Sparks, 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 Sparks, Nevada rental market.
Sparks, Nevada
Average Apartment Rent
$1,819
Y-o-Y Change in Average
Apartment Rent
6.5%
As of March 2026
Compared to a year ago, Sparks, Nevada apartments have recorded a 6.5% rent increase.
Sparks, Nevada Average apartment rent trend
Sparks, Nevada Average Apartment Rent
Sparks, Nevada Apartment rent ranges
At 53.84%, apartments priced $1,500 - $2,000 represent the bulk of Sparks, Nevada rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.81%.
Sparks, Nevada Housing tenure**
Renters take up 41% of Sparks, Nevada real estate, occupying a total of 16,373 units, while homeowners live in 23,952 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$60,549
Average household size of renter-occupied housing units**
2.58
Rental vacancy rate**
7.5%
Sparks, Nevada Renter-occupied housing units by no. of bedrooms**
There are 5,860 rentals in Sparks, Nevada with 2 beds making up the highest share of the market, at 36%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 146 units. Overall, the median number of rooms in Sparks, Nevada homes for rent is 4.1.
Sparks, Nevada Renter-occupied units by age of householder**
Most condos for rent in Sparks, Nevada are occupied by residents in the 25 - 34 years age group (26%), 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 – 3%.
Sparks, Nevada Renter-occupied housing units by family type**
Sparks, Nevada Renter-occupied housing units by the presence of own children**
A total of 9,159 apartments for rent in Sparks, Nevada, or 56% of all rentals are family households. Additionally, 33% of rental homes include children under the age of 18 – that’s 5,439 units. All in all, the median size of a renter-occupied household in Sparks, Nevada is 2.58.
Sparks, 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 Sparks, Nevada.
Sparks, Nevada Renter-occupied units by year structure built**
The highest share of Sparks, Nevada apartment rentals, namely 20% or 3,252 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (18%, 2,933 units), and the ones Built 1990 - 1999 (15%, 2,401 units).
Sparks, Nevada Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Sparks, Nevada renters (41%) moved in 2010 to 2017, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Sparks, Nevada condos for rent is 2018.
Sparks, Nevada Renter-occupied housing units by vehicles available**
When it comes to transportation options, 38% of Sparks, Nevada renters have 1 vehicle available per household, 38% of them have 2 vehicles available, and 10% have No vehicle available.
Sparks, Nevada Means of transportation to work of householders living in renter-occupied housing units**
Sparks, 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 Sparks, 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
