Las Vegas NV Area Rental Home Market Report March 2013 (includes Henderson & North Las Vegas)

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Services for Real Estate Pros with Savvy Home Pix B.1000860.LLC

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:

  • 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:  2880
  • April 2012:  2590
  • March 2012:  3031
  • February 2012:  2835

Average Monthly Rental Rates:

  • 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
  • April 2012:  $1299
  • March 2012:  $1621
  • February 2012:  $1347

Median Monthly Rental Rates:

  • 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
  • April 2012:  $1095
  • March 2012:  $1095
  • February 2012:  $1080

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

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Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®
 

 

copyright 2006-2013 Renee Burrows, REALTOR®, Savvy Home Realty Solutions  702-966-2494

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Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - It looks like rental prices in Las Vegas NV are pretty consistent. We have a ton of investors purchasing homes in Wellington right now, so I'm curious how this will affect our rental market.

May 14, 2013 03:15 AM #1
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

I am curious how this wall all turn out too Michelle - with rising prices!

Jul 05, 2013 08:07 AM #2
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