Cheap Apartments for Rent in Reno, NV from $400 (254 Rentals)

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

property at 5290 Echo Ave

$750

Total Monthly Price3 Month Lease Term

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

3 Bedroom, 2 Bath Home for Rent

Available Now

5290 Echo Ave

RenoNV89506
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400 University Ter, Unit B1
$850
Total Monthly Price10 Month Lease Term

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850
1 Bedroom Apartment Available Now

400 University Ter, Unit B1

400 University TerReno, NV 89503
Furnished
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Truckee River Terrace
$880 - $1,410
Total Monthly Price

Total Monthly Price

Base Rent
$770 - $1,300
Required Monthly Fees
$110

Total Monthly Price
$880 - $1,410
Studio to 1 Bedroom Apartments Available Now

Truckee River Terrace

501 W 1st StReno, NV 89503
Affordability
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 2065 Whitfield Wy

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

Studio, 1 Bath Home for Rent

Available Now

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The Rivet
Rent Specials
$942 - $1,175
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$932 - $1,165
Required Monthly Fees
$10

Total Monthly Price
$942 - $1,175
Studio Apartments Available Now

The Rivet

2050 Market StReno, NV 89502
Corporate Housing
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  • Utilities Included
  • 3D Tour
property at 760 Moran St

$945

Total Monthly Price

Total Monthly Price

Base Rent
$945

Total Monthly Price
$945

1 Bedroom Rentals

Available Now

760 Moran St

RenoNV89502
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The Loft Apartments
Rent Specials
$950 - $1,650
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$950 - $1,650

Total Monthly Price
$950 - $1,650
Studio to 1 Bedroom Apartments Contact Us For Availability

The Loft Apartments

3660 Grant DrReno, NV 89509
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 860 Quincy St

$950 - $1,550

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

Studio To 2 Bedroom Rentals

Available Now

860 Quincy St

RenoNV89512

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Palace Apartments
$1,024 - $1,554
Total Monthly Price

Total Monthly Price

Base Rent
$1,020 - $1,550
Required Monthly Fees
$4

Total Monthly Price
$1,024 - $1,554
Studio to 2 Bedroom Apartments Available Now

Palace Apartments

395 E Grove StReno, NV 89502
Affordability
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property at 3481 Tripp Dr

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

1 Bedroom, 1 Bath Home for Rent

Available Now

3481 Tripp Dr

RenoNV89512
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Creekside Apartments
$1,100 - $1,400
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$1,100 - $1,400

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Contact Us For Availability

Creekside Apartments

4600 Mira Loma DrReno, NV 89502
Cost Per Sq.Ft.
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  • Customer Reviewed
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Talus Point
$1,130 - $2,570
Total Monthly Price

Total Monthly Price

Base Rent
$1,055 - $2,495
Required Monthly Fees
$75

Total Monthly Price
$1,130 - $2,570
Studio to 3 Bedroom Apartments Available Now

Talus Point

3970 Covington WayReno, NV 89503
Affordability
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  • Customer Reviewed
  • Utilities Included
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Sage by Vintage
Rent Specials
$1,183 - $1,415
Total Monthly Price

Total Monthly Price

Base Rent
$1,183 - $1,415

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Contact Us For Availability

Sage by Vintage

500 Stoker AveReno, NV 89503
Affordability
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  • Low Income
  • 3D Tour
property at 1056 Virbel Ln

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Home for Rent

Available Now

1056 Virbel Ln

RenoNV89502
property at 614 Moran St

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

1 Bedroom, 1 Bath Home for Rent

Available Now

614 Moran St

RenoNV89502

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Shoreline Plaza
$1,200 - $1,475
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200 - $1,475

Total Monthly Price
$1,200 - $1,475
1 to 2 Bedroom Apartments Available Now

Shoreline Plaza

2500 Dickerson RdReno, NV 89503
Affordability
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  • Customer Reviewed
  • 3D Tour
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Brooktree Apartments
$1,204 - $1,749
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $1,745
Required Monthly Fees
$4

Total Monthly Price
$1,204 - $1,749
1 to 2 Bedroom Apartments Available Aug 29

Brooktree Apartments

2400 Harvard WayReno, NV 89502
Affordability
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  • Customer Reviewed
  • Utilities Included
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Peaks at the Park
Rent Specials
$1,205 - $1,753
Total Monthly Price

Total Monthly Price

Base Rent
$951 - $1,499
Required Monthly Fees
$254

Total Monthly Price
$1,205 - $1,753
Studio to 3 Bedroom Apartments Available Now

Peaks at the Park

950 Nutmeg PlReno, NV 89502
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Wedekind Apartments
Rent Specials
$1,215 - $1,370
Total Monthly Price

Total Monthly Price

Base Rent
$1,215 - $1,370

Total Monthly Price
$1,215 - $1,370
1 to 2 Bedroom Apartments Available Now

Wedekind Apartments

2300 Wedekind RdReno, NV 89512
Affordability
  • Verified
  • Customer Reviewed
property at 542 Capitol Hill Ave

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Reno, NV Local Guide

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Cheapest Neighborhoods for Apartments in Reno, NV

Pricing Updated: 08/08/2026

Current apartment rentals in the Reno, NV area range in price from $551 to $19,443 with an overall median price of $1,901. The three Reno neighborhoods with the lowest median rent pricing are Convention Center at $1,569, Reno Tahoe Intl Airport at $1,569, and Wells Avenue Neighborhood at $1,605. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Reno Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Convention Center$1,569$98921
Reno Tahoe Intl Airport$1,569$98917
Wells Avenue Neighborhood$1,605$87414
Ward 3$1,657$725130
Ward 1$1,658$9002
Downtown Reno$1,671$740123
Rancharrah$1,680$90049
Dandini Regional Center$1,690$55196
West University$1,700$79925
Hillcrest East$1,720$55176

Cheapest Available Reno Apartments for Rent

 

The cheapest available apartment rental in Reno, NV is a 1 Bed unit found at Park On Virginia in the Ward 3 neighborhood priced from $599. Colony Studios & Apartments in the North Valleys neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here is today’s list of the most affordable Reno apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Park On Virginia1 Bed 1 Bath1BR,1BA$599
Colony Studios & ApartmentsRenovated Dorm Style StudioStudio,1BA$740
Altitude by Vintage1x11BR,1BA$740
The Villager Studio ApartmentsStudioStudio,1BA$765
Sarrazin Arms Apartments0x1Studio,1BA$850
Cottages at GlendaStudio, 1 bathStudio,1BA$900
VINTAGE AT SANCTUARY1 Bedroom1BR,1BA$939
The RivetStudio SmallStudio,1BA$942
Park Willow ApartmentsUnit 211Studio,1BA$993

Best Value Apartments for Rent in Reno, NV

As of August 08, 2026 the best value apartment in the Reno area is the $0.71 price per square foot 400 University Ter Model at 400 University Ter, Unit B1 in the in the West University neighborhood starting from $850. The second greatest value Reno apartment is the 3 Bed 2 Bath Model at Whittell Pointe I and II starting at $1,754 with a $1.49 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.
400 University Ter, Unit B1400 University Ter1BR,1BA$0.71
Whittell Pointe I and II3 Bed 2 Bath3BR,2BA$1.49
Springview by VintageC1 Alt3BR,2BA$1.27
Zephyr Pointe2 Bed 2 Bath2BR,2BA$1.41
SKY MOUNTAIN BY VINTAGE2x1 B2BR,1BA$1.50
Park On Virginia2 Bed 2 Bath2BR,2BA$1.44
Idlewild2x22BR,2BA$1.31
Canyon FlatsB12BR,2BA$1.27
Big Horn ApartmentsUnit 12031BR,1BA$1.56
Park Willow ApartmentsUnit 211Studio ,1BA$1.54

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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

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Reno, NV Area Reviews

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Jennifer4+ years in Reno

July 17, 2025

Rent far exceeds income here. Most rentals want monthly income to be 3x the monthly rent. Which makes finding an affordable place seem impossible. So good luck!

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 $993.

What is the price of a cheap apartment in Reno?

The cheapest apartment in Reno is Park On Virginia which is listed at $599, while the average apartment in Reno costs $1,901.

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 554 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 $440 which is $1,461 cheaper than the average rent for all rentals in Reno.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.