Reno is the 81st largest multifamily market with 45,030 completed units and 8,671 units in development, 4,207 of which have already broken ground, as of September 2022.
Reno Multifamily Market Summary – September 2022
New lease asking rents are at $1,594, up 2.7%▲
from the previous year placing Reno at 117th
overall in year-over-year rent growth.
Reno Multifamily Market Summary – August 2022
New lease asking rents are at $1,606, up 4.2%▲
from the previous year placing Reno at 117th
overall in year-over-year rent growth.
Reno Multifamily Market Summary – July 2022
New lease asking rents are at $1,613, up 6.4%▲
from the previous year placing Reno at 116th
overall in year-over-year rent growth.
Reno Multifamily Market Summary – June 2022
New lease asking rents are at $1,597, up 7.5%▲
from the previous year placing Reno at 112th
overall in year-over-year rent growth.
Reno Multifamily Market Summary – May 2022
New lease asking rents are at $1,568, up 8.9%▲
from the previous year placing Reno at 103rd
overall in year-over-year rent growth.
Reno Multifamily Market Summary – April 2022
New lease asking rents are at $1,539, up 9.8%▲
from the previous year placing Reno at 92nd
overall in year-over-year rent growth.
Reno Multifamily Market Summary – March 2022
New lease asking rents are at $1,532, up 11.9%▲
from the previous year placing Reno at 67th
overall in year-over-year rent growth.
Reno Multifamily Market Summary – February 2022
New lease asking rents are at $1,526, up 12.8%▲
from the previous year placing Reno at 60th
overall in year-over-year rent growth.
Reno Multifamily Market Summary – January 2022
New lease asking rents are at $1,521, up 13.9%▲
from the previous year placing Reno at 46th
overall in year-over-year rent growth.
Reno Multifamily Market Summary – December 2021
New lease asking rents are at $1,501, up 12.4%▲
from the previous year placing Reno at 50th
overall in year-over-year rent growth.
