What HUD offices serve Las Vegas, Nevada?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Nevada Public Housing and Low-Income Apartments Waiting Lists page for openings near Las Vegas.
How many renters live in Las Vegas, Nevada?
The City of Las Vegas has 656,302 people living in 243,223 households.
There are 261,771 renters living in 99,800 renter households in this City. Renters make up 39.89 percent of the population living in Las Vegas.
What is the rental market like in Las Vegas, Nevada?
There are an estimated 262,590 housing units in the Las Vegas area. Of these, 104,358 units are rental homes, making up 40 percent of the housing market. For every renter household in Las Vegas, Nevada, there are 1 rental units.
What is the vacancy rate for rentals in Las Vegas?
The rental vacancy rate in Las Vegas is 3 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Las Vegas for each bedroom size?
Occupied Rental Units by Size in Las Vegas
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 7,742 | 21,145 | 34,571 | 23,986 | 9,973 |
Occupied Rental Units by Size in Las Vegas
A large number of apartments in Las Vegas have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Las Vegas are overburdened by housing costs?
Among renter households in this market, 55 percent have housing cost burden. Further, 28 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Las Vegas
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,214 to $2,731. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,214 |
| One BR | $1,377 |
| Two BR | $1,643 |
| Three BR | $2,315 |
| Four BR | $2,731 |
2024 Fair Market Rents in Las Vegas, Nevada
How many units are rented at Fair Market Rent (FMR) in Las Vegas?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 5,153 | 67 percent |
| One BR | 14,094 | 67 percent |
| Two BR | 23,183 | 67 percent |
Rental Units Below FMR in Las Vegas, Nevada
How many affordable rental units are in Las Vegas?
There are a variety of federal affordable housing programs serving households in Las Vegas, Nevada including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 7,396 |
| Public Housing | 1,358 |
| Section 8 Project-Based Rental Assistance | 961 |
| Section 202 Supportive Housing for the Elderly | 123 |
| Section 811 Supportive Housing for Persons with Disabilities | 24 |
Tracked Units by Federal Program in Las Vegas, Nevada
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Las Vegas, Nevada
Las Vegas features 5,178 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Las Vegas, Nevada
There are 11,489 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Las Vegas.
Housing Choice Vouchers in Las Vegas, Nevada
On average, Section 8 Housing Choice vouchers pay Las Vegas landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Las Vegas.
The maximum amount a voucher would pay on behalf of a low-income tenant in Las Vegas, Nevada for a two-bedroom apartment is between $1,479 and $1,807.
Sourced from federal housing data and AffordableHousingOnline.com research.
