Cheap Apartments for Rent in Reno, NV from $400 (131 Rentals)

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Search the lowest-cost Apartments available for rent right now in Reno.

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Reno, NV Local Guide

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Cheapest Neighborhoods for Apartments in Reno, NV

Pricing Updated: 04/21/2025

Current apartment rentals in the Reno, NV area range in price from $499 to $6,776 with an overall median price of $2,200. The three Reno neighborhoods with the lowest median rent pricing are Outer University at $499, Dandini Regional Center at $499, and Mountain View Estates at $499. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Reno Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Outer University$1,750$499596
Dandini Regional Center$1,806$499490
Mountain View Estates$1,848$499444
West University$1,848$695406
Northeast Reno$1,853$809380
Ward 3$1,975$699184
Silverado Ranch Estates$1,995$61029
North Valleys$1,997$499889
Outer North Valleys$1,997$499889
Downtown Reno$2,015$525331

Cheapest Available Reno Apartments for Rent

 

The cheapest available apartment rental in Reno, NV is a 2 Beds unit found at ALTITUDE BY VINTAGE in the North Valleys neighborhood priced from $610. SOUTH PEAK BY VINTAGE in the Montelena at ArrowCreek neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $693. Here is today’s list of the most affordable Reno apartments for rent:

Apartment ListingModel NameBed/BathPriced From
ALTITUDE BY VINTAGE2x12BR,1BA$610
SOUTH PEAK BY VINTAGEPlan C4BR,2BA$693
400UT1BR/1.0BA1BR,1BA$695
Colony Studios & ApartmentsRenovated Dorm Style StudioStudio,1BA$699
Fifteen514x3 BTS4BR,3BA$700
The Villager Studio ApartmentsStudioStudio,1BA$725
The Ridge at Sun Valley1x11BR,1BA$793
Grace Senior Apartments | Affordable Senio...1 Bedroom1BR,1BA$794
The RivetStudio SmallStudio,1BA$813
Park Place at Reno4x44BR,4BA$819

Best Value Apartments for Rent in Reno, NV

As of April 21, 2025 the best value apartment in the Reno area is the $0.65 price per square foot 3X3 Model at The Highlands in the in the West University neighborhood starting from $725. The second greatest value Reno apartment is the Plan B Model at SOUTH PEAK BY VINTAGE starting at $1,343 with a $1.23 price per square foot in the Montelena at ArrowCreek neighborhood. Here is today’s list of the best values for Reno apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Highlands3X33BR,3BA$0.65
SOUTH PEAK BY VINTAGEPlan B3BR,2BA$1.23
Wolf RunEast 2 Bed2BR,2BA$0.81
Zephyr Pointe2 Bed 2 Bath2BR,2BA$1.41
The Ridge at Sun Valley3x23BR,2BA$1.34
Idlewild2x22BR,2BA$1.31
The RepublicB1A2BR,2BA$0.89
Whittell Pointe I and II1 Bed 1 Bath1BR,1BA$1.40
Fifteen512x2 CT2BR,2BA$1.35
Grace Senior Apartments | Affordable Senio...1 Bedroom1BR,1BA$1.21

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Reno Overview

A vibrant city that provides numerous cultural events and sporting events to check out throughout the year along with the iconic casinos, nightlife, entertainment and much, much more, Reno, NV is a fantastic place to live. This Nevada staples is a haven for those who prefer non-rainy days. There is little precipitation, and those who enjoy the outdoors can transition from water skis to snow skis as the seasons change.

Why live in Reno, NV?

Reno caters to as many interests as it has kinds of residents. Those who enjoy music can visit the Reno Philharmonic Orchestra and the Reno Pops Orchestra as well as the iconic Burning Man Festival. Theater goers can enjoy the Pioneer Center for Performing Arts and the Good Luck Macbeth Theatre Company. Sports fans can enjoy a range of activitieis ranging from minor league baseball to indoor hockey as well as amateur boxing and professional golf.

Pet Friendly Lifestyle
Reno, NV

Ranked #4

Among cities in Nevada for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Reno, NV

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Reno, NV Rentals by Map

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See the most popular apartments and homes in Reno, NV

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Getting Around Reno, NV

Walk Score®

58 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

60 / 100

Bikeable

Some bike infrastructure

Transit Score®

35 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Reno Apartments

What is a cheap apartment in Reno?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Reno is under $819.

What is the price of a cheap apartment in Reno?

The cheapest apartment in Reno is 400UT which is listed at $695, while the average apartment in Reno costs $2,200.

What types of apartments are the cheapest in Reno?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1,580 regular apartments in Reno that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Reno?

Cheap apartments in Reno have an average cost of $574 which is $1,626 cheaper than the average rent for all rentals in Reno.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.