Local Rental Market Report: How Much Can Homeowners Expect for Rent?

LAS VEGAS — The latest rental market figures are in, and local property owners may be in for a surprise. Zillow reports the average rent for all bedrooms and all property types across Las Vegas sits at $1,995 per month, a decrease of $105 year-over-year, as of August 5, 2025. Meanwhile, Zumper places the median rent – across all unit types – at $1,895 per month, representing a 2% annual increase.

Breaking It Down: House vs. Apartment Costs

For homeowners considering renting out a single-family residence, Zillow reports the average rent for a house in the Las Vegas Valley is significantly higher – $2,172 per month – compared to the average apartment rate of $1,525. Local rental newsletters add that single-family homes currently rent for about $2,200/month, while apartments are averaging closer to $1,400/month.

Adding even more granularity, Rentometer offers insights by bedroom count:

• 2‑bedroom houses average $1,778
• 3‑bedroom houses average $2,268
• 4‑bedroom houses reach $2,764

What This Means for Homeowners

Metric	Snapshot
Market Trend	Overall average rents are slightly down, while median rents show modest growth.
Single-Family Wins	Renters pay noticeably more for standalone homes – roughly $2,200/month – making them lucrative for owners.
Size Matters	Bigger homes command higher rents: a 4-bed can fetch nearly $2,800.
Competitive Edge	With home rents exceeding averages, owners have room for premium pricing—if they position the property strategically.

(*Based on Data Provided)

Insights & Action Steps

• Leverage the Single-Family Advantage: If a homeowner is listing a standalone property, positioning it as such – with targeted marketing and justified pricing – can yield premium rent.
• Match Rent to Size: Tailor rental expectations based on bedroom count and amenities rather than just averages. A 3-bed listing deserves a higher benchmark.

While national headlines often paint the housing market in broad strokes, Las Vegas remains a unique rental landscape driven by tourism, steady population growth, and seasonal fluctuations. For property owners, the key takeaway is that market averages are only a starting point – your home’s actual rental value depends on its neighborhood, condition, amenities, and timing. Having a local property management expert conduct a free rental analysis can provide an accurate, data-driven estimate, helping you set a price that attracts quality tenants while maximizing your monthly income.

Shelter Realty Property Management specializes in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.