Quarterly review
Reno apartment market, Q2 2026
Conventional Reno apartments ended Q2 2026 at 94.5% occupancy, +0.8% for the quarter, with an average effective rent of $1,756 (+1.4%).
19% of properties were offering concessions, with an average package worth 6.9% of rent.
355 units were absorbed during the quarter while 0 new units joined the market.
Compared with Q1 2026, effective rent moved up $24 per month.
Occupancy
94.5%
+0.8% quarter over quarter
Effective rent
$1,756
+1.4% quarter over quarter
Offering concessions
19%
-22.5% quarter over quarter
Units absorbed
355
this quarter quarter over quarter
Submarkets
Movers in Q2 2026
Sparks
96.2%
occupancy +2.4%
$1,849
effective rent +2.7%
North Valleys
95.4%
occupancy +1.9%
$1,767
effective rent +1.1%
West Reno
96.0%
occupancy +0.8%
$1,858
effective rent +2.5%
Central Reno/Airport
93.1%
occupancy +0.3%
$1,787
effective rent +0.8%
Downtown Reno
92.0%
occupancy -0.6%
$1,413
effective rent -0.1%
Douglas County
n/a
occupancy
$1,157
effective rent 0.0%
Carson City
94.0%
occupancy -1.7%
$1,495
effective rent -1.1%
By property type
The full market
| Type | Properties | Units | Occupancy | Effective rent | Offering concessions |
|---|---|---|---|---|---|
| Conventional | 366 | 45,798 | 94.5% | $1,756 | 18.8% |
| Affordable | 92 | 10,625 | 90.5% | $1,271 | 14.6% |
| Senior Living | 60 | 5,005 | 82.0% | $2,217 | 4.3% |
| Student Housing | 16 | 2,412 | 92.8% | $2,245 | 20.0% |
Source: ALN Apartment Data, Reno quarterly review. Analysis by Next Level Property Management.
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