
Cheap Homes for Rent in Downtown Reno Neighborhood of Reno, NV from $900 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Reno area of Reno.


625 Eureka Ave

720 E 7th St

722 E 7th St

1512 Locust St
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.

520 Colorado River Blvd

700 E Taylor St, Unit B

700 E Taylor St

1131 Hunter Lake Dr

849 Roberts St, Unit 879
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.

80 Arden Cir
Downtown Reno, Reno, NV Local Guide

How much does it cost to rent a home in Downtown Reno?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Reno 2 Bedroom Homes for Rent | $2,196 | $1,250 | $4,500 |
| Downtown Reno 3 Bedroom Homes for Rent | $2,988 | $2,050 | $3,995 |
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Downtown Reno Neighborhood of Reno, NV.
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Downtown Reno, Reno, NV Local Guide
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Cheapest Available Downtown Reno Apartments for Rent
 The cheapest available apartment rental in the Downtown Reno area of Reno, NV is a Studio unit found at Colony Studios & Apartments priced from $725. The Rivet has the second lowest priced unit, which is a Studio apartment currently listed from $840. Here are the most affordable Downtown Reno apartments for rent in Reno, NV:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colony Studios & Apartments | Renovated Dorm Style Studio | Studio,1BA | $725 |
| The Rivet | Studio Small | Studio,1BA | $840 |
| Locust Apartments | 0 Beds, 1 Baths | Studio,1BA | $850 |
| Vintage at Washington Station | 1 Bedroom | 1BR,1BA | $985 |
| Truckee River Terrace | Truckee A1 | Studio,1BA | $1,000 |
Best Value Apartments for Rent in Downtown Reno, NV
As of July 08, 2026 the best value apartment in the Downtown Reno area is the $0.56 price per square foot D1 Model at Canyon Flats in the in the North Valleys neighborhood starting from $756. The second greatest value Downtown Reno apartment is the 2x1 Model at Harvard Apartments starting at $1,550 with a $1.58 price per square foot in the North Valleys neighborhood. Here is today’s list of the best values for Downtown Reno apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Canyon Flats | D1 | 4BR,4BA | $0.56 |
| Harvard Apartments | 2x1 | 2BR,1BA | $1.58 |
| 239-247 Cheney St | 2 Beds, 2 Baths | 2BR,2BA | $1.73 |
| 1800 On Purdue | 2 bedroom 1 bath | 2BR,1BA | $1.65 |
| Sierra Townhomes | 2 bedroom 1 bath townhome | 2BR,1BA | $1.85 |
| River Arms Apartments | Two Bedroom | 2BR,1BA | $1.75 |
| Regina Marie Apartments | 1 Bedroom / 1 Bathroom | 1BR,1BA | $1.79 |
| Stardust Apartments | 1/1 West | 1BR,1BA | $2.08 |
| Vintage at Washington Station | 1 Bedroom | 1BR,1BA | $1.93 |
| Locust Apartments | 0 Beds, 1 Baths | Studio ,1BA | $2.00 |
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.
Best Local Schools in Downtown Reno, Reno, NV
Mount Rose Elementary School
School data provided by Great Schools
Frequently Asked Questions about Downtown Reno
What type of rentals are currently available in Downtown Reno?
There are currently 519 Apartments for Rent in Downtown Reno, NV with pricing that ranges from $725 to $6,867. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Reno ranging from $974 to $4,500.
What is the current price range for Rental Homes in Downtown Reno?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Reno ranges from $974 to $4,500 with an average monthly rent of $2,042.
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

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.