West Coast Rentals – Learn More about the Nevada Rental Market

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LAS VEGAS, NV – There’s no denying that property owners have had a lot of great opportunities to buy rental properties over the last two years, especially in Nevada, where prices for single-family homes, town homes, condos, and apartments have continued to stay low compared to other West Coast Rentals while demand for rental properties has remained high.

What are properties renting for in Nevada right now? Last month in Las Vegas Nevada the average rent for a one-bedroom apartment was $779 per month while the average rent for a two-bedroom apartment was $943 per month.

Rental Market Trends

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This year we’ve seen the average rent for a typical one bedroom apartment increase by $20 per month while the average rent for a two-bedroom apartment rose by $37 per month.

Many economists and property management professionals agree that the demand for rentals across Nevada, especially in Las Vegas, is only going to continue increasing through 2017 especially in construction and tourism plus other private industries like mining and financial services are also hiring too.

Rental Market Opportunity in Nevada

It doesn’t matter if you plan on buying a rental property in The Lakes, Summerlin North, Downtown, Pioneer Park or elsewhere across Nevada, there are still plenty of great opportunities left to find the perfect rental property especially if you’re looking for a single family home, condo, town home or apartment.

Learn More

To learn more about the Nevada rental market, or to speak with us about our property management services, contact Goldenwest Management today by calling us at (702) 685-7696 or click here.