Reno market data · updated September 2026
Reno apartment market data, month by month.
Occupancy, rents, concessions and absorption across the Reno market since January 2023. Explore it, compare submarkets, then print it or send it to a partner.
Occupancy
94.1%
Effective rent
$1,800
+5.1% YoY
Offering concessions
16%
Units absorbed, 12 mo
1,064
trailing year
Submarkets
Not every part of Reno moves together.
Latest effective rent and occupancy for each submarket ALN reports. Some submarkets appear only in months where they rank among the top or bottom performers, so each shows its latest reading.
Sparks
95.7% occupied
West Reno
96.1% occupied
Central Reno/Airport
93.4% occupied
Carson City
97.5% occupied · Jan 2026
North Valleys
85.1% occupied · Jul 2026
Downtown Reno
89.8% occupied
Douglas County
By property type
The whole market, September 2026
| Type | Share | Properties | Units | Occupancy | Avg size | Asking rent | Effective rent | Offering concessions |
|---|---|---|---|---|---|---|---|---|
| Conventional | 72% | 366 | 45,792 | 94.1% | 883 sq ft | $1,824 | $1,800 | 15.6% |
| Affordable | 17% | 95 | 10,793 | 91.4% | 808 sq ft | $1,342 | $1,329 | 14.3% |
| Senior Living | 8% | 60 | 5,005 | 96.8% | 621 sq ft | $2,216 | $2,210 | 13.0% |
| Student Housing | 4% | 16 | 2,412 | 95.3% | 856 sq ft | $2,303 | $2,279 | 10.0% |
Quarterly reviews
Quarter by quarter
Q2 2026
$1,756
effective rent · 94.5% occupied
Read the reviewQ1 2026
$1,732
effective rent · 92.1% occupied
Read the reviewQ4 2025
$1,713
effective rent · 91.4% occupied
Read the reviewQ3 2025
$1,715
effective rent · 90.7% occupied
Read the reviewQ2 2025
$1,696
effective rent · 87.7% occupied
Read the reviewQ1 2025
$1,646
effective rent · 88.7% occupied
Read the reviewQ4 2024
$1,622
effective rent · 88.3% occupied
Read the reviewQ3 2024
$1,616
effective rent · 87.7% occupied
Read the reviewQ2 2024
$1,603
effective rent · 88.6% occupied
Read the reviewQ1 2024
$1,578
effective rent · 87.7% occupied
Read the reviewMonthly brief
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Data: ALN Apartment Data (alndata.com), Reno market reports for conventional properties unless noted. Charts and analysis by Next Level Property Management. For information only; not investment advice.
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