Last updated July 11, 2026

Average Rent in Riverwalk District & Rent Trends

Rent prices and market trends across 3 apartment communities in Riverwalk District, Reno, NV. Updated daily.

Area All Areas Riverwalk District West University

Reno 89509 89511 89512

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed 4 Bed

Market Average

$1,834/mo

Lowest Available

$1,195/mo

cheapest unit on market

Communities

tracked daily

Units Listed

available now

Price Cuts This Week in Riverwalk District

7 listed units across 1 building in Riverwalk District dropped their asking rent in the past 7 days, an average cut of $138/mo. These are the largest cuts, tracked unit by unit with daily price checks.

Apartment	Unit	Last Week	Now	Cut
3rd Street Flats	Unit 214, 1x1	$2,196	$2,052	$144
3rd Street Flats	Unit 202, 1x1	$2,190	$2,047	$143
3rd Street Flats	Unit 502, 1x1	$2,098	$1,955	$143
3rd Street Flats	Unit 507, Junior 1x1	$1,843	$1,700	$143
3rd Street Flats	Unit 509, Junior 1x1	$1,959	$1,816	$143
3rd Street Flats	Unit 416, Junior 1x1	$1,833	$1,694	$139
3rd Street Flats	Unit 516, Junior 1x1	$1,831	$1,718	$113

See today's prices on all 16 listed units

Riverwalk District vs Reno, NV Average

Riverwalk District is more expensive the Reno, NV average by $100/mo (6%). The citywide average is $1,734/mo across all neighborhoods.

Is Rent Going Up or Down in Riverwalk District?

As of July 2026, the average rent in Riverwalk District is $1,834 per month across 3 apartment communities and 16 available units.

The most affordable option is Gorelick Real Estate Advisors starting at $1,195/mo. By unit type, a studio averages $1,538/mo, a 1-bedroom averages $1,774/mo, a 2-bedroom averages $2,407/mo.

Prices range from $1,195 to $2,931 per month. The most common price point is the $1,800 range, where 6 units are currently listed.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Riverwalk District

Studio

$1,538

from $1,195 · 4 units

1 Bed

$1,774

from $1,325 · 9 units

2 Bed

$2,407

from $1,895 · 3 units

Rent Prices by Apartment in Riverwalk District

Property	Starting at	Average	Units	Rating
Gorelick Real Estate Advisors	$1,195/mo	$1,506/mo	7	4
3rd Street Flats	$1,718/mo	$2,050/mo	8	4.7
Marmot Properties	$2,395/mo	$2,395/mo	1	4.9

Frequently Asked Questions About Rent in Riverwalk District

What is the average rent in Riverwalk District?

The average rent in Riverwalk District is $1,834 per month as of July 2026, based on 16 units across 3 apartment communities.

Is rent going up or down in Riverwalk District?

The current average rent in Riverwalk District is $1,834/mo, refreshed daily to track rent trends.

What is the cheapest apartment in Riverwalk District?

The most affordable apartment in Riverwalk District is Gorelick Real Estate Advisors with units starting at $1,195/mo.

How much is a 1-bedroom apartment in Riverwalk District?

A 1-bedroom apartment in Riverwalk District averages $1,774/mo, with prices starting at $1,325/mo across 9 available units.

How many apartments are available in Riverwalk District?

There are 16 units available across 3 apartment communities in Riverwalk District.

What salary do I need to live comfortably in Riverwalk District?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$73,000/year

Based on the 30 percent rule, using our tracked average rent of $1,834/mo.

Comfortable income

$88,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($1,195/mo), you need to earn at least $48,000/year.

Median household income in Riverwalk District is $78,448 , about 11% below the comfortable-living threshold.

Cost of living in Riverwalk District

Overall prices in Riverwalk District runs below the national average by about 2% (BEA Regional Price Parity index 98.0, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Riverwalk District's regional price parities.

Category	Monthly estimate	Source
Rent (market average)	$1,834	daily refresh
Utilities	$498	BLS × BEA RPP
Groceries	$523	BLS × BEA RPP
Transportation	$1,188	BLS × BEA RPP
Healthcare	$579	BLS × BEA RPP
Other goods and services	$927	BLS × BEA RPP
Estimated total	$5,549/mo	$66,592/year

Population

268,959

Median household income

$78,448

Census median rent

$1,453/mo

Rent as % of income

30.5%

Median age

37.3

Mean commute

21 min

Methodology

Rent data

Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.

Cost of living

Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.

Salary to live comfortably

Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.

Demographic figures

Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.

Cost of living and demographic figures were last published in 2023.

Nevada Rent Trends

Compare rent across all Nevada cities

Reno, NV Neighborhood Rent Map

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Explore Reno, NV on Map

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US-wide rent comparison

See how Reno, NV rents stack up against the national median