Zip Code: 89118 (Las Vegas, Nevada) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily in the 89118 Zip Code (Las Vegas, Nevada) in February 2026 was $1,506.493. The month over month percentage change (MoM) was -0.65%, and the year over year percentage change (YoY) was -3.59%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 89118 zip code (Las Vegas, Nevada). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 89118 zip code (Las Vegas, Nevada).

You can see similar information for other Nevada zip codes.

Note: Zillow Observed Rent Index (ZORI) is a smoothed measure of the typical observed market rate rent across a given region. ZORI is a repeat-rent index that is weighted to the rental housing stock to ensure representativeness across the entire market, not just homes currently listed for-rent.

Data Source: Zillow.
Zip Code: 89118 (Las Vegas, Nevada) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 89118 (Las Vegas, Nevada) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 828.0363551870904 NaN NaN
Feb 2015 825.267895672025 -0.33 NaN
Mar 2015 817.9573568205919 -0.89 NaN
Apr 2015 817.219561665498 -0.09 NaN
May 2015 828.4557110461598 1.38 NaN
Jun 2015 0 -100.00 NaN
Jul 2015 836.4730224027544 Infinity NaN
Aug 2015 810.4972223535202 -3.10 NaN
Sep 2015 817.9864352475173 0.92 NaN
Oct 2015 828.235292541869 1.25 NaN
Nov 2015 868.3195479085055 4.84 NaN
Dec 2015 867.2365044011957 -0.12 NaN
Jan 2016 862.223014598992 -0.58 4.13
Feb 2016 863.0133284102051 0.09 4.57
Mar 2016 877.3749568956556 1.66 7.26
Apr 2016 877.0832519125664 -0.03 7.33
May 2016 880.8420570571454 0.43 6.32
Jun 2016 878.7438560225859 -0.24 Infinity
Jul 2016 890.3263439243575 1.32 6.44
Aug 2016 908.7469519202043 2.07 12.12
Sep 2016 903.7256439341916 -0.55 10.48
Oct 2016 914.8309246706408 1.23 10.46
Nov 2016 895.1872596578789 -2.15 3.09
Dec 2016 903.1909641654206 0.89 4.15
Jan 2017 911.7493380171469 0.95 5.74
Feb 2017 933.702775141644 2.41 8.19
Mar 2017 941.6766288618766 0.85 7.33
Apr 2017 949.9581351548192 0.88 8.31
May 2017 946.6321637386442 -0.35 7.47
Jun 2017 962.5253584947496 1.68 9.53
Jul 2017 961.3963549383895 -0.12 7.98
Aug 2017 970.8301465234058 0.98 6.83
Sep 2017 973.1240699412409 0.24 7.68
Oct 2017 981.0134831636294 0.81 7.23
Nov 2017 987.958082752823 0.71 10.36
Dec 2017 992.4676408330917 0.46 9.89
Jan 2018 992.0283507446271 -0.04 8.81
Feb 2018 989.614743788083 -0.24 5.99
Mar 2018 991.3364165102846 0.17 5.27
Apr 2018 1000.5024229725452 0.93 5.32
May 2018 1007.9958672043557 0.75 6.48
Jun 2018 1012.4362310025929 0.44 5.19
Jul 2018 1017.6046161172894 0.51 5.85
Aug 2018 1023.8314731297897 0.61 5.46
Sep 2018 1034.3121698390173 1.02 6.29
Oct 2018 1038.8606927817227 0.44 5.90
Nov 2018 1041.6738841356673 0.27 5.44
Dec 2018 1039.8037133597738 -0.18 4.77
Jan 2019 1050.3969685395891 1.02 5.88
Feb 2019 1058.7667283580386 0.80 6.99
Mar 2019 1064.2603550263143 0.52 7.36
Apr 2019 1067.1207597519165 0.27 6.66
May 2019 1076.5947772030268 0.89 6.81
Jun 2019 1080.1671238454549 0.33 6.69
Jul 2019 1089.644040633172 0.88 7.08
Aug 2019 1092.2368885401283 0.24 6.68
Sep 2019 1099.9881095069065 0.71 6.35
Oct 2019 1106.1954846909464 0.56 6.48
Nov 2019 1120.7741055556385 1.32 7.59
Dec 2019 1135.977744653758 1.36 9.25
Jan 2020 1144.2504974657738 0.73 8.94
Feb 2020 1152.5161123502023 0.72 8.86
Mar 2020 1141.0584298817876 -0.99 7.22
Apr 2020 1150.2041909653349 0.80 7.79
May 2020 1135.3642318698355 -1.29 5.46
Jun 2020 1125.1307235724305 -0.90 4.16
Jul 2020 1109.4057873217876 -1.40 1.81
Aug 2020 1127.1133341617253 1.60 3.19
Sep 2020 1136.9379113733326 0.87 3.36
Oct 2020 1168.1805656466204 2.75 5.60
Nov 2020 1186.5489711043458 1.57 5.87
Dec 2020 1195.4977987532104 0.75 5.24
Jan 2021 1205.3459743250387 0.82 5.34
Feb 2021 1201.402085943285 -0.33 4.24
Mar 2021 1228.2122632318662 2.23 7.64
Apr 2021 1248.9770336915267 1.69 8.59
May 2021 1285.3250209027556 2.91 13.21
Jun 2021 1320.6615424055644 2.75 17.38
Jul 2021 1356.7598420350346 2.73 22.30
Aug 2021 1383.1603972898968 1.95 22.72
Sep 2021 1410.9871453377532 2.01 24.10
Oct 2021 1418.557111233874 0.54 21.43
Nov 2021 1448.7307185730856 2.13 22.10
Dec 2021 1466.397631405092 1.22 22.66
Jan 2022 1509.8212168705763 2.96 25.26
Feb 2022 1526.110013527662 1.08 27.03
Mar 2022 1536.2484129896313 0.66 25.08
Apr 2022 1525.148504108979 -0.72 22.11
May 2022 1533.2091333492144 0.53 19.29
Jun 2022 1537.3396152127798 0.27 16.41
Jul 2022 1547.2579258520798 0.65 14.04
Aug 2022 1532.610763992825 -0.95 10.81
Sep 2022 1519.9682810753502 -0.82 7.72
Oct 2022 1507.7413776817448 -0.80 6.29
Nov 2022 1492.1163203199026 -1.04 3.00
Dec 2022 1513.845245735652 1.46 3.24
Jan 2023 1501.6246466293278 -0.81 -0.54
Feb 2023 1527.1480883005026 1.70 0.07
Mar 2023 1499.5666579196904 -1.81 -2.39
Apr 2023 1520.4691520812835 1.39 -0.31
May 2023 1515.0194772650261 -0.36 -1.19
Jun 2023 1525.5875434700706 0.70 -0.76
Jul 2023 1519.576658625648 -0.39 -1.79
Aug 2023 1517.7121058241305 -0.12 -0.97
Sep 2023 1512.4332459570785 -0.35 -0.50
Oct 2023 1514.9007782823662 0.16 0.48
Nov 2023 1508.062638340668 -0.45 1.07
Dec 2023 1509.0350417252087 0.06 -0.32
Jan 2024 1504.294194436883 -0.31 0.18
Feb 2024 1489.0235230189946 -1.01 -2.50
Mar 2024 1495.5945967655139 0.44 -0.26
Apr 2024 1503.8679088178003 0.55 -1.09
May 2024 1529.7756597789723 1.72 0.97
Jun 2024 1540.7831188024788 0.72 1.00
Jul 2024 1549.9740652004698 0.60 2.00
Aug 2024 1553.2010960795772 0.21 2.34
Sep 2024 1555.9999141633805 0.18 2.88
Oct 2024 1557.1024646091498 0.07 2.79
Nov 2024 1564.0794040891287 0.45 3.71
Dec 2024 1543.3975007578756 -1.32 2.28
Jan 2025 1553.4614231504765 0.65 3.27
Feb 2025 1562.6176256032352 0.59 4.94
Mar 2025 1570.0859047081456 0.48 4.98
Apr 2025 1557.1249314827576 -0.82 3.54
May 2025 1538.692863677661 -1.18 0.58
Jun 2025 1524.927348112506 -0.89 -1.03
Jul 2025 1518.7507310896942 -0.40 -2.01
Aug 2025 1519.4904981031527 0.05 -2.17
Sep 2025 1520.9501031334169 0.10 -2.25
Oct 2025 1519.8128274946096 -0.07 -2.39
Nov 2025 1517.7916301870794 -0.13 -2.96
Dec 2025 1524.5070275872667 0.44 -1.22
Jan 2026 1516.3142140345699 -0.54 -2.39
Feb 2026 1506.4928686450423 -0.65 -3.59