No Fee Houses for Rent in Las Vegas, NV - 939 Rental Homes | Zumper (2024)

FAQs

Do you need good credit to rent a house in Las Vegas? ›

Credit score of 650 or above, gross household income must be 3X the monthly rent or greater. Positive and verifiable rental history with no late payments, no returned payments, or notices of default/nonpayment of rent. No open bankruptcies or judgements.

As expected, starter homes in Las Vegas are much more affordable than the average home (all price brackets combined; see methodology for details). In order to afford any median-priced home in the area, you'll need to make $113,186 (as of October 2023).

From August 2022 to July 2023, rents dropped around 8.5 percent in Las Vegas and 3.6 percent in Reno, while rents nationally dropped 1 percent in the calendar year 2023. Despite rental prices stabilizing or dropping, they remain stubbornly high for many Nevadans.

This surge was driven by a combination of factors, including low interest rates, increased demand for larger living spaces due to remote work, and supply chain issues affecting construction. However, economic principles suggest that these inflated prices are not sustainable in the long term.

You'll want to shoot for having a good credit score — generally in the range of 570-739 — to get an apartment. While you may be able to still get an apartment if you don't have solid credit, it will make it more challenging with the competition you're likely to face.

Wealthier, more competitive areas will require a higher minimum score, as will new or luxury buildings. However, a good rule of thumb is that most landlords look for a credit score of at least 600. Anything under 600 is considered bad credit, but don't worry – there are many ways to get around bad credit.

According to a recent study by SmartAsset, a single adult in Las Vegas needs to make more than $94,000 a year to have a comfortable lifestyle. That's an hourly wage of $45.40. For families, consisting of two working adults and two children, the combined income needed to live comfortably soars to $239,366 annually.

USDA Home Loans

With a mortgage loan through the Department of Agriculture, buyers can skip down payments altogether. USDA loans are offered as a financial incentive to revitalize America's rural areas. They are ideal for low-income buyers in rural areas seeking low interest rates.

What is the average rent in Las Vegas, NV? As of August 2024, the average rent in Las Vegas, NV is $1,253 per month. This is 18% lower than the national average rent of $1,536/month, making renting in Las Vegas more affordable than most cities in the US.

However, Nevada has no rent stabilization or rent control laws. This enables landlords to set rent and increase it across the state, given that they provide proper notice. On the other hand, the landlord can increase the rent with certain discretions, as much as they wish, and whenever they want.

Is Las Vegas rent controlled? ›

Nevada is one of the few states that does not have any form of statewide rent control laws. This makes it unique compared to other states, especially coastal cities and states that have strong tenant protections and limits on how much landlords can raise rents each year.

The Canyons. With a median home price of $2,197,881 and a median rent of $1,658, The Canyons is the most expensive neighborhood on our list. Based on the growth in home prices in The Canyons over the last 3 years, it ranks No. 1 among all the neighborhoods in Las Vegas.

Aside from the plenty of entertainment options, the city is also home to a variety of vibrant suburban communities and beautiful nature. There also isn't any state income tax, and the cost of Las Vegas living is lower than other major U.S. cities.

In summary, a reasonably priced Las Vegas trip cost for two adults, would be just under $1,000 per person. This includes flights, accommodation, transportation, food, and entertainment. Keep in mind that this is just an estimate and the cost can vary depending on the options you include.

If you have poor credit, bankruptcy, charge off's or repossessions, it's OK! We will still extend you credit and rent you an apartment. Your monthly rent payments will be reported to the 3 major credit bureaus (Experian, Equifax, Transunion). As you pay your rent on time, your credit score will gradually improve.

Applicant(s) monthly gross income must be at least 3x's the monthly rent and verified by supplying the three (3) most recent pay stubs or tax returns.

1. You need to have the money to pay for the room. You pay at check-in (up front). Credit card is preferred, but you can pay cash (often need to put down a $250.00 deposit if you want to pay cash).

Property Owner Must Obtain a Business License From the City of Las Vegas Business License Division. All Las Vegas landlords who rent properties must obtain a business license. Licensing must be renewed every year, and failure to do so can result in fines or other penalties.