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Renee Burrows' Blog

By Renee Burrows | Broker in Las Vegas, NV

Las Vegas NV Area Rental Market Report

Las Vegas Homes for Rent

Las Vegas Homes for Rent

Renters are becoming buyers finally as resale purchase prices drop and economic conditions in the valley are preventing high numbers of new incoming residents to move here. This has softened rental prices slightly as many investors are buying all cash in the market currently and then renting. More homes available for rent (higher supply) and less renters (lower demand.)

Units Leased:

  • November 2012:  2690
  • October 2012:  2913
  • September 2012:  2626
  • August 2012:  3409
  • July 2012:  2912
  • June 2012:  3007
  • May 2012:  2880
  • April 2012:  2590
  • March 2012:  3031
  • February 2012:  2835
  • January 2012:  2471
  • December 2011:  2114
  • November 2011:  2290
  • October 2011:  2399

Average Monthly Rental Rates:

  • November 2012:  $1240
  • October 2012:  $1307
  • September 2012:  $1308
  • August 2012:  $1323
  • July 2012:  $1491
  • June 2012:  $1222
  • May 2012:  $1235
  • April 2012:  $1299
  • March 2012:  $1621
  • February 2012:  $1347
  • January 2012:  $1447
  • December 2011:  $1307
  • November 2011:  $1328
  • October 2011:  $1355

Median Monthly Rental Rates:

  • November 2012:  $1100
  • October 2012:  $1095
  • September 2012:  $1095
  • August 2012:  $1095
  • July 2012:  $1100
  • June 2012:  $1100
  • May 2012:  $1100
  • April 2012:  $1095
  • March 2012:  $1095
  • February 2012:  $1080
  • January 2012:  $1095
  • December 2011:  $1095
  • November 2011:  $1095
  • October 2011:  $1100

Las Vegas Area remains a Landlord's Market in the Rental Sector for the Las Vegas Valley.

How to check to see if the home you are renting is in default

Last Month's Las Vegas Area Rental Home Report

How to Rent a Home in Las Vegas - Fill Out the Form on this page to rent or ask for property management services.

Typical Move in Costs for Renting a Las Vegas Home

Search for Rental Homes:

copyright 2006-2011 Renee Burrows, REALTOR®, The Force Realty  702-966-2494

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Comments

By Sharon Paxson,  Mon Jan 21 2013, 07:34
Great information about the rental market.
By Renee Burrows,  Thu Jan 31 2013, 17:10
Thanks for stopping by Sharon!

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