Rental activity and trends for the Las Vegas Metro area as reported by Zillow Research – November 2024

The share of rental listings on Zillow offering a concession set a new record at 38.6% in November — the highest share in Zillow data beginning in April 2019. However, the increase from the prior month was only 0.9 percentage points, the smallest since July. 

Typical Rent:  $1,778  (2.3% increase year over year)

Single Family: $2,182 (3.9% increase year over year)

Multifamily: $1,519 (1.4% change year over year)

Observed Rent Index – Las Vegas

Single Family vs. Multifamily – Las Vegas

Observed Rent Index – United States