Department of Numbers

Clark County Nevada Residential Rent and Rental Statistics

The median monthly gross residential rent in Clark County NV was $1,187 in 2019 according to the Census ACS survey.1 Average gross rent in Clark County was $1,210 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Clark County median and average rent data will be released in September of 2021.

Data is also available below for Clark County rental vacancy rates, Clark County rent as a percent of median income and the fraction of renters in Clark County.

Show dollars as: Nominal Real

Real Gross Rent in Clark County Nevada (2019 dollars)2

2019 1 Year Change 3 Year Change
US Median Gross Rent $1,097 +1.86% +6.82%
Nevada Median Gross Rent $1,168 +3.55% +11.24%
Clark County NV Median Gross Rent $1,187 +3.22% +9.91%

Clark County NV Real Gross Rent Trends

Median gross rent for Clark County peaked in real terms in 2008 at $1,242 and is now $55 (4.43%) lower. From a recent low of 1031.0 in 2013, real median gross rent has now increased by $156 (15.13%). Average gross rent for Clark County peaked in real terms in 2008 at $1,276 and is now $66 (5.17%) lower. From a recent low of 1079.0 in 2013, real average gross rent has now increased by $131 (12.14%).

Real Gross Rent: Clark County NV Median, Clark County NV Average, Nevada Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Clark County

Date US
Median
Nevada
Median
Clark County NV
Median
Clark County NV
Average
2019 $1,097 $1,168 $1,187 $1,210
2018 $1,077 $1,128 $1,150 $1,170
2017 $1,043 $1,084 $1,113 $1,139
2016 $1,027 $1,050 $1,080 $1,112
2015 $1,017 $1,040 $1,068 $1,118
2014 $986 $1,008 $1,036 $1,088
2013 $953 $1,003 $1,031 $1,079
2012 $940 $1,004 $1,036 $1,080
2011 $941 $1,011 $1,034 $1,095
2010 $955 $1,064 $1,102 $1,154
2009 $960 $1,132 $1,178 $1,223

more history ...

Clark County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Clark County Nevada was 8.85% according to Census ACS data.

Rental Vacancy Rate in Clark County Nevada

2019 1 Year Change 3 Year Change
US 5.97% -0.18% +0.08%
Nevada 7.58% -1.11% -0.38%
Clark County NV 8.85% -1.02% -0.03%

Trends in Clark County NV Rental Vacancy Rate

The rental vacancy rate in Clark County peaked in 2011 at 12.61%. Since then it has fallen by 3.76% to 8.85%. Data records for this series originated in 2005.

Rental Vacancy Rate: Clark County NV, Nevada, US

Rental vacancy rate in Nevada

Historical Rental Vacancy Rate data for Clark County

Date US Nevada Clark County NV
2019 5.97% 7.58% 8.85%
2018 6.15% 8.69% 9.87%
2017 6.18% 6.90% 7.36%
2016 5.89% 7.96% 8.88%
2015 5.85% 8.47% 9.48%
2014 6.32% 8.38% 8.86%
2013 6.49% 10.51% 11.34%
2012 6.77% 10.96% 11.67%
2011 7.40% 11.73% 12.61%
2010 8.17% 10.71% 11.65%
2009 8.43% 12.58% 12.15%

more history ...

Rent as a Fraction of Income

Using median household income data for Clark County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Clark County, median monthly gross rent as a fraction of median household income was 22.93% in 2019 according to the ACS.

Clark County Nevada Median Annual Rent as a Fraction of Median Household Income

2019 1 Year Change 3 Year Change
US 20.03% -0.47% -0.40%
Nevada 22.15% -0.52% +0.34%
Clark County NV 22.93% -0.82% +0.19%

Trends in Clark County NV Rent as a Fraction of Income

The fraction of median Clark County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 23.82%. Since then it has fallen by 0.88% to 22.93%.

Fraction of Income towards Rent: Clark County NV, Nevada, US

Percent of median household income going towards median monthly gross rent in Clark County Nevada

Historical Data for Annual Rent as a Fraction of Income in Clark County Nevada

Date US Nevada Clark County NV
2019 20.03% 22.15% 22.93%
2018 20.50% 22.67% 23.76%
2017 20.13% 21.74% 22.64%
2016 20.43% 21.81% 22.75%
2015 20.63% 22.43% 23.44%
2014 20.89% 22.27% 22.99%
2013 20.78% 22.30% 23.01%
2012 20.65% 22.77% 23.59%
2011 20.70% 22.96% 23.82%
2010 20.50% 22.40% 23.00%
2009 20.12% 22.34% 23.19%

more history ...

Renter Fraction in Clark County Nevada

You can calculate the renter fraction in Clark County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Clark County as a fraction of total Clark County households. In 2019 45.75% of households were renters according to Census ACS data.

Clark County Fraction of Renters by Household Units

2019 1 Year Change 3 Year Change
US 35.89% -0.16% -0.99%
Nevada 43.38% +0.16% -1.77%
Clark County NV 45.75% -0.05% -1.93%

Trends in the Clark County NV Renter Fraction

The Clark County household renter fraction peaked in in 2014 at 49.69% and is now 3.94% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Clark County NV, Nevada, US

Fraction of renters in Clark County

History of Clark County Renter Fraction

Date US Nevada Clark County NV
2019 35.89% 43.38% 45.75%
2018 36.05% 43.22% 45.80%
2017 36.13% 43.42% 45.81%
2016 36.88% 45.15% 47.68%
2015 36.97% 45.98% 48.42%
2014 36.90% 46.36% 49.69%
2013 36.50% 45.69% 48.09%
2012 36.09% 45.13% 47.46%
2011 35.42% 43.71% 46.40%
2010 34.65% 42.83% 45.01%
2009 34.13% 40.75% 43.12%

more history ...

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.