Las Vegas Rental Market Statistics 2024 + 2025

Las Vegas Rental Market Statistics 2024 + 2025

Single Family Rentals

Update February 8th, 2024

Rents of single-family residences increased almost 40% from 2019 to 2023. Recent market trends prove our rental market is holding strong. Rent rates have stabilized in Las Vegas and Henderson at higher rent rates than pre-pandemic (2019 and before).

 

Las Vegas Economy

The Las Vegas rental market is undergoing a post pandemic stabilization.

family sitting in kitchen renewing their Henderson Nevada rental lease

Rents are holding steady in 2024.

modern grey kitchen home for rent
 
 
 
The rent increases the past few years have been staggering (40%) and have proven to have stabilized.
woman applying for a rental home using a laptop

Institutional Investors

Institutional Investors in Las Vegas
The unknown is how the institutional investor purchases will impact our market long-term.
 
We are in unprecedented times with the billions and billions of dollars Wall Street has pumped into the residential real estate market.
 
If you’re unfamiliar with institutional investors in the sunbelt region google it or read an article like this one from Multi-Housing News or this article about Las Vegas Housing Trends in 2024 and 2025.
 
Some Wall Street investors are even funding purpose built rental neighborhoods (Build To Rent or BTR)….think apartment building living but all detached single family residences. 
 
Every neighbor is a renter…….
Exterior from of a Summerlin rental home

Las Vegas Rental Statistics Example # 1

 
Westwood Village neighborhood:
3 bedroom Green Valley, Henderson 89074
  • Market rent – $1,995/mo
  • Market value – $400k
  • Swipe right for additional photos

Las Vegas Rental Statistics # 2

 
Green Valley Ranch:  
4 bedroom Green Valley Ranch, Henderson 89012
  • Market rent – $2500/mo
  • Market value – $500k
  • Swipe right for additional photos

Las Vegas Rental Market Statistics Example # 3

Summerlin West **new home**: 
3 bedroom West Summerlin, Las Vegas 89138
  • Market Value – $800,000
  • Market rent – $3200/mo
  • swipe to view more photos

Las Vegas Rental Market Statistics Example # 4

  • Market Value – $1,400,000
  • Market rent – $6000/mo
  • Swipe right for additional photos
Click to view more examples of market value and rent rates.

Low Property Taxes

Low property taxes are one of the main reasons Las Vegas investment properties are so attractive.
 
As a general rule of thumb, annual estimated property taxes can be calculated at roughly .5%-.75% of the purchase price. For example, a property purchased for $400k would have annual property taxes of around $2,000 annually. Here’s a more detailed article we have written about Las Vegas Property Taxes.
 
This public search page can be used to determine current property taxes for any property in Las Vegas and Henderson: Clark County Treasurer.

The Future of Las Vegas...our city continues to grow.

superbowl las vegas 2024

2024 Super Bowl

Slated for February 11, 2024, the Super Bowl will take place at the recently opened Allegiant Stadium and marks the first time Las Vegas and the state of Nevada will welcome the Super Bowl.

 

The 2024 Super Bowl is expected to bring about $600 million in spending to the city. 

 

 
NBA logo
Las Vegas is expected to grow its portfolio of pro sports teams to include MLB and NBA in the near future.
MLB logo

Investing in Residential Real Estate is what we do.

Las Vegas investment properties have low operating costs compared to other major markets: low maintenance costs, low taxes, and reasonable insurance costs.

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Years Experience

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Houses Managed

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Happy Tenants

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move-in photos
Property Owners discussing a management agreement

Owner FAQs

Our Owner FAQ section was designed to help navigate some of the questions that come up in property management.

Onboarding and marketing of property

Pricing

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Rice Real Estate Property Management Service Area

Areas We Serve

We are selective when it comes to new partnerships to ensure we provide the highest level of attention to each Owner.