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Nevada Rent Increase Laws

Nevada Rent Increase LawsNevada Rent Increase Laws

Summary

Nevada is a top state for real estate investments in the U.S. The relatively simplistic legal structure for renting makes it easy for landlords to price their rentals competitively. However, this doesn’t mean landlords can raise rent however they wish. In order to invest successfully in Nevada, you should familiarize yourself with the state’s rent increase laws and general precepts for renting.

Las Vegas is one of the top travel destinations in the United States, making Nevada a hotspot for real estate investigators nationwide. As a result, landlords often look to invest in suburban real estate in the Las Vegas area. Investors interested in the Nevada market should familiarize themselves with the various rental laws in Nevada to legally and competitively price their rentals. 

This guide helps real estate investors make the most of their Nevada investment and competitively price their rental with success. 

General Precepts for Renting in Nevada

Nevada follows suit with most other states in the U.S. by granting landlords the right to set their prices and evict when necessary, as well as renter’s rights to a habitable unit and maintenance service in a timely manner. In addition, landlords must respond to tenant maintenance requests within 14 days, or the tenant may withhold rent or deduct expenses of the repair from their next rental check. 

Rent Increase Laws

Nevada statewide and most of its counties do not have a rent control policy. However, there are limits to when a landlord can increase rent and how much time they must give tenants before increasing it. 

Nevada landlords must abide by their lease terms and are not allowed to raise the rent until the lease has ended. There is no limit to how often a landlord can increase rent upon completion of a lease, nor limits on how much. However, they must give notice before changing rates. 

  • For “at-will” tenants, a 45-day notice is required before increasing rent. For tenants who lease month-to-month, a 15-day notice is required. 
  • Security deposits must not exceed three months’ rent and be rightfully returned, or the landlord can face penalties. 
  • Any late fees must be written in the lease in order to be collected.


Nevada Cities With Rent Control

Nevada has no statewide rent control regulations. However, Nevada is considered a “Dillon Rule” state, meaning all powers not expressly given to the state are deferred to the county. This means that any county in Nevada can enact rent control policies as they wish. While no counties in Nevada currently enforce rent control, they may do so if a housing crisis emerges. 

Average Rent in Nevada

Nevada is ranked 22nd in the country for rent pricing, with a fair market rent average ranging from $714 to $1,080 for a 2-bedroom apartment. Clark County (where Las Vegas is located) has the highest average rental price at $728 per month for a studio apartment and $1,882 per month for a four-bedroom apartment or home. The total average rent is around $900 statewide, which is consistent with the national average. 

Price Smarter With RentSpree

RentSpree makes pricing, listing, and managing your Nevada rent efficiently with an all-inclusive platform you can access from anywhere. Use our price estimator tool to price your rental for a competitive market value and find ideal tenants using our screening and application tools. RentSpree makes property management as simple as possible. Click here to get started today with RentSpree. 

Rent Estimate

Price your rentals with confidence with a custom Rent Estimate Report

RentSpree offers a comprehensive rent analysis and rent rate estimate report to help you maximize your rental profit.

Cap Rate Calculator

rentspree illustration of calculator

How to use

Enter information in the boxes below to calculate the comparative value of a piece of property in order to determine if it would be a good investment for you.

Property Value

Current market price or listed value
$

Yearly earnings

Anything you make a profit from that has to do with the property
$
$
$
Total A:

$

0.00

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Yearly Expenses

Anything you make a profit from that has to do with the property
$
$
$
$
$
$
Total B:

$

0.00

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Cap rate

0.00

%

Cap rate

$
$

0.00%

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Commission Calculator

How to use

Enter information in the boxes below to calculate the comparative value of a piece of property in order to determine if it would be a good investment for you.

Property Price

$

Commission Percentage

%
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Total Commission

$

0.00

Commission for Each Agent

$

0.00

Total Amount Seller Receives

$

0.00

Rent to Income Ratio Calculator

How to use

Enter information in the boxes below to calculate the comparative value of a piece of property in order to determine if it would be a good investment for you.

Rent-to-Income Ratio Calculator

$
$
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Rent-to-Income Ratio:

0

%

Move-in Move-out Calculators

Move-In Calculator

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1st Month's Prorated Rent:

$

0.00

Additional Move-In Costs (optional)

$
$
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Total Move-In Cost:

$

0.00

Move-out Calculator

$
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Move-Out Prorated Rent:

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0.00

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