Are Las Vegas Apartment Rents Starting to Cool?

GoldenWest Management


November 18, 2022

Scroll down arrow

Thanks to recent data, we know that Las Vegas apartment rents are now finally starting to cool after increasing by more than 20 percent in 2021.


Yes, monthly rents are still about $50 more expensive than they were a year ago, but they are expected to continue decreasing as vacancies climb, and the housing market cools.


Good News for Renters


Obviously, lower rents are good news considering that most renters have been struggling in recent years with rent increases, but the big question is how long will rents in Las Vegas continue to cool?


Most economists feel that rents are going to continue sliding through the end of this year since the average vacancy rate increased 3.6 percent in the third quarter alone and the cooling is expected to continue into 2023.


Slower Growth Projected for The Coming Year


The Las Vegas rental market continues to offer ample opportunity for investors, especially as homeowners are slashing prices on their properties, eager to sell before the cooling housing market reaches epic levels.


The good news is that the Las Vegas jobs market continues to remain strong and when you combine the lure of a good job, low cost of living, and affordable home, we may see more people relocating to the Las Vegas area in the coming year to rent or buy.


Rental Affordability is Still a Problem for Most


Despite the good news that rents are cooling across Southern Nevada, the reality is that they still are too high for many people, including senior citizens, who often must go without cable or internet just to pay rent.


One bright side of the housing crisis is that unless the Federal Reserve changes its approach to interest rates, we can expect to see more homes for rent in Nevada next year.


The current housing market conditions are very similar to the great recession of 2008 and it’s likely that most homeowners will want to rent out their properties rather than let them sit vacant while they wait for the housing market to rebound.


Contact Us


If you’ve been thinking of renting out your vacant Las Vegas home, GoldenWest Management can help!


Our team has decades of combined property management experience in Nevada, and you can count on us to rent your property for top dollar.


To get a property management quote, contact us today by calling (866) 545-5303 or clicking here to connect with us online.

Hello, I'm
GoldenWest Management
Connect With Me
GoldenWest Management

Your Neighborhood Property Managers

Rent It Like You Mean It

Contact GoldenWestContact GoldenWest
GoldenWest Management
(866) 545-5303
8560 S. Eastern Ave. #110
Las Vegas, NV 89123
Rent It Like You Mean It
Let's Work Together
Complete the form below and we will reach out right away!
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your Information Has Been Received
Thank you for your message. We appreciate your patience and look forward to connecting with you! We will be in touch shortly.
x out
This Website Is Not Authorized
Login or contact us to unlock your website at
Login To Unlock