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Fair Market Rent Prices in Reno-Sparks, NV :
$549 $697 $921 $1,357 $1,631
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Reno-Sparks are very low compared to the national average. This FMR area is less expensive than 100% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Reno-Sparks is $921 per month.

The previous year, rent for a two-bedroom home was $953 per month. This is a 3.36% decrease year-over-year.

This FMR rate applies to Gerlach, NV, Nixon, NV, Crystal Bay, NV, Wadsworth, NV, Virginia City, NV, Verdi, NV, Washoe Valley, NV, Incline Village, NV, Carson City, NV, Sun Valley, 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-Sparks, NV MSA spans two counties or cities in which ares listed in the table below. Estimated population of Reno-Sparks, NV MSA FMR area is 425,417 people based on latest Census data.

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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-Sparks. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Reno-Sparks

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 $ 586
1-BR 1-Bedroom $ 744
2-BR 2-Bedroom $ 983
3-BR 3-Bedroom $ 1449
4-BR 4-Bedroom $ 1741
Change Year:

The counties, cities, towns, and regions listed below fall into the Reno-Sparks, NV MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Reno.

County / Region Est. Population
Storey County, NV Metro 4,010
Washoe County, NV Metro 421,407
Zip Codes in Reno-Sparks, NV MSA

There are 39 unique zip codes in this Fair Market Rent (FMR) area:

89402, 89412, 89424, 89431, 89432, 89433, 89434, 89435, 89436, 89439, 89440, 89441, 89442, 89450, 89451, 89501, 89502, 89503, 89504, 89505, 89506, 89507, 89508, 89509, 89510, 89511, 89512, 89513, 89515, 89519, 89521, 89523, 89533, 89557, 89570, 89595, 89599, 89703 and 89704

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