Best Places to Buy Rental Property in Nevada (2026)

Gross asking rental yields range from 4.7 percent in Reno to 6.1 percent in Fernley across the 9 Nevada markets shown, a spread of 1.5 points. Compare purchase prices alongside property expenses and rental demand rather than treating the highest ratio as a recommendation. Second is North Las Vegas: 6.1 percent gross, $410,000 to buy, $2,100 a month to rent. Las Vegas, the busiest market on the list with about 809 closings a month, sits fourth of 9 at 5.5 percent. For two of these cities the page also shows a confirmed-close median; in Reno, 220 confirmed lease closes carry a median of $2,398 against a $2,200 asking median. The two samples are not paired, so the gap describes the samples, not the same homes. One more city clears the closings bar but not the rental one and appears in a second table with entry price only.

The ranking

Gross yield here is an asking rental yield screen: twelve times the median asking rent over the median closed price, before taxes, insurance, vacancy, management or repairs. Sales use municipal boundaries. Rental listings use the associated city name and may cover a wider postal area. The ratio therefore compares related, but not perfectly matched, market samples, and a home bought at the median price does not necessarily earn the median rent. Confirmed-close medians appear where at least 30 confirmed lease closes were recorded in the window.

City by city

1. Fernley, 6.1 percent gross

At $410,000 to buy and $2,100 a month to rent, Fernley yields 6.1 percent gross on 237 tracked closings. The Fernley market page carries the monthly figures.

2. North Las Vegas, 6.1 percent gross

The numbers: $410,000 median closed price across 1,896 closings, $2,100 median asking rent across 2,668 listings, 6.1 percent gross. Houses there closed at about $230 per square foot. The North Las Vegas market page carries the monthly figures.

3. Henderson, 5.6 percent gross

Rent is what puts Henderson third here; on price alone it would sit seventh of 9. The numbers: $482,250 median closed price across 3,326 closings, $2,250 median asking rent across 4,460 listings, 5.6 percent gross. Houses there closed at about $261 per square foot. The Henderson market page carries the monthly figures.

4. Las Vegas, 5.5 percent gross

At $435,000 to buy and $2,000 a month to rent, Las Vegas yields 5.5 percent gross on 4,856 tracked closings. See the Las Vegas page for the property mix and the price band.

5. Sparks, 5.4 percent gross

Sparks's confirmed-close median, $2,395 on 101 closes, sits close to its $2,350 asking median; the samples are separate, so read it as agreement between two medians rather than a validated yield. Homes in Sparks closed at a median of $520,000 over the last six months and the median asking rent in the last twelve months was $2,350, a gross yield of 5.4 percent. Full detail is on the Sparks market page.

6. Mesquite, 5.3 percent gross

Mesquite is cheaper than its yield rank suggests: second on price, sixth on yield, because a $364,000 home there rents for only $1,600. At $364,000 to buy and $1,600 a month to rent, Mesquite yields 5.3 percent gross on 303 tracked closings. Houses there closed at about $228 per square foot. Full detail is on the Mesquite market page.

7. Pahrump, 5.2 percent gross

Pahrump is cheaper than its yield rank suggests: first on price, seventh on yield, because a $320,000 home there rents for only $1,400. At $320,000 to buy and $1,400 a month to rent, Pahrump yields 5.2 percent gross on 649 tracked closings. Houses there closed at about $195 per square foot. The Pahrump market page carries the monthly figures.

8. Carson City, 5.2 percent gross

Homes in Carson City closed at a median of $482,000 over the last six months and the median asking rent in the last twelve months was $2,100, a gross yield of 5.2 percent. Houses there closed at about $296 per square foot. Full detail is on the Carson City market page.

9. Reno, 4.7 percent gross

Reno also carries a confirmed-close median: 220 confirmed lease closes in the last twelve months have a median of $2,398, 9 percent above the $2,200 asking median. The two samples are not paired, so this describes the samples rather than the same homes. Homes in Reno closed at a median of $565,000 over the last six months and the median asking rent in the last twelve months was $2,200, a gross yield of 4.7 percent. See the Reno page for the property mix and the price band.

Priced, but too few rentals to rank

These cities cleared 100 tracked closings but fewer than 50 rental listings carried their name in the last twelve months, so no yield is printed for them.

How this ranking is built

• •Cities: every Nevada city where Resideline tracked at least 100 closings inside the municipal boundary in its reporting window (six or twelve months) and at least 50 rental listings under the city's name since September 10, 2025: 9 cities qualify.
• •Prices: the median price homes closed at inside the city limits, from Resideline's tracked closings; the state comparison uses the statewide median of $447,500 across 24,572 closings.
• •Rents: the median advertised rent on rental listings Resideline tracked in the last twelve months, all property types, measured on the listings that carry the city's name (a postal footprint, wider than the city line in some places).
• •Confirmed-close medians: Observed rent blends two kinds of record: confirmed lease closes extracted from property records, and the final asking rent on listings that left Resideline tracking without a recorded close. Where a city has at least 30 confirmed closes in the window, their median is printed beside the asking figure; in the last twelve months about a quarter of Resideline's close episodes are confirmed closes. The asking and confirmed-close samples are separate, not paired, so a difference between their medians is not a measured gap on the same listings.
• •What is missing: taxes, insurance, vacancy, management and repairs, which turn a gross yield into a net one, and the unit mix, which differs between what sells and what rents.

Sources and related pages

• •Resideline tracked closings inside city limits (window per city, updated September 10, 2026) and rental listings since September 10, 2025; confirmed lease closes extracted from property records.
• •More Nevada rankings: Cheapest cities to buy a house in Nevada ranks the same kind of list with each city's price per square foot for houses, realized appreciation and days to contract beside the median, and Cap Rate by City ranks the Nevada cities Resideline tracks by gross rental yield. The Nevada housing market hub carries the statewide figures and the largest Nevada markets by closings.
• •Asking rent vs observed rent compares live asking rents with final asking rents under that study's own definition; it says nothing about confirmed lease closes.

Prepared with Resideline's research pipeline and reviewed by Jeffrey Batista, Resideline's founder.