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Submarket data · through September 2026

Central Reno apartment market data

Central Reno apartments were 93.4% occupied with an average effective rent of $1,856 in the latest readings, through September 2026.

That rent is $56 above the Reno market average of $1,800.

Effective rent went from $1,650 in May 2024 to $1,856 in September 2026.

Occupancy

93.4%

Reno overall 94.1%

Effective rent

$1,856

Reno overall $1,800

Occupancy vs Reno

-0.7 pts

Latest readings

Rent vs Reno

+$56

Per month

The trend

How Central Reno has moved

Effective rent

$1,650 in May 2024 to $1,856 in September 2026

Occupancy

91.3% in January 2024 to 93.4% in September 2026

ReportOccupancyEffective rent
September 202693.4%$1,856
August 202693.4%$1,841
July 202693.7%$1,822
June 202693.1%$1,787
May 202693.0%n/a
April 202692.2%$1,782
March 202692.9%n/a
February 202692.7%n/a
January 202692.6%$1,775
December 202592.9%$1,754
October 202592.5%$1,761
August 202590.3%$1,768

Source: ALN Apartment Data. The last 12 reports that list Central Reno; n/a means that figure was not in the report. Analysis by Next Level Property Management.

Own apartments in Central Reno?

See where your building stands against this submarket, and what closing the gap would be worth.

Questions

Central Reno market questions

What is the average rent in Central Reno?
The average effective rent in Central Reno was $1,856 per month in the latest reading, according to ALN Apartment Data. Effective rent is what residents pay after concessions.
What is apartment occupancy in Central Reno?
Central Reno apartments were 93.4% occupied in the latest reading, against 94.1% for the Reno market.
How often is this data updated?
Monthly, when a new report arrives. ALN lists its leading and trailing submarkets, so a submarket does not appear in every month. We show the months it does appear in and never fill a gap.
How does Central Reno compare with Reno overall?
Effective rent is +$56 a month against the Reno average, and occupancy is -0.7 pts.
Can Next Level compare my Central Reno building to this data?
Yes. Run the free building checkup for a quick comparison, or send us your rent roll and T12 and we will go through it with you.