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:
- August 2013: 3639
- July 2013: 3355
- June 2013: 3224
- May 2013: 3297
- April 2013: 3100
- March 2013: 3188
- February 2013: 3141
- January 2013: 2608
- December 2012: 2289
- November 2012: 2690
- October 2012: 2913
- September 2012: 2626
- August 2012: 3409
- July 2012: 2912
- June 2012: 3007
- May 2012: 2887
Average Monthly Rental Rates:
- August 2013: $1222
- July 2013: $1564
- June 2013: $1383
- May 2013: $1348
- April 2013: $1283
- March 2013: $1315
- February 2013: $1274
- January 2013: $1462
- December 2012: $1535
- November 2012: $1240
- October 2012: $1307
- September 2012: $1308
- August 2012: $1323
- July 2012: $1491
- June 2012: $1222
- May 2012: $1235
Median Monthly Rental Rates:
- August 2013: $1100
- July 2013: $1100
- June 2013: $1138
- May 2013: $1125
- April 2013: $1100
- March 2013: $1095
- February 2013: $1050
- January 2013: $1095
- December 2012: $1075
- November 2012: $1100
- October 2012: $1095
- September 2012: $1095
- August 2012: $1095
- July 2012: $1100
- June 2012: $1100
- May 2012: $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
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Typical Move in Costs for Renting a Las Vegas Home
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