Cheap Homes for Rent in Reno, NV from $500 (73 Rentals)

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

property at 10076 Atwood St

10076 Atwood St

RenoNV89506
property at 200 Talus Way

200 Talus Way

RenoNV89503
property at 2450 Lymbery St

2450 Lymbery St

RenoNV89509
property at 760 Balzar Cir

760 Balzar Cir

RenoNV89502
property at 1000 Beck St

1000 Beck St

RenoNV89509

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.

property at 4051 Shinners Pl

4051 Shinners Pl

RenoNV89502
property at 1340 N Sierra St

1340 N Sierra St

RenoNV89503
property at 2450 Lymbery St

2450 Lymbery St

RenoNV89509
property at 450 N Arlington Ave

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

property at 4602 Neil Rd

4602 Neil Rd

RenoNV89502
property at 4602 Neil Rd

4602 Neil Rd

RenoNV89502
property at 5020 Tahiti Wy

5020 Tahiti Wy

RenoNV89502

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

property at 1987 Plumas St

1987 Plumas St

RenoNV89509
property at 1027 W 2nd St

1027 W 2nd St

RenoNV89503
property at 2835 Skyline Blvd

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

property at 1132 Parkview Street
property at 3948 Clear Acre Ln
property at 4985 W 7th St

4985 W 7th St

RenoNV89503
property at 236 18th St

236 18th St

SparksNV89431

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Reno, NV Local Guide

Cheapest Neighborhoods for Apartments in Reno, NV

Pricing Updated: 09/06/2025

Current apartment rentals in the Reno, NV area range in price from $525 to $9,194 with an overall median price of $2,518. The three Reno neighborhoods with the lowest median rent pricing are Dandini Regional Center at $545, Convention Center at $989, and Outer University at $525. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Reno Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Dandini Regional Center$1,554$545405
Convention Center$1,655$98925
Outer University$1,675$525586
West University$1,730$545281
Hillcrest East$1,735$545370
North Valleys$1,739$525790
Outer North Valleys$1,739$525790
Mountain View Estates$1,740$545354
Northeast Reno$1,810$89522
Ward 1$1,899$9003

Cheapest Available Reno Apartments for Rent

 

The cheapest available apartment rental in Reno, NV is a 1 Bed unit found at Carriage Stone Senior Apartments in the North Valleys neighborhood priced from $525. Fifteen51 in the West University neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $545. Here is today’s list of the most affordable Reno apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Carriage Stone Senior Apartments1 Bed, 1 bath1BR,1BA$525
Fifteen514x4 BT4BR,4BA$545
Grace Senior Apartments1 Bedroom1BR,1BA$561
400UT1BR/1.0BA1BR,1BA$695
Colony Studios & ApartmentsRenovated Dorm Style StudioStudio,1BA$699
The Villager Studio ApartmentsStudioStudio,1BA$725
ALTITUDE BY VINTAGE1x11BR,1BA$768
SOUTH PEAK BY VINTAGEPlan C4BR,2BA$769
The RivetStudio SmallStudio,1BA$796
Park Place at Reno4x44BR,4BA$819

Best Value Apartments for Rent in Reno, NV

As of September 06, 2025 the best value apartment in the Reno area is the $1.33 price per square foot 240 College Ct Model at 240 College Ct, Unit A in the in the West University neighborhood starting from $2,050. The second greatest value Reno apartment is the 3 Bed 3 Bath - Virginia St. View Model at The Towers at Pink Hill starting at $799 with a $0.59 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.
240 College Ct, Unit A240 College Ct2BR,1BA$1.33
The Towers at Pink Hill3 Bed 3 Bath - Virginia St. View3BR,3BA$0.59
SPRING VILLAS APARTMENTSPlan B2BR,2BA$1.33
The Highlands4X24BR,2BA$0.63
The RepublicB1A2BR,2BA$0.76
Fifteen513x2 ATS3BR,2BA$0.78
Grace Senior Apartments2 Bedroom2BR,2BA$1.17
The Ridge at Sun Valley2x12BR,2BA$1.36
Whittell Pointe I and II1 Bed 1 Bath1BR,1BA$1.40
Carriage Stone Senior Apartments2 Beds, 1 bath2BR,1BA$1.23

Quick 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.

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Pet Friendly Lifestyle
Reno, NV

Ranked #5

Among cities in Nevada for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 Reno

What type of rentals are currently available in Reno?

There are currently 1054 Apartments for Rent in Reno, NV with pricing that ranges from $525 to $8,571. There are also 415 Single Family Homes for rent, Condos, and Townhome rentals currently available in Reno ranging from $500 to $12,000.

What is the current price range for Rental Homes in Reno?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Reno ranges from $500 to $12,000 with an average monthly rent of $3,051.

How much are larger Three and Four Bedroom Rentals in Reno?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Reno range from $695 to $8,571, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $11,950. Four Bedroom Single-Family rentals are also available starting from $500 and Four Bedroom Apartments start at $545.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.