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How Many Las Vegas Rentals Sit Empty? Rental Vacancy in 2026

Las Vegas rentals were scarce in 2021. Today the vacancy rate is about the national average, and apartments are offering free rent to fill units.
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Las Vegas Rental Research › Rental vacancy

How Many Las Vegas Rentals Are Empty?

The Census Bureau put the Las Vegas metro rental vacancy rate at 7.5% in the third quarter of 2026, about the same as the national 7.6%. In 2021 it averaged 3.7%.

Key Numbers

  • 7.5%Las Vegas metro rental vacancy rate, third quarter of 2026 (±2.5 points); U.S. 7.6%Census Housing Vacancy Survey, Table 4
  • 8.7%Clark County rental vacancy rate for all of 2025 (±1.3 points)Census ACS 2025, profile DP04
  • 34,681vacant homes for rent in Clark County in 2025Census ACS 2025, table B25004
  • 39 daysfrom listing to signed lease for Las Vegas apartments in October 2026, up from 29 days in October 2024Apartment List, time on market
Las Vegas metro rental vacancy rate, average of each year’s quarters

Averages of the quarterly rates are our calculation; 2026 averages the first three quarters. Each quarterly rate has a margin of error of about ±2.5 points. Source: U.S. Census Bureau, Housing Vacancy Survey, Table 4b (2015 to 2025) and Table 4 (2026).

YearAverage of the year’s quartersThird quarter
20195.5%n/a
20205.0%n/a
20213.7%3.1%
20225.7%5.8%
20237.2%7.6%
20248.3%6.9%
20256.4%6.4%
2026 (Q1–Q3)7.6%7.5%

From Scarce to Average

In 2021 Las Vegas rentals were hard to find: the metro’s rental vacancy rate averaged 3.7% across the year. It climbed to an average of 8.3% in 2024 and has since settled near the national rate. The third-quarter rate was 6.4% in 2025 and 7.5% in 2026, but each quarterly reading has a margin of error of about ±2.5 points, so that change is not statistically significant. The fair summary is “about the same as the national rate”, not “rising”.

Two Census Surveys

The Housing Vacancy Survey is quarterly and has a small local sample. The annual American Community Survey has a much larger one: it put Clark County’s rental vacancy rate at 8.7% (±1.3) for 2025 and 7.6% (±0.9) for 2024. That rise is within the margins of error. By city, the 2025 rates were 7.0% (±2.0) in the City of Las Vegas, 5.6% (±2.9) in Henderson and 7.7% (±3.1) in North Las Vegas. Both surveys define the rate the same way: vacant homes for rent as a share of all rental homes. We use the annual survey for how many homes and the quarterly survey for the latest reading.

What the Empty Homes Are

Clark County had 96,588 vacant homes in 2025 (±7,358), 9.8% of its 989,966 housing units. Not all of them are rentals waiting for a tenant:

Why the home is vacantHomesShare of vacant homes
For rent34,68135.9%
Held for seasonal, recreational or occasional use29,72430.8%
Other vacant18,04418.7%
For sale only9,1039.4%
Sold, not yet occupied3,3503.5%
Rented, not yet occupied1,6861.7%
Total vacant homes96,588100%

Homes for rent make up 35.9% of vacant homes in Clark County, against 21.0% nationally (U.S. table B25004). Another 29,724 are second homes and part-year homes. Shares are our calculation from the published counts; each count has its own margin of error, shown in table B25004.

Apartments: Longer to Lease, More Free Rent

Apartment List tracks apartments listed on its platform. In October 2026 it put Las Vegas apartment vacancy at 7.5% (7.1% a year earlier, 6.3% two years earlier; U.S. 7.0%). Apartments took 39.0 days from listing to signed lease, up from 33.3 days a year earlier and 29.0 days two years earlier (U.S. 35.7). And 54.7% of Las Vegas apartment properties offered at least one month free, against 32.0% nationally and 24.3% in January 2025.

Commercial real estate reports built on CoStar data put Las Vegas apartment vacancy higher, at 9.1% for stabilized buildings (Northmarq, third quarter of 2026) and 10.2% including new buildings still leasing up (Lee & Associates, third quarter of 2026). Each publisher uses a different set of properties, so compare each figure only with its own history.

Houses: No Public Vacancy Figure

No public source publishes a vacancy rate or days on market for single-family rental homes in Las Vegas. The closest public numbers come from the two largest single-family landlords, which report on their own Las Vegas homes: an average occupancy of 96.5% across 3,374 homes at Invitation Homes (third quarter of 2026) and 95.3% across 2,886 homes at American Homes 4 Rent (third quarter of 2026). Across its whole national portfolio, Invitation Homes says its homes sat empty for an average of 47 days between residents in 2025, up from 40 days in 2024 (2025 annual report). These are two companies’ homes, not the market.

What This Means for Owners

  • Renters have more choice than in 2021. With vacancy about twice what it was then, price, condition and how quickly a home is listed and shown decide how long it sits. Our guide to how long it takes to rent a house in Las Vegas covers the steps.
  • Apartments are competing with free rent. More than half of apartment properties offer a month free. A house competes on space, a yard and a garage, but only at a realistic price. A free rental analysis shows what your home should rent for today.
  • Every empty month costs about 8% of a year’s rent. Our breakdown of the cost of a vacant rental shows how it adds up.
  • These are area-wide averages across apartments and houses, with wide margins of error. A well-priced house in a given ZIP code can lease faster or slower.

Method and Sources

The quarterly rental vacancy rate is from the Census Bureau’s Current Population Survey/Housing Vacancy Survey, rental vacancy rates for the 75 largest metro areas (released October 28, 2026). The yearly averages in the chart are our calculation from those quarterly rates. The Las Vegas-Henderson-North Las Vegas metro area is Clark County alone. The fourth quarter of 2025 is based on November and December only, because October 2025 was not collected during the federal funding lapse.

Annual figures are American Community Survey 2025 1-year estimates, read from data.census.gov on November 11, 2026, with 90% margins of error. The 2025 survey lost six weeks of data collection to the same funding lapse, which the Census Bureau says affected 2025 sample sizes and margins of error (user note). Apartment List figures are from its October 2026 data files (vacancy index methodology).

Cite This Study

The Rental Lister, “How Many Las Vegas Rentals Sit Empty? Rental Vacancy in 2026,” November 11, 2026, https://www.therentallisterlv.com/research/las-vegas-rental-vacancy. Data: U.S. Census Bureau; Apartment List.

Download the data (CSV). Free to use with credit to The Rental Lister and a link to this page (CC BY 4.0).

Reporters: Mark Lister, founder of The Rental Lister, is available for interviews at 702.278.4781.

Spotted an error? Tell us and we will correct it and note the change on this page.

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