Logo Reno Fair Market Rent FY 2021 Reno, NV MSA Rental Data

Fair Market Rent Prices in Reno, NV :
$803 $964 $1,217 $1,742 $2,107
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Reno are very high compared to the national average. This FMR area is more expensive than 95% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Reno is $1,217 per month.

The previous year, rent for a two-bedroom home was $1,071 per month. This is a 13.63% increase year-over-year.

This FMR rate applies to Virginia City, NV, Sparks, NV, Reno, NV and other cities within the region. The Metro Code or CBSA code for this region is METRO39900M39900.

Additionally, This Fair Market Rent (FMR) area Reno, NV MSA spans one county or city in Nevada which is listed in the table below. Estimated population of Reno, NV MSA FMR area is 3,890 people based on latest Census data.

Compared to the rest of Nevada, the Reno FMR area is more expensive than 100% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Reno. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Reno

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 856
1-BR 1-Bedroom $ 1028
2-BR 2-Bedroom $ 1298
3-BR 3-Bedroom $ 1858
4-BR 4-Bedroom $ 2247
Change Year:

There is just one county (listed below) within the Reno, NV MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Reno.

County / Region Est. Population
Reno, NV Metro 3,890
Zip Codes in Reno, NV MSA

There are 4 unique zip codes in this Fair Market Rent (FMR) area:

89434, 89440, 89508 and 89521

Lookup Fair Market Rent by Zip Code