Local News


Las Vegas residents paying much more for rentals than they did 2 years ago

Posted at 11:14 PM, May 15, 2018
and last updated 2018-05-16 08:43:10-04

The soaring prices for homes around the Las Vegas valley is also having an effect on rental prices for apartments and homes. 

Some residents tell 13 Action News they are paying nearly as much today for a two-bedroom apartment as they were for a four-bedroom home a couple years ago.

"We wanted to get back to our house, but now it is $1,500, $1,600, $1,700.  It's ridiculous," a woman told 13 Action News.

Others said they have had to get roommates to make up for the increasing costs.

We went looking to see how much renters get for their money in different parts of town.

Zillow shows the best price for a three-bedroom home in the Las Vegas area was in the Sunrise Manor area (89110) at $1,050 a month.  That gets you 1,000 square feet.

A similar home, in the North Las Vegas area (89030), was listed at $1,100 a month.  That home was 1,056 square feet.

A 1,400 square foot home in the northwest valley (89134) was on the market for $1,395 a month.

In the Green Valley area of Henderson (89074) the three-bedroom 1,200 square-foot home is going for $1,325 a month.

One thing for renters to be aware of as rent continues to rise, is there are no state laws in place limiting rent increases in most cases.

There are how some protections in place for those living in government housing.