What Millennials Can Expect To Pay in Rent in These 4 Nevada Cities

Ellie Diamond
·4 min read

Millennials are flocking to Nevada, and they’re not the only ones. A recent study placed the state sixth for the highest number of newcomers nationwide, with 14 newcomers for every 1,000 residents. Millennials are leading the charge, with many looking for a more affordable cost of living.

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Nevada’s affordability is a key selling point, especially for millennials from neighboring California. There’s no state income tax, and rents are reasonable, especially given the work and leisure opportunities in these four areas.

Whether you’re a Nevada newcomer or have lived there for years, here are four cities in Nevada to consider for your next home.

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Las Vegas

  • Population: 644,835

  • Livability: 82

  • Household median income: $66,356

  • Overall average monthly rent: $1,399

  • Average one-bedroom rent: $1,100

  • Average two-bedroom rent: $1,334

Las Vegas residents have easy access to world-class dining, shopping, sightseeing and music, and many venues offer discounts specifically to attract locals. With the city now catering to a younger visitor base, it’s a great time to explore and meet people.

For outdoor-adventuring millennials, Las Vegas is surprisingly close to multiple state parks and conservation land. Enjoy scenic desert hikes or get out of the desert for water sports at Lake Las Vegas or Black Canyon. And there’s the city’s famous hot springs.

Of course, living in Vegas isn’t all concerts and hiking adventures. You still have to pay the (fairly affordable) rent. Fortunately, Las Vegas offers employment opportunities in many lucrative fields, including software development, engineering, business management and healthcare.

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North Las Vegas

  • Population: 264,022

  • Livability: 76

  • Household median income: $71,774

  • Overall average monthly rent: $1,484

  • Average one-bedroom rent: $1,047

  • Average two-bedroom rent: $1,275

If you want more distance from the hustle and bustle of downtown Vegas, nearby North Las Vegas is worth a look. It has a more suburban feel while still being within commuting distance from the city.

North Las Vegas residents have plenty of open spaces to explore. The city has 31 parks, recreation areas and the 170-acre Craig Ranch Regional Park. Millennial pet parents take note: The Craig Ranch park offers daily dog park hours from 6 a.m. to 11 p.m.

Millennials looking to build a diverse community will find just what they want here. More than 60% of North Las Vegas residents come from various diverse backgrounds, and close to 40% speak languages other than English. The city views diversity as its strength, recently launching a diversity, equity and inclusion (DEI) initiative to help its government align with its people.

You’ll have plenty of chances to meet your neighbors, with various community and cultural events for all. Join a book club, attend a cultural festival, or make new friends at a social mixer.

Reno

  • Population: 265,196

  • Livability: 81

  • Household median income: $73,073

  • Overall average monthly rent: $1,253

  • Average one-bedroom rent: $1,036

  • Average two-bedroom rent: $1,296

Reno is the most affordable city on our list by a slight margin, and it offers plenty to do and discover. Look no further for a thriving local scene than the Riverwalk, a district full of uniquely Reno shops and homegrown art installations. Every third Saturday is “Rush the River”, where the streets come alive with live shows, art showcases and local vendors.

Reno is a craft beer and spirits lover’s paradise, with plenty of local breweries and distilleries. Head beyond the city limits for even more world-class distilling and the famous Lake Tahoe, a four-season outdoor destination. Visitors have to pick their season, but as a resident, you’ll get it all: swimming, boating, skiing, fall leaf-peeping and much more.

Reno is also one of the best options on our list for current and future parents. The city has multiple top-ranked public schools, including three of the top 10 public high schools in Nevada. Plus, the city and environs are full of family-friendly activities.

Henderson

  • Population: 318,063

  • Livability: 74

  • Household median income: $85,311

  • Overall average monthly rent: $1,686

  • Average one-bedroom rent: $1,373

  • Average two-bedroom rent: $1,625

Henderson is a great fit for millennials looking for more of a suburban vibe while still being close to city resources. It ranked number two on Niche’s Best Suburbs to Live in the Las Vegas area, with great schools and job opportunities. Predicted job growth over the next five years is 42.94%, compared to the national growth rate of 30.54%, making this a promising place to take your next steps.

Outside of work, you’ll find plenty of opportunities to connect with other young, active people. The city sponsors multiple adult and youth sports leagues, from softball to roller hockey. There are always cultural and community events to look forward to, plus 73 local parks to meet your neighbors and enjoy the weather.

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