Rental activity and trends for the Las Vegas Metro area as reported by Zillow Research – June 2025

“Rental concessions hold steady at 35% – the highest level on record for June “

“Rising inventory in the for-sale market is helping to rebalance the rental market, as would-be buyers gain negotiating power, reducing pressure on rents.”

Typical Rent:  $1,823  (0.6% increase year over year)

Single Family: $2,259 (1.0% increase year over year)

Multifamily: $1,570 (-0.4% change year over year)

Observed Rent Index – Las Vegas

Single Family vs. Multifamily – Las Vegas

Observed Rent Index – United States