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Las Vegas rent is flatlining, but young would-be renters still can't break in

  • The average roommate rent in Las Vegas has been flatlining for two years - it's now $873/month to rent a room in a shared household - but is still inflated way above pre-pandemic levels.
  • Priced out of the rental market, roommates under 35 in Las Vegas have been in decline for the past five years, as older age groups have increased their share of the market.

High rent in Las Vegas is excluding more young people from the rental market while keeping older renters in roommate situations, according to the latest rental index data from SpareRoom, which uniquely tracks roommate rents in shared households at the sharp end of America's housing affordability crisis.

Based on the latest rental index data (Q1 2026), the average roommate rent in Las Vegas is now $873/month, up just 0.2% on the previous year. Rent has been flatlining for the past two years, as shown in the chart below.

A graph displaying Las Vegas roommate rents from 2019-Q12026

But although rent isn't rising, affordability is still a huge problem. Rent is still dramatically higher than before the Covid pandemic, a factor that's changing roommate households. The proportion of younger people under 35 and sharing with roommates is in decline while those aged 35+ are becoming ever more present. In short, the idea that only students, graduates and young professionals share apartments is no longer true.

In fact, the fastest-growing age group in the Vegas roommate market is 55-64 year olds, whose share increased by almost a third (+32%) in the five years to 2025. Adults aged 45+ now represent 36% of the Vegas roommate market, up from 30% five years ago, as shown in the table below:

Age group Share of users in 2025 Share of users in 2020 5-year change
18-24 18.3% 22.5% -18%
25-34 24.5% 30.5% -20%
35-44 20.9% 17.2% 22%
45-54 15.8% 12.4% 27%
55-64 12.2% 9.3% 32%
65+ 8.2% 8.2% 0%

Matt Hutchinson, director of roommate site SpareRoom, comments: “It's important we don't let flatlining rent cloud the bigger picture. The fact is affordability remains a major challenge, especially for younger would-be renters, more and more of whom can't access the rental market at all. This has knock-on effects for the economy. Graduates and young people need to be able to take advantage of career opportunities, and if the only option is to stay at home with their parents, their choices are suddenly far more limited.”