Las Vegas area - Clark County
Search for rentals in the Las Vegas area, including these towns:
Arden, Baker, Boulder City, Calico Basin, Calico Ridge, Callville Bay, College Park, Corn Creek, Cottonwood Cove, Crystal, East Las Vegas, Echo Bay, Enterprise, Goodsprings, Green Valley, Henderson, Indian Springs, Jean, Johnnie, Las Vegas, Mount Charleston, Mountain Edge, Mountain Springs, Nelson, North Hollywood, North Las Vegas, Overton, Overton Beach, Pahrump, Searchlight, Sloan, Spring Valley, Stewarts Point, Sunrise Manor, Valley Of Fire, Willow Beach, Winchester, in NV.
Average Rental Prices for Las Vegas:
|Single family home||1 Bedroom||$1,398|
|Single family home||2 Bedroom||$1,110|
|Single family home||3 Bedroom||$1,256|
|Single family home||4 Bedroom||$1,762|
|Single family home||5+ Bedroom||$3,040|
Las Vegas Renting Information:
While the economy is slowly improving Las Vegas is still a renter's market, rental prices for houses in Vegas have not increased at all yet. If you have a 2,000 sq.ft. house that was purchased for $350,000, the $1,265 per month rent will not cover your mortgage.
Some Las Vegas house rentals that are listed for $1,195 are being negotiated down to $1,150. Also people with very good credit scores with like $200k in assets can be in a good position to negotiate a rental price down because they are considered a good renter.
According to REIS the vacancy rate for apartments is 4.2% (which is low) down from 4.9%. As the inventory for apartments is decreasing the rent of apartments goes up - which seems to be the opposite for rental homes.
The Vegas economy is strong, unemployment is very low, 7,000 new residents move in each month, however the housing market is down. With incomes flat and housing more expensive, the housing market is declining in order to get in sync with people's salaries. The higher home prices and higher interest rates has caused many investors to leave the housing market.
There are some places in Vegas that rent faster than others. For example Silverado Ranch which is a master-planned community southeast of Vegas rents faster because it is located between two highways and not too far from the airport. Also Green Valley and Summerland are hot areas for renting.
On the flip side, places like Silverstone (northwest of Vegas) doesn't rent as fast because Silverstone is too far out. People that search for homes for rent in Las Vegas look at a map when deciding and places such as this are considered too far out.
If you draw a circle 4 to 5 miles around the strip you find older housing, 7 to 9 miles out the housing becomes much newer.
Many of the property management companies in Vegas see a lot of architect / engineer renters because of the constant construction along the strip.
Many people visit Vegas to become someone different. If you live in Las Vegas does that still apply? Maybe so in a place where bars and stores stay open 24 hours a day.
Many advantages come from living in Vegas: cheap airfare, great dining, world class art, fantastic shows right in your backyard. Lets face it, just about everyone will visit Las Vegas of a conference or for fun, so you don't have to go anywhere to see your friends and family - they will come to you.
With Lake Mead and the near by mountains you have a couple of ways to beat the heat in the summer.
Some 36 million people visit Vegas each year. And most do not rent a car. The last time I tried to get a taxi from the airport to my hotel took about 45 minutes in a long line that seemed to go on forever. When we asked the cab drivers what they thought of the monorail they all seem to laugh saying it was a big waste of money. In a way I would have to agree with them when it costs $5 a ride no matter where you are coming from. But on the flip side we found the monorail a nice safe experience. Makes me wonder why they didn't extend the monorail out to the airport? If they would extend it to the airport that would really help those long lines at the terminal.
Places to rent: Aliante, Sunrise Manor, Anthem Highlands, Dragonridge, Mountains Edge, Silverado, Summerlin area, Fort Apache/Sahara, Providence, Rhodes Ranch, Nellis AFB, Summerlin, UNLV, Rhodes Ranch, Southern Highlands, Nevada Trails, St. Rose, MacDonald Highland, Seven Hills, Solera, Desert Shores, Silverstone Ranch, Lakes area, Vistana.