Last updated
Average Rent in Reno 89431 & Rent Trends
Rent prices and market trends across 1 apartment community in Reno 89431, Reno, NV. Updated daily.
Market Average
$1,972/mo
▼ 0.9% from last month
Lowest Available
$1,884/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
2
available now
Reno 89431 vs Reno, NV Average
Reno 89431 is more expensive the Reno, NV average by $378/mo (24%). The citywide average is $1,594/mo across all neighborhoods.
Is Rent Going Up or Down in Reno 89431?
As of May 2026, the average rent in Reno 89431 is $1,972 per month across 1 apartment community and 2 available units. Rents have decreased $17 (0.9%) over the past month.
The most affordable option is The Atrium at Victorian Square starting at $1,884/mo. By unit type, a 2-bedroom averages $1,972/mo.
Prices range from $1,884 to $2,059 per month. The most common price point is the $1,800 range, where 1 units are currently listed.
Reno 89431 Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Reno 89431
Rent Prices by Apartment in Reno 89431
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Atrium at Victorian Square | $1,884/mo | $1,972/mo | 2 | 4.3 |
Google Search Trends for Reno 89431 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Reno 89431
What is the average rent in Reno 89431?
Is rent going up or down in Reno 89431?
What is the cheapest apartment in Reno 89431?
How many apartments are available in Reno 89431?
What salary do I need to live comfortably in Reno 89431?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$79,000/year
30 percent rule -- using our average rent of $1,972/mo.
Comfortable income
$95,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,884/mo), you need to earn at least $75,000/year.
Median household income in Reno 89431 is $78,448 , about 17% below the comfortable-living threshold.
Cost of living in Reno 89431
Overall prices in Reno 89431 runs below the national average by about 2% (BEA Regional Price Parity index 98.0, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Reno 89431's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,972 |
| Utilities | $498 |
| Groceries | $523 |
| Transportation | $1,188 |
| Healthcare | $579 |
| Other goods and services | $927 |
| Estimated total | $5,687/mo |
Population
268,959
Median household income
$78,448
Census median rent
$1,453/mo
Rent as % of income
30.5%
Median age
37.3
Mean commute
21 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Reno 89431 Apartments
Browse all 1 communities with daily-updated pricing and availability.