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

LAS VEGAS, NV – The latest rental market figures for February 2026 show relatively steady conditions in the Las Vegas Valley after a modest winter uptick. According to Zillow, the average rent for all bedrooms and all property types now sits at approximately $1,940 per month, roughly $25 higher month-over-month but still about $60 below year-ago levels. Meanwhile, Zumper’s median rent across all bedroom counts remains near $1,795 per month, reflecting a market that is broadly stable with only modest movement in the last 30 days.

What the February numbers show

Taken together, these indicators suggest that Las Vegas rental pricing has largely leveled off as winter turns to spring rather than seeing broad acceleration or sharp declines in asking rents. Zillow’s February average of $1,940 shows how advertised rents have stayed clustered near where they were in January, holding a modest discount compared to early 2025 figures. Similarly, Zumper data indicate minimal month-over-month shifts in median rents, with most of the recent variation occurring within specific bedroom categories rather than across the market overall.

By bedroom and property type

Public data from Zumper and Apartments.com highlight meaningful differences by unit size and type in early February:

• Apartment averages from Apartments.com show typical rents near $1,269 for one-bedroom units and about $1,531 for two-bedrooms, with studios near $986 and larger three-bedrooms around $1,840.
• Zumper’s rolling figures indicate that median rents for individual bedroom counts have mostly held steady in the past 30 days, with studios near $997, one-bedrooms roughly $1,108, two-bedrooms near $1,450, and three-bedrooms about $1,975.
  These splits underscore the continued spread between smaller apartment stock and larger homes or multi-bedroom units, where more space and features can command higher monthly premiums.

Month-over-month and year-over-year trends

From a short-term perspective, Zillow’s roughly $25 increase from January to February suggests mild firming in advertised rents as the market has moved out of the holiday season and into early Spring. On a yearly basis, however, the same series remains lower than February 2025 levels, confirming that the Las Vegas rental market has not fully recaptured the peaks seen in recent years. Zumper’s median also continues to sit below the national median, emphasizing Las Vegas’ relative affordability in the current market context.

What this means for Las Vegas homeowners

For local homeowners considering renting out a property in 2026, the February data point to a market that is stable but competitive. Rents aren’t declining sharply anymore, but tenants still have options, which can make aggressive pricing counterproductive. Properties that are well-presented, priced near current market averages, and professionally marketed are more likely to secure qualified renters quickly. Owners who overprice – even by $50–$100 – may find vacancy periods lengthening in a market that is leveling rather than surging.

Homeowners unsure where their specific property fits relative to these broad figures should consider a free custom rent estimate based on neighborhood, square footage, condition, and recent comps, as broad metro averages do not capture the nuanced variations across different pockets of the Las Vegas Valley.

Data sources: Zillow Las Vegas rental market trends (average rent for all bedrooms and property types, as of early February 2026) and Zumper Las Vegas rent research (median rent and bedroom-level data, updated February 5, 2026), along with supplemental apartment trend data from Apartments.com (as of February 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.