Monthly Las Vegas Rental Report: How Much Can Homeowners Expect for Rent? (January 2026)

LAS VEGAS, NV – The latest rental market figures for January 2026 point to a modest bounce in advertised rents across the Las Vegas Valley after several months of softening through late 2025. According to Zillow, the average rent for all bedrooms and all property types now stands at $1,940 per month, up $29 month-over-month but still $60 lower year-over-year as of January 1, 2026. Zumper, which tracks median rent across all bedroom counts and property types, reports the citywide median at $1,795 per month, a 1 percent decrease compared to last year and about $105 below the national median, reinforcing Las Vegas’ position as a comparatively affordable large metro.

What the January numbers show

Taken together, these indicators suggest a market that is stabilizing after a cooler fall and early-winter period rather than returning to the rapid rent growth seen earlier in the decade. Zillow’s January figure of $1,940 reverses December’s decline from $1,923 in November to $1,912 in early December, but it does so against a backdrop of a still-notable year-over-year discount. The median rent holding at $1,795 on Zumper underscores that much of the movement is happening at the margins, with renters remaining price-sensitive and owners needing to stay realistic on asking rents.

By bedroom and property type

Publicly available January 2026 data continue to show meaningful differences between smaller units, larger homes, and different property types. Zumper’s Las Vegas page indicates that, as of early January, median apartment rent is about $1,300, condos average around $1,482, and single-family houses average roughly $2,190, with little to no month-over-month change in those subcategories. Within apartments, Zumper’s current averages put studios around $986, 1-bedroom units near $1,140, 2-bedrooms around $1,449, and 3-bedrooms around $1,950, each moving roughly 1 percent over the last 30 days.

Apartments.com, which focuses on apartment communities rather than single-family rentals, shows a similar story, listing overall apartment rents in Las Vegas near the mid–$1,200s, with typical one-bedroom units in the low $1,200s to mid $1,200s and two-bedrooms in the low $1,500s as of January 9, 2026. This highlights a persistent spread between purpose-built apartment product and standalone homes, where renters are still paying a premium for space, yards, and privacy.

Month‑over‑month and year‑over‑year trends

From a monthly perspective, Zillow’s +$29 change from December’s $1,912 to January’s $1,940 suggests a mild firming in advertised prices as the market heads into the new year, following the earlier declines of $27 from October to November and $13 from November to December. On a yearly basis, however, the same series shows January 2026 still $60 below January 2025’s $2,000 average, confirming that Las Vegas rents remain off their prior highs even with the recent uptick. Zumper’s data tell a similar story: the metro-wide median remains at $1,795, marked as a 1 percent year-over-year decline, even as some bedroom segments show small positive month-over-month changes.

What this means for Las Vegas homeowners

For local homeowners considering renting out a property in 2026, these numbers imply a market that is no longer falling as quickly as it was in mid‑2025, but where tenants still have enough options to push back against aggressive pricing. Well-maintained homes in desirable neighborhoods can still expect strong interest in the high $1,000s to mid $2,000s depending on size, upgrades, and location, but overpricing by even $50–$100 can extend vacancy in a market that is normalizing rather than surging.

Owners should focus on three levers: competitive asking rent in line with the current averages, professional‑quality photos and online presentation, and responsive management that makes it easy for qualified tenants to apply and move quickly. For homeowners unsure where their specific property fits relative to the citywide figures above, a custom rent estimate that factors in exact neighborhood, square footage, condition, and recent local comps will provide a more precise target than broad metro averages alone.

*Data sources: Zillow Las Vegas rental market trends (average rent for all bedrooms and property types, last updated January 1, 2026) and Zumper Las Vegas rent research (median rent, bedroom and property-type averages, last updated January 9, 2026), along with supplemental apartment trend data from Apartments.com as of January 9, 2026. 

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.