07-05-2025
Rental prices highest in Paradise, Henderson, Spring Valley
LAS VEGAS (KLAS) — A report on rental prices in the Las Vegas valley shows prices climbing fastest where they are already the highest.
Rents in Paradise, which includes the Las Vegas Strip and extends south to Silverado Ranch, jumped by more than 26%, according to a monthly report produced by Zumper. The report looks at median rent prices across the market, including apartments and rental homes.
Median rental prices were listed for Las Vegas, Henderson and North Las Vegas, along with the townships of Paradise, Spring Valley and Winchester:
The median rent for a one-bedroom in Paradise soared to $2,000, an increase of 26%. And while rentals were the lowest in North Las Vegas ($1,060), they were up 17.8%, the second-highest increase in the valley. The median price is the one in the middle — half are higher and half are lower.
In between the highest and lowest were Henderson ($1,530), Spring Valley ($1,350), Winchester ($1,290) and Las Vegas ($1,230). The median price across the state was $1,300, according to Zumper.
Las Vegas home prices drop from record highs; more homes for sale
Spring Valley saw the biggest drop in rental prices — down 4.9%.
The Zumper National Rent Index decreased to $1,517, showing a 0.5% monthly decline in median one-bedroom rent prices in April. Two-bedroom rentals dropped 0.2% to $1,901. Zumper noted it was the third consecutive month of flat or declining prices.
Zumper calculates its median rent prices using their own listings, third-party Multiple Listings Service (MLS) listings and prices for new construction housing. The prices exclude occupied or otherwise unavailable rentals.
Zumper's website allows prospective renters to select the area they are interested in, the size of the rental, whether it's an apartment or a house, and even whether pets are allowed. Renters can also filter by price.
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