Low Income Apartments and Affordable Housing For Rent in Las Vegas, NV (2024)

What HUD offices serve Las Vegas, Nevada?

Public Housing Agencies operate federally assisted affordable housing programs atlocal levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within theirjurisdiction.

Go to theNevadaPublic 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 656,302people living in 243,223 households.

There are 261,771 renters living in99,800 renter households in thisCity. Renters make up 39.89percent 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 theLas Vegas area. Of these, 104,358 units are rentalhomes, making up 40 percent of the housing market. Forevery renter household in Las Vegas, Nevada, there are1 rental units.

What is the vacancy rate for rentals in Las Vegas?

The rental vacancy rate in Las Vegas is 3 percent.This is alower than averagevacancy rate.When rental vacancy rates are low there are fewer available units. Rents tend to be higher as morepeoplecompete for scarce housing.

How many rental units are in Las Vegas for each bedroom size?

A large number of apartments in Las Vegas have two or fewer bedrooms. Seniors and youngprofessionalsespecially 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, 55percent havehousing cost burden. Further, 28percent of households are extremely rent overburdened. When renters pay too much for their housing, itleaveslittle money for other necessities like food, clothes, or medicine.

The federal government says that renters arecost-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 - rangesfrom $1,214 to $2,731. FMRs areupdated annually by HUD for every city and county nationwide.

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 FairMarket Rent. Markets with a large share of units above FMR tend to have longer search times to find aqualified unit, while those with a large share of units below FMR tend to have more choices and shortersearch 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:

How many affordable rental units are in Las Vegas?

There are a variety of federal affordable housing programs serving households inLas Vegas, Nevada including the following:

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 andutilities.

Low Rent Apartments in Las Vegas, Nevada

There are 11,489 rent subsidized apartments that do notprovide 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 holdercontributes $400 towards rent inLas Vegas.

The maximum amount a voucher would pay on behalf of a low-income tenant in Las Vegas, Nevada fora two-bedroom apartment is between $1,479 and $1,807.

Sourced from federal housing data and AffordableHousingOnline.comresearch.