Cheap Homes for Rent in Reno, NV from $700 (48 Rentals)

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

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.

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property at 4602 Neil Rd

4602 Neil Rd

RenoNV89502

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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 3572 Neil Rd

3572 Neil Rd

RenoNV89502

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-48, Page 1 of 1

Reno, NV Local Guide

Cheapest Neighborhoods for Apartments in Reno, NV

Pricing Updated: 06/05/2025

Current apartment rentals in the Reno, NV area range in price from $499 to $35,000 with an overall median price of $3,975. The three Reno neighborhoods with the lowest median rent pricing are Outer University at $499, West University at $649, and Dandini Regional Center at $499. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Reno Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Outer University$1,735$499447
West University$1,735$649178
Dandini Regional Center$1,740$499267
Mountain View Estates$1,740$499233
Northeast Reno$1,760$809247
Silverado Ranch Estates$1,880$61040
North Valleys$1,887$499686
Outer North Valleys$1,887$499686
Ward 3$2,004$526179
Sierra Meadows$2,025$526112

Cheapest Available Reno Apartments for Rent

 

The cheapest available apartment rental in Reno, NV is a 1 Bed unit found at Sarrazin Arms Apartments in the West University neighborhood priced from $525. Park On Virginia in the Ward 3 neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $526. Here is today’s list of the most affordable Reno apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sarrazin Arms Apartments1x11BR,1BA$525
Park On Virginia1 Bed 1 Bath1BR,1BA$526
ALTITUDE BY VINTAGE2x12BR,1BA$610
400UT1BR/1.0BA1BR,1BA$695
Colony Studios & ApartmentsRenovated Dorm Style StudioStudio,1BA$699
Fifteen514x3 BTS4BR,3BA$700
The Villager Studio ApartmentsStudioStudio,1BA$725
SOUTH PEAK BY VINTAGEPlan C4BR,2BA$769
The RivetStudio SmallStudio,1BA$813
Park Place at Reno4x44BR,4BA$819

Best Value Apartments for Rent in Reno, NV

As of June 05, 2025 the best value apartment in the Reno area is the $0.96 price per square foot 3x2 Model at SKY MOUNTAIN BY VINTAGE in the in the North Valleys neighborhood starting from $1,175. The second greatest value Reno apartment is the 3x2 Model at STEAMBOAT BY VINTAGE starting at $861 with a $0.75 price per square foot in the Calabria at Monte Sereno 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.
SKY MOUNTAIN BY VINTAGE3x23BR,2BA$0.96
STEAMBOAT BY VINTAGE3x23BR,2BA$0.75
The Highlands3X33BR,3BA$0.72
SOUTH PEAK BY VINTAGEPlan B3BR,2BA$1.23
Wolf RunEast 2 Bed2BR,2BA$0.81
Park On Virginia2 Bed 2 Bath2BR,2BA$1.29
Idlewild2x22BR,2BA$1.31
The RepublicB1A2BR,2BA$0.76
Springview by VintageB12BR,1BA$1.27
Whittell Pointe I and II1 Bed 1 Bath1BR,1BA$1.40

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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Frequently Asked Questions about Reno

What type of rentals are currently available in Reno?

There are currently 1049 Apartments for Rent in Reno, NV with pricing that ranges from $499 to $8,550. There are also 265 Single Family Homes for rent, Condos, and Townhome rentals currently available in Reno ranging from $795 to $11,000.

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 $795 to $11,000 with an average monthly rent of $2,555.

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 $795 to $8,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $8,500. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $585.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.