretum and Botanical Garden. It’s a walkable neighborhood with a WalkScore® of 93.
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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.