Paradise, 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 Paradise, Nevada rental market.
Paradise, Nevada
Average Apartment Rent
$1,353
Y-o-Y Change in Average
Apartment Rent
-1.5%
As of May 2026
Compared to a year ago, Paradise, Nevada apartments have recorded a -1.5% rent decrease.
Paradise, Nevada Average apartment rent trend
Paradise, Nevada Average Apartment Rent
Paradise, Nevada Apartment rent ranges
At 54.8%, apartments priced $1,000 - $1,500 represent the bulk of Paradise, Nevada rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.48%.
Paradise, Nevada Housing tenure**
Renters take up 60% of Paradise, Nevada real estate, occupying a total of 46,289 units, while homeowners live in 30,468 properties.
Median number of rooms of renter-occupied housing units**
3.7
Renter median household income**
$43,457
Average household size of renter-occupied housing units**
2.26
Rental vacancy rate**
19.7%
Paradise, Nevada Renter-occupied housing units by no. of bedrooms**
There are 17,950 rentals in Paradise, Nevada with 2 beds making up the highest share of the market, at 39%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 393 units. Overall, the median number of rooms in Paradise, Nevada homes for rent is 3.7.
Paradise, Nevada Renter-occupied units by age of householder**
Most condos for rent in Paradise, Nevada are occupied by residents in the 25 - 34 years age group (24%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Paradise, Nevada Renter-occupied housing units by family type**
Paradise, Nevada Renter-occupied housing units by the presence of own children**
A total of 20,863 apartments for rent in Paradise, Nevada, or 45% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 10,938 units. All in all, the median size of a renter-occupied household in Paradise, Nevada is 2.26.
Paradise, Nevada Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 21% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Paradise, Nevada.
Paradise, Nevada Renter-occupied units by year structure built**
The highest share of Paradise, Nevada apartment rentals, namely 26% or 11,907 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (24%, 11,137 units), and the ones Built 1990 - 1999 (21%, 9,764 units).
Paradise, Nevada Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Paradise, Nevada renters (44%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Paradise, Nevada condos for rent is 2018.
Paradise, Nevada Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of Paradise, Nevada renters have 1 vehicle available per household, 23% of them have 2 vehicles available, and 21% have No vehicle available.
Paradise, Nevada Means of transportation to work of householders living in renter-occupied housing units**
Paradise, 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 Paradise, 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
