Spring Valley, 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 Spring Valley, Nevada rental market.
Spring Valley, Nevada
Average Apartment Rent
$1,655
Y-o-Y Change in Average
Apartment Rent
-0.5%
As of May 2026
Compared to a year ago, Spring Valley, Nevada apartments have recorded a -0.5% rent decrease.
Spring Valley, Nevada Average apartment rent trend
Spring Valley, Nevada Average Apartment Rent
Spring Valley, Nevada Apartment rent ranges
At 52.96%, apartments priced $1,500 - $2,000 represent the bulk of Spring Valley, Nevada rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.27%.
Spring Valley, Nevada Housing tenure**
Renters take up 51% of Spring Valley, Nevada real estate, occupying a total of 43,740 units, while homeowners live in 42,175 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$57,584
Average household size of renter-occupied housing units**
2.5
Rental vacancy rate**
5.3%
Spring Valley, Nevada Renter-occupied housing units by no. of bedrooms**
There are 17,608 rentals in Spring Valley, Nevada with 2 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 1,142 units. Overall, the median number of rooms in Spring Valley, Nevada homes for rent is 4.2.
Spring Valley, Nevada Renter-occupied units by age of householder**
Most condos for rent in Spring Valley, Nevada are occupied by residents in the 25 - 34 years age group (25%), followed by those in the 35 - 44 years age group (23%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Spring Valley, Nevada Renter-occupied housing units by family type**
Spring Valley, Nevada Renter-occupied housing units by the presence of own children**
A total of 23,028 apartments for rent in Spring Valley, Nevada, or 53% of all rentals are family households. Additionally, 28% of rental homes include children under the age of 18 – that’s 12,060 units. All in all, the median size of a renter-occupied household in Spring Valley, Nevada is 2.5.
Spring Valley, Nevada Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 28% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Spring Valley, Nevada.
Spring Valley, Nevada Renter-occupied units by year structure built**
The highest share of Spring Valley, Nevada apartment rentals, namely 31% or 13,530 units, were Built 1990 - 1999, followed by those Built 2000 - 2009 (26%, 11,192 units), and the ones Built 1980 - 1989 (17%, 7,403 units).
Spring Valley, Nevada Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Spring Valley, Nevada renters (46%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Spring Valley, Nevada condos for rent is 2018.
Spring Valley, Nevada Renter-occupied housing units by vehicles available**
When it comes to transportation options, 48% of Spring Valley, Nevada renters have 1 vehicle available per household, 34% of them have 2 vehicles available, and 9% have No vehicle available.
Spring Valley, Nevada Means of transportation to work of householders living in renter-occupied housing units**
Spring Valley, 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 Spring Valley, 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
