Las Vegas is the largest city in Nevada with a population of approximately 642,000. The city is known for expensive hotels, casinos, various performances, concerts and shows. The cost of living in Las Vegas cannot be called high when compared with New York, Miami, Los Angeles and other major US metropolitan areas. To date, Las Vegas is not even included in the TOP 50 US cities in terms of average rental prices. This suggests that rental prices remain low. The average rental price for a one-bedroom apartment in Las Vegas is $1,320 per month. One-bedroom apartment rentals are up 12.80% year-on-year (October 2021 to October 2022). The median rental price for a two-bedroom apartment is $1,560 per month, with prices up 9.90% in the last year. In this article, we look at the average rental prices for one and two-bedroom apartments in Las Vegas as of October 2022.
The cheapest neighborhoods in Las Vegas include Desert Shores ($850/month for one-bedroom apartments), Meadows ($875/month) and West Sahara ($1,025/month).
The most expensive neighborhoods in Las Vegas include Mira Villas ($1,625/month), Sun City Summerlin ($1,525/month) and Peccole Ranch ($1,475/month).