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 June 14, 2025, the average rent in Reno is $1,463, which is 1.2% 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
$1,200/Month
TransitScore® Rating
45/100
Units Available
13 Rentals
Burke's is a top choice for budget-conscious renters for a variety of reasons. The average rent in Burke's is $1,200 while the city average is $1,463. Residents enjoy convenient access to University of Nevada, May Arboretum and Botanical Garden, and Virginia Street Plaza. The neighborhood is considered walkable with a WalkScore® of 91.
Wells Avenue Neighborhood
Average Rent
$1,215/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
43/100
Units Available
14 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
$1,313/Month
TransitScore® Rating
51/100
Units Available
34 Rentals
When you’re looking for a great Reno neighborhood on a budget, check out Powning District. The average rent is $1,313, compared to the city average of $1,463. Powning District is convenient to May Arboretum and Botanical Garden, University of Nevada, and Truckee Meadows, IGT. The community is walkable with a WalkScore® of 94.
Northwest Quadrant
Average Rent
$1,344/Month
TransitScore® Rating
53/100
Units Available
26 Rentals
Northwest Quadrant is an affordable neighborhood in Reno with an average rent price of $1,344. Compare this to the city average of $1,463. Northwest Quadrant provides easy access to Reno/Tahoe International, Rancho San Rafael Park, and Keystone Square. It’s a walkable neighborhood with a WalkScore® of 91.
Southside
Average Rent
$1,410/Month
TransitScore® Rating
44/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Reno, Southside might be the perfect place! It has an average rent price of $1,410, while the city’s average stands at $1,463. Southside is near University of Nevada Arboretum, Shoppers Square Annex, and Fleischmann Planetarium & Science Center.
Convention Center
Average Rent
$1,425/Month
Year-Over-Year Rent Change
2.7%
TransitScore® Rating
44/100
Units Available
26 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.
Hunter Lake
Average Rent
$1,440/Month
TransitScore® Rating
29/100
Units Available
16 Rentals
Hunter Lake is a top choice for budget-conscious renters for a variety of reasons. The average rent in Hunter Lake is $1,440 while the city average is $1,463. Residents enjoy convenient access to Truckee Meadows, Dandini, University of Nevada, and Reno/Tahoe International. The neighborhood is considered somewhat walkable with a WalkScore® of 69.
Newlands Heights Historic District
Average Rent
$1,457/Month
TransitScore® Rating
47/100
Units Available
11 Rentals
When you’re looking for a great Reno neighborhood on a budget, check out Newlands Heights Historic District. The average rent is $1,457, compared to the city average of $1,463. Newlands Heights Historic District is convenient to Truckee Meadows, Dandini, Truckee Meadows, Meadowood, and Truckee Meadows, IGT. The community is walkable with a WalkScore® of 91.
Northeast Reno
Average Rent
$1,500/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
38/100
Units Available
40 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.
Downtown Reno
Average Rent
$1,539/Month
Year-Over-Year Rent Change
5%
TransitScore® Rating
52/100
Units Available
161 Rentals
Downtown Reno is an affordable neighborhood in Reno with an average rent price of $1,539. Compare this to the city average of $1,463. In the past year, rent prices have decreased by 5%. Downtown Reno provides easy access to Truckee Meadows, Dandini, West Street Market, and Rancho San Rafael Park. It’s a walkable neighborhood with a WalkScore® of 90.
Ready to make your move to Reno? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.