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Phoenix & Southwest  + Southwest  + Apartments  | 
Las Vegas BTR rents top $7,000/mo

Las Vegas BTR Homes Reach $7,000/Mo

The BTR market has mostly tried to find an alternative for highrise apartment living, at a similar rental price. Except in Las Vegas. Over 50 homes have come onto the rental markets, some as high as $7,000 a month.

The Las Vegas Review-Journal reports rents for the luxury attached properties, or duplexes, at Seneca at Southern Highlands, located southwest of the South Point Hotel Casino & Spa across Interstate 15, range from $4,500 to $7,000 a month for two- and three-story homes with three or more bedrooms. The newly built homes range in size from 2,200 to 2,700 square feet. Community amenities include a pool, dog park, barbecues, dining area and shared garden. Seneca secured a $26 million construction loan for the project. That’s over $500,000 per unit.

The high-income rental demographic — people who make more than $150,000 a year — has grown approximately 82 percent over the past five years, according to RentCafe. The entire market has grown 47 percent since 2021.


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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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