Las Vegas, Nevada Short-Term Rental Market
Las Vegas STRs averaged $220/night at 61.5% occupancy in April 2026 across 19,340 tracked listings.
Quick Answer: Las Vegas, Nevada is an active short-term rental market. average occupancy in the Las Vegas market area is 57%. average monthly revenue in the Las Vegas market area is $3,380. average daily rate in the Las Vegas market area is $201. 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
Las Vegas draws 41.7 million annual visitors, and the STR market reflects a city where hotel competition is intense and regulatory constraints have shaped the supply profile. As of April 2026, the average daily rate across all Las Vegas STR listings was $219.71, with average occupancy at 61.5% and RevPAR at $135.18. Revenue per listing averaged $3,632 in April.
The market carries 19,340 tracked listings. Entire-place listings account for 16,261 (84.1% of the total), with private rooms at 2,949 and shared rooms at 130. Channel distribution is heavily Airbnb-weighted: 13,106 Airbnb-only listings, 1,061 VRBO-only, and 5,173 appearing on both platforms.
Bedroom mix is weighted toward smaller units: 1-bedroom properties lead by a large margin at 8,415 listings, followed by 2-bedroom (3,352), 3-bedroom (2,769), 4-bedroom (2,335), and 5-plus bedroom (2,341). The 1-bedroom dominance reflects the condo and apartment inventory that characterizes much of the Las Vegas STR supply.
Year-over-year performance in April 2026 was negative across all metrics: occupancy down 3.23 percentage points, ADR down 6.12%, and revenue down 5.35%. The StaySTRA overall market score is 62.39 out of 100, with seasonality scoring an exceptional 97.45 (very low swing, favorable for operators) but revenue growth at 46.45 and rental demand at 57.26 reflecting near-term softness.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 54% |
| Feb | 57% |
| Mar | 63% |
| Apr | 61% |
| May | 60% |
| Jun | 61% |
| Jul | 64% |
| Aug | 57% |
| Sep | 60% |
| 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 STR regulation is divided between two distinct jurisdictions that investors must evaluate separately.
City of Las Vegas (most residential neighborhoods outside the Strip corridor): STRs require a city business license plus a Conditional Use Verification (CUV) permit, with an annual license fee of approximately $500. The property must be the operator’s primary residence and the owner must be present on-site during every guest stay. Properties are limited to three bedrooms, must be at least 660 feet from any other licensed STR, and must be at least 2,500 feet from any resort hotel. Maximum occupancy is two persons per bedroom plus two, capped at 16. Minimum $500,000 liability insurance is required. Parties and commercial events are prohibited. The city intensified owner-occupancy enforcement in 2024, revoking licenses where owners were not residing on-site.
Clark County (unincorporated areas, including much of the Strip corridor and suburban residential areas outside city limits): STRs are permitted under Chapter 7.100 of the Clark County Code (adopted June 2022). However, as of January 2026, enforcement of this ordinance is enjoined by a federal court preliminary injunction issued December 17, 2025. Clark County voted to appeal. The injunction covers licensing requirements, daily fines, public nuisance declarations, and property liens. The legal situation remains in flux pending the appeal.
Occupancy tax across the Las Vegas area is approximately 13.38%. The cap of 1% of eligible residential housing units under the Clark County ordinance amounts to approximately 2,940 permitted units.
Enforcement within the City of Las Vegas is rated strict, particularly following the 2024 enforcement escalation.
Market Comparison
At $219.71 ADR and 61.5% occupancy, Las Vegas sits near national STR median ADR (approximately $220) but above median occupancy (approximately 55%). RevPAR of $135.18 is modestly above the national median, reflecting balanced but not exceptional demand relative to supply.
The StaySTRA total market score of 62.39 is the lowest of the six markets in this batch, driven by revenue growth at 46.45 (negative YoY trend) and rental demand at 57.26. The seasonality score of 97.45 is a genuine strength, making Las Vegas one of the most consistent-demand markets in the country from an operator’s cash-flow planning perspective.
Professional management in Las Vegas includes a mix of condo-focused operators and residential managers. The top five by listing count are: StripViewSuites (628 listings, 26,515 reviews, 4.661 average rating), Doug (326 listings, 5,278 reviews, 4.888 rating), Desert Escape Residences (247 listings, 2,094 reviews, 4.167 rating), Christian Taylor Vacations (210 listings, 449 reviews, 4.689 rating), and Las Vegas Condo Rentals (206 listings, 16,345 reviews, 4.751 rating).
StripViewSuites leads by listing count and review volume, operating primarily in the condo tower inventory near the Strip. The top five operators collectively manage approximately 1,617 of 19,340 total listings, or roughly 8.4% of the market.
Frequently Asked Questions About Las Vegas, Nevada
What is the average daily rate for Las Vegas Airbnb and vacation rentals?
What is the occupancy rate for Las Vegas short-term rentals?
Are Airbnb rentals legal in Las Vegas?
What taxes apply to Las Vegas vacation rentals?
How much can a Las Vegas vacation rental earn per month?
Is Las Vegas a good market for STR investment?
When is the best time for Las Vegas short-term rental revenue?
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