Submarket data · through September 2026
Downtown Reno apartment market data
Downtown Reno apartments were 89.8% occupied with an average effective rent of $1,397 in the latest readings, through September 2026.
That rent is $403 below the Reno market average of $1,800.
Effective rent went from $1,263 in January 2024 to $1,397 in September 2026.
Occupancy
89.8%
Reno overall 94.1%
Effective rent
$1,397
Reno overall $1,800
Occupancy vs Reno
-4.3 pts
Latest readings
Rent vs Reno
-$403
Per month
The trend
How Downtown Reno has moved
Effective rent
$1,263 in January 2024 to $1,397 in September 2026
Occupancy
76.9% in January 2024 to 89.8% in July 2026
| Report | Occupancy | Effective rent |
|---|---|---|
| September 2026 | n/a | $1,397 |
| August 2026 | n/a | $1,398 |
| July 2026 | 89.8% | n/a |
| June 2026 | 92.0% | $1,413 |
| May 2026 | 92.9% | $1,424 |
| April 2026 | 93.2% | $1,411 |
| March 2026 | 92.5% | $1,415 |
| February 2026 | 94.4% | $1,406 |
| January 2026 | 92.3% | $1,411 |
| December 2025 | 91.8% | $1,411 |
| October 2025 | 78.3% | n/a |
| August 2025 | 73.4% | n/a |
Source: ALN Apartment Data. The last 12 reports that list Downtown Reno; n/a means that figure was not in the report. Analysis by Next Level Property Management.
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