
Cheap Apartments for Rent in Reno, NV from $400 (254 Rentals)
Search the lowest-cost Apartments available for rent right now in Reno.


200 Talus Way

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The Villager Studio Apartments

Altitude by Vintage

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Colony Studios & Apartments

5290 Echo Ave

The Point West University

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400 University Ter, Unit B1

Carriage Stone Senior Apartments

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Truckee River Terrace
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.

2065 Whitfield Wy

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Cottages at Glenda

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The Rivet

760 Moran St

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The Loft Apartments

860 Quincy St

Golden Apartments

Pinyon Apartments

River Arms Apartments

Reno Regency
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

Elevation at the U

ParcOne60

Riverside Park Apartments

3481 Tripp Dr

The Onyx at 695

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Creekside Apartments

Westwood Sierra Apartments

Gibson Apartments

Mountain View Apartments
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

Meadow Wood Apartments

Regency Park

Whittell Pointe I and II

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Sage by Vintage

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Springview by Vintage

Zephyr Pointe

1056 Virbel Ln

614 Moran St

Fairway Park Manor
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

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Brooktree Apartments

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Peaks at the Park

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Wedekind Apartments

Creekside Apartments

Vintage at Redfield

Vintage at Washington Station

217 E Taylor St

Stardust Apartments

542 Capitol Hill Ave
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

How much does it cost to rent an apartment in Reno?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Reno Studio Apartments | $1,457 | $725 | $3,715 |
| Cheap Reno 1 Bedroom Apartments | $1,888 | $740 | $7,893 |
| Cheap Reno 2 Bedroom Apartments | $2,150 | $736 | $8,573 |
| Cheap Reno 3 Bedroom Apartments | $2,428 | $686 | $9,463 |
| Cheap Reno 4 Bedroom Apartments | $3,201 | $665 | $10,000+ |
| Reno 5 Bedroom Apartments | $2,842 | $715 | $3,595 |
Browse Top Apartments in Reno
See all Apartments in RenoExplore Reno
Reno, NV Local Guide

- Reno Neighborhoods
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Cheapest Neighborhoods for Apartments in Reno, NV
Pricing Updated: 08/08/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Convention Center | $1,569 | $989 | 21 |
| Reno Tahoe Intl Airport | $1,569 | $989 | 17 |
| Wells Avenue Neighborhood | $1,605 | $874 | 14 |
| Ward 3 | $1,657 | $725 | 130 |
| Ward 1 | $1,658 | $900 | 2 |
| Downtown Reno | $1,671 | $740 | 123 |
| Rancharrah | $1,680 | $900 | 49 |
| Dandini Regional Center | $1,690 | $551 | 96 |
| West University | $1,700 | $799 | 25 |
| Hillcrest East | $1,720 | $551 | 76 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Park On Virginia | 1 Bed 1 Bath | 1BR,1BA | $599 |
| Colony Studios & Apartments | Renovated Dorm Style Studio | Studio,1BA | $740 |
| Altitude by Vintage | 1x1 | 1BR,1BA | $740 |
| The Villager Studio Apartments | Studio | Studio,1BA | $765 |
| Sarrazin Arms Apartments | 0x1 | Studio,1BA | $850 |
| Cottages at Glenda | Studio, 1 bath | Studio,1BA | $900 |
| VINTAGE AT SANCTUARY | 1 Bedroom | 1BR,1BA | $939 |
| The Rivet | Studio Small | Studio,1BA | $942 |
| Park Willow Apartments | Unit 211 | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 400 University Ter, Unit B1 | 400 University Ter | 1BR,1BA | $0.71 |
| Whittell Pointe I and II | 3 Bed 2 Bath | 3BR,2BA | $1.49 |
| Springview by Vintage | C1 Alt | 3BR,2BA | $1.27 |
| Zephyr Pointe | 2 Bed 2 Bath | 2BR,2BA | $1.41 |
| SKY MOUNTAIN BY VINTAGE | 2x1 B | 2BR,1BA | $1.50 |
| Park On Virginia | 2 Bed 2 Bath | 2BR,2BA | $1.44 |
| Idlewild | 2x2 | 2BR,2BA | $1.31 |
| Canyon Flats | B1 | 2BR,2BA | $1.27 |
| Big Horn Apartments | Unit 1203 | 1BR,1BA | $1.56 |
| Park Willow Apartments | Unit 211 | Studio ,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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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.
Best Local Schools in Reno, NV
Hunter Lake Elementary School
Darrell C Swope Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Reno, NV Rentals by Map
See the most popular apartments and homes in Reno, NV
Reno, NV Area Reviews
Jennifer • 4+ years in Reno
July 17, 2025Rent 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

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.

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.

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.

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.