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

“A soft labor market with low hiring rates and job-to-job mobility is another likely culprit for slower-than-expected rental demand for this time of year. “

“The silver lining for property managers is that rental demand is generally more resilient than buyer demand in times of economic uncertainty..”

Typical Rent:  $1,782  

Single Family: $2,225 (0.8% increase year over year)

Multifamily: $1,534 (0.1% change year over year)

Observed Rent Index – Las Vegas

Single Family vs. Multifamily – Las Vegas

Observed Rent Index – United States