Rent Tracker
Rent Inflation in Reno, NV
The average asking rent in Reno, NV is $2,055/month as of 2026-08. That is +7.3% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$2,055/mo
as of 2026-08
Year-over-Year Change
+7.3%
24-Month Rent Trend
Monthly ZORI index values for Reno, NV.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $2,055 | +1.18% |
| 2026-07 | $2,031 | +1.04% |
| 2026-06 | $2,010 | +0.90% |
| 2026-05 | $1,992 | -0.90% |
| 2026-04 | $2,010 | +0.80% |
| 2026-03 | $1,994 | +0.91% |
| 2026-02 | $1,976 | +2.70% |
| 2026-01 | $1,924 | +0.47% |
| 2025-12 | $1,915 | +0.16% |
| 2025-11 | $1,912 | -0.16% |
| 2025-10 | $1,915 | -0.05% |
| 2025-09 | $1,916 | +0.05% |
| 2025-08 | $1,915 | +0.00% |
| 2025-07 | $1,915 | +1.06% |
| 2025-06 | $1,895 | +0.64% |
| 2025-05 | $1,883 | +0.64% |
| 2025-04 | $1,871 | +0.38% |
| 2025-03 | $1,864 | +0.98% |
| 2025-02 | $1,846 | +1.37% |
| 2025-01 | $1,821 | +0.11% |
| 2024-12 | $1,819 | -0.44% |
| 2024-11 | $1,827 | -0.81% |
| 2024-10 | $1,842 | -0.38% |
| 2024-09 | $1,849 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
Compare All Cities
Open Full Rent Tracker →Other Cities
Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices