Are you planning on investing in Las Vegas Rental Properties and you’re searching for more information on the local rental market?

Las Vegas is a unique city, known for its vibrant nightlife, entertainment, and casinos. However, it is also a great place to live and work, and many people choose to rent an apartment or house here.

In this article, we will share my insider insights on the Las Vegas rental market trends, including the current state of the market, the impact of COVID-19 on rentals, the top areas for rental properties, the types of rental properties available and the best neighborhoods for apartments.

Current Trends in the Las Vegas Rental Market

The current trend in the Las Vegas rental market is that rents are going up, and the availability of rental properties is limited. The average rent for an apartment in Las Vegas is around $1,460 per month (May 2023), which is higher than the national average. However, this varies depending on the location, size, and type of property.

For example, a studio apartment in downtown Las Vegas can cost around $1,500 per month, while a three-bedroom house in the suburbs can cost up to $3,000 per month. The rental market in Las Vegas is highly competitive, and landlords are looking for tenants who have good credit, stable income, and a clean rental history.

Top Areas for Rental Properties in Las Vegas

The top areas for rental properties in Las Vegas include downtown Las Vegas, the Strip, Summerlin, and Henderson.

·      Downtown Las Vegas - A trendy area with many new apartment buildings and amenities such as restaurants, bars, and entertainment venues.

·      The Strip - An iconic area that attracts many tourists, and there are many rental properties available in the high-rise condominiums and apartments. Summerlin is a master-planned community located in the western part of the city, and it is known for its high-end properties and amenities.

·      Henderson – A suburb of Las Vegas that is popular with families and retirees, and there are many single-family homes and townhouses available for rent.

Types of Rental Properties Available in Las Vegas

There are many types of rental properties available in Las Vegas, including apartments, condos, townhouses, and single-family homes.

Apartments are the most common type of rental property, and there are many new apartment buildings that offer modern amenities such as swimming pools, gyms, and rooftop decks.

Condos are popular in the high-rise buildings on the Strip, and they offer luxury living with amazing views of the city. Townhouses are a good option for families, and they offer more space and privacy than apartments. Single-family homes are ideal for those who want more space and a yard, and they are available in many different neighborhoods throughout Las Vegas.

Contact GoldenWest Management

If you’re ready to invest in a Las Vegas rental property, but you don’t want to manage that rental yourself, we can help!

Our team will save you the time, money, and hassle of managing your rental property yourself, so you can enjoy the passive income that comes from owning rental properties.

To learn more about the property management services we can offer you, contact us today by calling (866) 545-5303 or click here to connect with us online.