Cheap Apartments for Rent in the Ward 3 Neighborhood of Reno, NV from $500 (75 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Ward 3 area of Reno.

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The Rivet
$856 - $1,041
Total Monthly Price

Total Monthly Price

Base Rent
$846 - $1,031
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio Apartments Available Now

The Rivet

2050 Market StReno, NV 89502
Furnished
  • Verified
  • Utilities Included
  • 3D Tour
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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 760 Moran St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Home for Rent

Available Apr 24

760 Moran St

RenoNV89502
property at 565 Roberts St

$1,045

Total Monthly Price

Total Monthly Price

Base Rent
$1,045

Total Monthly Price
$1,045

1 Bedroom, 1 Bath Home for Rent

Available May 5

565 Roberts 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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Palace Apartments
$1,079 - $1,654
Total Monthly Price

Total Monthly Price

Base Rent
$975 - $1,550
Required Monthly Fees
$104

Total Monthly Price
$1,079 - $1,654
Studio to 2 Bedroom Apartments Available Now

Palace Apartments

395 E Grove StReno, NV 89502
Affordability
  • Verified
  • Customer Reviewed
  • Smoke Free
property at 1060 Wilson Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom Rentals

Available Now

1060 Wilson Ave

RenoNV89502
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Peaks at the Park
$1,169 - $1,729
Total Monthly Price

Total Monthly Price

Base Rent
$915 - $1,475
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Peaks at the Park

950 Nutmeg PlReno, NV 89502
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 1033 Parkview St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

1033 Parkview St

RenoNV89502
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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 Now

Brooktree Apartments

2400 Harvard WayReno, NV 89502
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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 460 Wilson Ave

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

2 Bedroom, 1 Bath Home for Rent

Available Now

460 Wilson Ave

RenoNV89502
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Kirman Garden
$1,295 - $1,725
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,295 - $1,725

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Kirman Garden

444 Kirman AveReno, NV 89502
Affordability
  • Verified
  • 3D Tour
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The Point Midtown
Studio Apartments

The Point Midtown

1901 S Virginia StReno, NV 89502
Student Housing
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Grove Manor
Studio to 1 Bedroom Apartments

Grove Manor

255 E Grove StReno, NV 89502
  • Utilities Included

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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Montara Apartments
1 Bedroom Apartments

Montara Apartments

669 N Sadleir WayReno, NV 89512
  • Utilities Included
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Habitat Flats
Studio Apartments

Habitat Flats

72 High StReno, NV 89502
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Ala Moana Apartments
1 to 2 Bedroom Apartments

Ala Moana Apartments

3300 Kauai CtReno, NV 89509
  • Utilities Included
property at 496 Highland Ave

$1,050

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

Studio, 1 Bath Home for Rent

Available Now

496 Highland Ave

RenoNV89512
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LOCUST CANYON APARTMENTS
Studio to 1 Bedroom Apartments

LOCUST CANYON APARTMENTS

475 Grand Canyon BlvdReno, NV 89502
  • Utilities Included
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300 Holcomb
Studio to 1 Bedroom Apartments

300 Holcomb

300 Holcomb AveReno, NV 89502

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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Belli Apartments
1 Bedroom Apartments

Belli Apartments

865 Belli DrReno, NV 89502
  • Utilities Included
property at 662 Eureka Ave

$1,190

Total Monthly Price

Total Monthly Price

Base Rent
$1,190

Total Monthly Price
$1,190

1 Bedroom, 1 Bath Home for Rent

Available Now

662 Eureka Ave

RenoNV89512
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2965 Carville Dr
1 to 2 Bedroom Apartments

2965 Carville Dr

2965 Carville DrReno, NV 89512
  • Utilities Included
property at 2450 Lymbery St

$1,195 - $1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

Studio To 2 Bedroom Rentals

Available Now

2450 Lymbery St

RenoNV89509

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.

Ward 3, Reno, NV Local Guide

Cheapest Available Ward 3 Apartments for Rent

 

The cheapest available apartment rental in the Ward 3 area of Reno, NV is a Studio unit found at The Villager Studio Apartments priced from $725. Colony Studios & Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here are the most affordable Ward 3 apartments for rent in Reno, NV:

Apartment ListingModel NameBed/BathPriced From
The Villager Studio ApartmentsStudioStudio,1BA$725
Colony Studios & ApartmentsRenovated Dorm Style StudioStudio,1BA$740
The RivetStudio SmallStudio,1BA$856
Park Willow ApartmentsUnit 210Studio,1BA$957
ParcOne60StudioStudio,1BA$1,075
Mountain View ApartmentsFurnished StudioStudio,1BA$1,125
Linden Apartments1b11BR,1BA$1,135
Peaks at the ParkS1Studio,1BA$1,169
Banbridge1 BED1BR,1BA$1,177
Park On Virginia1 Bed 1 Bath1BR,1BA$1,185

Best Value Apartments for Rent in Ward 3, NV

As of April 20, 2026 the best value apartment in the Ward 3 area is the $1.70 price per square foot Plan A Model at SPRING VILLAS APARTMENTS in the in the The Foothills at Wingfield Springs : Estrella neighborhood starting from $2,211. The second greatest value Ward 3 apartment is the 2x2 Residences Model at Fountainhouse at Victorian Square starting at $2,051 with a $1.86 price per square foot in the The Foothills at Wingfield Springs : Estrella neighborhood. Here is today’s list of the best values for Ward 3 apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
SPRING VILLAS APARTMENTSPlan A1BR,2BA$1.70
Fountainhouse at Victorian Square2x2 Residences2BR,2BA$1.86
Sherwood Forest Apartments12BR,1.5BA$1.73
1800 On Purdue2 bedroom 1 bath2BR,1BA$1.65
Sierra Townhomes2 bedroom 1 bath townhome2BR,1BA$1.85
Riley Apartments2b12BR,1BA$1.67
Golden ApartmentsTwo Bedroom2BR,1BA$1.61
Park On Virginia1 Bed 1 Bath1BR,1BA$1.82
Park Willow ApartmentsUnit 210Studio ,1BA$1.47
218 3rd St1 Bed 1 Bath1BR,1BA$1.86

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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

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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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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Nevada including Ward 3, Reno, and the greater Reno area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and proximity to parks, family-friendly amenities, raising pets, transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Ward 3 Apartments

What is a cheap apartment in Ward 3?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Ward 3 is under $1,185.

What is the price of a cheap apartment in Ward 3?

The cheapest apartment in Ward 3 is Linden Apartments which is listed at $1,135, while the average apartment in Ward 3 costs $2,072.

What types of apartments are the cheapest in Ward 3?

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 14 regular apartments in Ward 3 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 Ward 3?

Cheap apartments in Ward 3 have an average cost of $258 which is $1,814 cheaper than the average rent for all rentals in Ward 3.

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.