Construction continues on apartments near Stephanie Street and Interstate 215 in Henderson this month.
RentRange’s final quarterly report for 2016 showed that the average monthly rent for a three-bedroom home in the Las Vegas area bumped up to $1,286, representing a 6.1 percent increase over the same time the previous year. That elevated price still lags behind the national average, as nationally, the same-sized house costs $1,325 on average. That is a 2.4-percent increase over the same period in 2015. https://lasvegassun.com/news/2017/feb/21/southern-nevada-sees-increase-in-rental-rates/?_ga=1.145669172.1292562890.1490153411
Apartment rents rose as well, with 6 percent growth to $904 on average in January, according to a report from RENTCafe. The same report expects increased inventory to alleviate some pricing pressure on apartment rent in Las Vegas, with 3,400 units under construction. http://www.rosemarielv.net