North Las Vegas, Nevada Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the North Las Vegas, Nevada rental market.
North Las Vegas, Nevada
Average Apartment Rent
$1,524
Y-o-Y Change in Average
Apartment Rent
1%
As of November 2024
Compared to a year ago, North Las Vegas, Nevada apartments have recorded a 1% rent increase.
North Las Vegas, Nevada Average apartment rent trend
North Las Vegas, Nevada Average Apartment Rent
North Las Vegas, Nevada Apartment rent ranges
At 44.39%, apartments priced $1,500 - $2,000 represent the bulk of North Las Vegas, Nevada rentals, while condos priced Over $2,000 hold the lowest share of the market – 6.24%.
North Las Vegas, Nevada Housing tenure**
Renters take up 39% of North Las Vegas, Nevada real estate, occupying a total of 32,257 units, while homeowners live in 50,931 properties.
Median number of rooms of renter-occupied housing units**
4.6
Renter median household income**
$51,184
Average household size of renter-occupied housing units**
3.02
Rental vacancy rate**
4.8%
North Las Vegas, Nevada Renter-occupied housing units by no. of bedrooms**
There are 11,208 rentals in North Las Vegas, Nevada with 3 beds making up the highest share of the market, at 35%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 861 units. Overall, the median number of rooms in North Las Vegas, Nevada homes for rent is 4.6.
North Las Vegas, Nevada Renter-occupied units by age of householder**
Most condos for rent in North Las Vegas, Nevada are occupied by residents in the 35 - 44 years age group (25%), followed by those in the 25 - 34 years age group (25%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
North Las Vegas, Nevada Renter-occupied housing units by family type**
North Las Vegas, Nevada Renter-occupied housing units by the presence of own children**
A total of 20,996 apartments for rent in North Las Vegas, Nevada, or 65% of all rentals are family households. Additionally, 41% of rental homes include children under the age of 18 – that’s 13,195 units. All in all, the median size of a renter-occupied household in North Las Vegas, Nevada is 3.02.
North Las Vegas, Nevada Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 13% of the rental market. In contrast, residents with less than a high school degree reside in 19% of the homes for rent in North Las Vegas, Nevada.
North Las Vegas, Nevada Renter-occupied units by year structure built**
The highest share of North Las Vegas, Nevada apartment rentals, namely 38% or 12,405 units, were Built 2000 - 2009, followed by those Built 1990 - 1999 (22%, 7,195 units), and the ones Built 1980 - 1989 (11%, 3,404 units).
North Las Vegas, Nevada Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most North Las Vegas, Nevada renters (45%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their North Las Vegas, Nevada condos for rent is 2018.
North Las Vegas, Nevada Renter-occupied housing units by vehicles available**
When it comes to transportation options, 43% of North Las Vegas, Nevada renters have 1 vehicle available per household, 34% of them have 2 vehicles available, and 10% have No vehicle available.
North Las Vegas, Nevada Means of transportation to work of householders living in renter-occupied housing units**
North Las Vegas, Nevada Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all North Las Vegas, Nevada apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
