Reno, Nevada
Next Level Property Management is a Reno company that runs apartments, markets them and leases them. Our office is at 5470 Kietzke Ln, and the work we do in Midtown, Downtown and Central Reno is the reason owners call us.
The market
According to ALN Apartment Data (September 2026), conventional Reno properties were 94.1% occupied with an average effective rent of $1,800 and an asking rent of $1,824. About 16% of properties were offering concessions, and 1,064 units were absorbed over the year.
Those are market-wide numbers. Reno is a set of submarkets that behave differently: Sparks and West Reno run tight, the North Valleys run loose, and Downtown rents sit well below the rest. An owner who prices and markets to the average leaves money on the table or sits vacant, so we work from the submarket and the block.
Concessions are where a management company shows what it can do. In a market where roughly one property in six is discounting to fill units, we have held rents and leased without concessions.
Reno by the numbers
ALN Apartment Data · September 2026
Central Reno/Airport
93.4%
occupancy
$1,856
effective rent +4.3%
Downtown Reno
89.8%
occupancy
$1,397
effective rent +3.7%
West Reno
96.1%
occupancy
$1,903
effective rent +6.6%
North Valleys
85.1%
occupancy
$1,745
effective rent +2.3%
Latest reading: July 2026
Reno effective rent since Jan 2023
Managing in Reno
Midtown, Downtown, Central and South Reno attract different residents and price differently. We know which streets lease on walkability, which lease on parking and which lease on price, and we set strategy to match.
When neighbors discount, owners are tempted to follow. We counter with marketing that raises demand, accurate pricing and a real leasing process, so units fill at rent instead of at a giveaway.
Much of Reno's central housing is older. We plan renovations around what lifts rent and cuts turn time, and we manage the building while the work happens.
Many Reno buildings are owned from elsewhere. You get clear owner reports, one accountable team on the ground and a local office to visit.
Notices, fair housing, evictions and county assessments all have local requirements. We run them correctly so a missed deadline never becomes your problem.
Our communities here
Now leasing320 Grand Canyon
Apartment community
Now leasingGrand Canyon Mews
Townhome community
Managed by Next Level217 E Taylor
Apartment building
RenovatingHarvard Gardens
Apartment community
RenovatingPark Sierra
Apartment community
RenovatingManhattan Villas
Apartment community
Managed by Next Level541/543 Sinclair
Apartment building
Overseen by Next LevelThe Riverboat
Closed property
Neighborhoods
Own property in Reno?
Tell us about the building. We will show you how it compares to the market and what we would change first.
Questions
Insights
A plain-spoken guide for apartment owners: what a good manager looks like, the red flags that cost you money, and how to compare proposals so the cheapest bid doesn't win by default.
Occupancy recovered and rents grew in 2025, but the concession numbers don't tell the whole story. Here is how each Reno submarket did and where 2026 could land.
Unhappy with your manager but dreading the change? Here are the real warning signs, what your agreement says about leaving, and a checklist for moving accounts, deposits and records cleanly.
