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
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Typical Move in Costs for Renting a Las Vegas Home
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