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Report: Las Vegas Apartment Rents Climbing Faster Than National Average

Las Vegas apartment rents are climbing faster than the national average, but the valley’s low vacancy rate is also inching up.

The Las Vegas Review-Journal reportsthat Southern Nevada  apartment tenants are paying an average of $989 per month this quarter, up 5.4 percent from a year earlier.

Meanwhile, the vacancy rate of 3.2 percent is tied for sixth-lowest among the 79 metro areas listed in a new report, and well below the national average of 4.7 percent.