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Thursday, Dec. 4, 2025

Does Nevada have the second-highest rate of cost-burdened renters in the nation?

Kate Reynolds, The Nevada Independent
yes

Nevada has the second-highest rate of cost-burdened renters nationwide, according to 2024 Census data. 

Renter households are considered cost-burdened if they dedicate more than 30% of gross annual household income to rent costs. Households are considered severely cost-burdened if they dedicate at least 50% of income to rent.

In 2024, approximately 270,000 of the 470,000 Nevada households for whom rent burden was calculated were considered cost-burdened, or 57.6%. 

Florida was the only state with a higher share of cost-burdened households in 2024 than Nevada, at 62.1%. Nationwide, 51.8% of renter households were considered cost-burdened. 

Of Nevada’s cost-burdened households, just over 50 percent were severely burdened.

Median monthly rent for Nevada individuals has sharply increased in the last decade, rising from $955 in 2014 to $1,709 in 2024. Most of that increase has occurred since 2020, when median monthly rent in Nevada was $1,159.

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Fact briefs are bite-sized, well-sourced explanations that offer clear "yes" or "no" answers to questions, confusions, and unsupported claims circulating online. They rely on publicly available data and documents, often from the original source. Fact briefs are written and published by newsrooms in the Gigafact network.

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The Nevada Independent is a nonpartisan, nonprofit news and opinion website founded in 2017 by veteran political journalist and commentator Jon Ralston. The site and its supporting channels are focused on ethical, unbiased and transparent journalism. In general, we aim to gather and disseminate important public information and increase civic engagement. We are supported by corporate donations, memberships, event ticket sales and sponsorships and foundation grants. We disclose all our members and donors. Donors have no influence over our content, ever. The Nevada Independent is the dba for Nevada News Bureau, Inc., a 501(c)3 nonprofit founded in 2010 by Elizabeth Thompson, who now serves as one of The Nevada Independent's managing directors and its Editor.

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