Reno is the 82nd largest multifamily market with 43,232 completed units and 10,154 units in development, 3,696 of which have already broken ground, as of December 2021.
Reno Multifamily Market Summary – December 2021
New lease asking rents are at $1,501, up 12.4%▲
from the previous year placing Reno at 50th
overall in year-over-year rent growth.