Las Vegas, Nevada Short-Term Rental Market
Las Vegas city STRs require owner occupancy, with $221 ADR, 56.3% occupancy and $3,437 revenue in September 2026.
Quick Answer: Las Vegas, Nevada is an active short-term rental market. average occupancy in the Las Vegas market area is 56%. average monthly revenue in the Las Vegas market area is $3,437. average daily rate in the Las Vegas market area is $221. the top operator in the Las Vegas market area is StripViewSuites with 628 listings. market score is 62/100 (grade C).
Market data reflects the wider Las Vegas market, which covers 4 areas. Regulations, taxes, and permit details below are specific to Las Vegas.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
This page covers the Las Vegas and Henderson STR market in the Las Vegas Valley of Nevada. Performance figures below describe that two-city market rather than Las Vegas alone, because the underlying data series is shared between the two cities. The latest data month is September 2026. Across all listings, the average daily rate (ADR) was $221, occupancy was 56.3%, and average monthly revenue per listing was $3,437. Entire-place listings averaged an ADR of $245 and $3,756 in monthly revenue. Houses averaged $3,985 per month and apartments averaged $2,733.
Year over year, the market softened slightly. ADR was down 3.4%, occupancy was down 0.6%, and monthly revenue was down 0.5% compared with September 2025. Rate pressure is the main driver, while demand has held close to last year’s level.
Demand rests on a very large visitor base. Las Vegas drew 41.7 million visitors in 2024, a 2.1% increase from 40.8 million in 2023. The average visitor stays 3.3 nights, 86% have visited before, and hotel occupancy averaged 83.6%. The city itself has a population of 660,400. Harry Reid International Airport set a passenger record in 2024.
Longer-term figures show a market that repriced upward after 2020. Annual ADR was $161 in 2020, $198 in 2021, and peaked at $233 in 2024, with average monthly revenue of $3,865. In 2025 ADR was $221 with revenue of $3,635. Through the first nine months of 2026, ADR is $216, occupancy is 58.9%, and revenue is $3,572 per month.
Bedroom, channel, and listing-type counts and top-operator names are tracked at a shared regional level rather than uniquely for Las Vegas, so this profile omits them.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 54% |
| Feb | 57% |
| Mar | 63% |
| Apr | 61% |
| May | 60% |
| Jun | 61% |
| Jul | 64% |
| Aug | 57% |
| Sep | 59% |
| Oct | 63% |
| Nov | 57% |
| Dec | 58% |
Month-by-month nightly rates and revenue figures for Las Vegas are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Las Vegas market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Las Vegas market as a whole, which includes Las Vegas, so these counts are not Las Vegas-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | StripViewSuites | 628 | 26,515 | ★ 4.66 |
| 2 | Doug | 326 | 5,278 | ★ 4.89 |
| 3 | Desert Escape Residences | 247 | 2,094 | ★ 4.17 |
| 4 | Christian Taylor Vacations | 210 | 449 | ★ 4.69 |
| 5 | Las Vegas Condo Rentals | 206 | 16,345 | ★ 4.75 |
What Kind of STR Should I Buy in Las Vegas?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Las Vegas are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 67.8% |
| vrbo | 5.5% |
| both | 26.7% |
Home Value Trends (Las Vegas)
Typical home values, median sale prices, and the 10-year price trend for Las Vegas are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Las Vegas — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
Las Vegas short-term rental rules are strict, and they are split between two jurisdictions. STRs are permitted, and a permit is required. Enforcement severity is rated strict.
City of Las Vegas: operators need a city business license plus a Conditional Use Verification (CUV). The annual cost is about $500. STRs are limited to owner-occupied primary residences, and both owner occupancy and primary residence are required. Homes are limited to 3 bedrooms and must be at least 660 feet from any other licensed STR and 2,500 feet from a resort hotel. Zoning must permit STR use, and written HOA approval is required where an HOA applies. The city intensified owner-occupancy enforcement in 2024, investigating licensed properties and revoking licenses where owners were not living on site.
Clark County unincorporated areas: STRs fall under a business license under Chapter 7.100. The county caps licenses at 1% of eligible residential housing units, roughly 2,940 units, with 1,000 feet of separation between STRs and 2,500 feet from resort hotels. Only one license is allowed per person or entity, and residential buildings above 10% STR concentration are ineligible. Several townships are excluded, including Mt. Charleston, Moapa, Moapa Valley, Mesquite, and Bunkerville.
Recent change: on December 17, 2025, a federal judge issued a preliminary injunction barring Clark County from enforcing its STR licensing requirements, daily fines, nuisance declarations, and property liens. The county voted on January 6, 2026 to appeal, and the injunction remains in place during the appeal.
The occupancy tax rate is 13.38%.
Market Comparison
In September 2026 the Las Vegas and Henderson market had 56.3% occupancy and a $221 ADR.
The market’s distinguishing features are scale and visitor mix. Las Vegas recorded 41.7 million visitors in 2024 and $55.1 billion in total tourism spending, with per-trip spending averaging about $1,322. Hotel occupancy of 83.6% is far above the STR occupancy of 56.3%, so STRs compete against a high-occupancy hotel base for the same demand.
Performance has been slipping from its 2024 peak. ADR of $233 in 2024 fell to $221 in 2025, and year-to-date 2026 is $216. Average monthly revenue went from $3,865 in 2024 to $3,635 in 2025 and $3,572 in 2026 so far.
Regulation is the biggest difference from many national markets. Owner-occupancy requirements in the City of Las Vegas and a license cap in unincorporated Clark County limit who can operate. Top-operator names are tracked at a shared regional level rather than uniquely for Las Vegas, so this profile omits them.
Frequently Asked Questions About Las Vegas, Nevada
What is the average Airbnb nightly rate in Las Vegas?
What is the occupancy rate for short-term rentals in Las Vegas?
How much revenue does a Las Vegas short-term rental earn?
Can you run an Airbnb in the City of Las Vegas?
What is the occupancy tax on STRs in Las Vegas?
What is the typical home value in Las Vegas?
When is the best time of year to earn from a Las Vegas STR?
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