Cheap Homes for Rent in Reno, NV from $700 (80 Rentals)

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property at 200 Talus Way

200 Talus Way

RenoNV89503
property at 4606 Neil Rd

4606 Neil Rd

RenoNV89502
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Reno, NV Local Guide

Cheapest Neighborhoods for Apartments in Reno, NV

Pricing Updated: 04/16/2025

Current apartment rentals in the Reno, NV area range in price from $499 to $6,776 with an overall median price of $2,253. 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$1,800$499500
Dandini Regional Center$1,848$499394
Mountain View Estates$1,895$499350
Plumas$1,902$85034
Silverado Ranch Estates$1,995$61029
Ward 3$2,025$699176
Sierra Meadows$2,035$699118
Wells Avenue Neighborhood$2,035$52580
Reno Tahoe Intl Airport$2,055$81395
West University$2,063$695294

Cheapest Available Reno Apartments for Rent

 

The cheapest available apartment rental in Reno, NV is a 1 Bed unit found at Banbridge in the North Valleys neighborhood priced from $498. ALTITUDE BY VINTAGE in the North Valleys neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $610. Here is today’s list of the most affordable Reno apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Banbridge1 BED1BR,1BA$498
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

Best Value Apartments for Rent in Reno, NV

As of April 16, 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 East 2 Bed Model at Wolf Run starting at $827 with a $0.81 price per square foot in the West University 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
Wolf RunEast 2 Bed2BR,2BA$0.81
The Ridge at Sun Valley3x23BR,2BA$1.34
SKY MOUNTAIN BY VINTAGE2x1 B2BR,1BA$0.85
Idlewild2x22BR,2BA$1.31
The RepublicB1A2BR,2BA$0.89
Whittell Pointe I and II1 Bed 1 Bath1BR,1BA$1.37
Fifteen512x2 CT2BR,2BA$1.35
Grace Senior Apartments | Affordable Senio...1 Bedroom1BR,1BA$1.21
Banbridge1 BED1BR,1BA$0.84

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Frequently Asked Questions about Reno

What type of rentals are currently available in Reno?

There are currently 1046 Apartments for Rent in Reno, NV with pricing that ranges from $499 to $6,776. There are also 284 Single Family Homes for rent, Condos, and Townhome rentals currently available in Reno ranging from $700 to $8,000.

What is the current price range for Rental Homes in Reno?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Reno ranges from $700 to $8,000 with an average monthly rent of $2,960.

How much are larger Three and Four Bedroom Rentals in Reno?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Reno range from $725 to $6,776, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $7,000. Four Bedroom Single-Family rentals are also available starting from $2,390 and Four Bedroom Apartments start at $585.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.