Reno Condos for Sale

Reno condos span a wide spectrum. Entry-level studios and one-bedrooms near the University of Nevada start in the low-to-mid $200,000s, while renovated Midtown lofts and downtown high-rise units typically range from $350,000 to $600,000. Newer construction and upscale complexes with resort amenities can push into the $700,000s and beyond. The live median above reflects today's active NNRMLS inventory.

Downtown Reno, Midtown, and the area surrounding the University of Nevada carry the deepest condo inventory. Virginia Lake and the South Meadows corridor offer gated resort-style complexes popular with retirees and remote workers. Each neighborhood has a distinct character — contact us and we'll match your lifestyle to the right area.

HOA fees in Reno condo communities generally run $250–$600 per month, depending on building age, amenities (pool, gym, concierge), and reserve fund health. Older low-rise buildings tend toward the lower end; newer high-rise towers or resort-style complexes with extensive amenities sit at the higher end. Always review the HOA financials and reserve study before making an offer.

Yes — Reno's rapidly expanding tech and logistics employment base, combined with a large university population, creates consistent rental demand. Nevada's landlord-friendly statutes and zero state income tax improve net returns compared with California. Proximity to the Reno-Tahoe International Airport and major employers makes furnished corporate rentals another viable strategy for suitable units.

FHA financing is available only for condos in FHA-approved projects or through the FHA spot-approval process. Many Reno condo buildings are not on the current FHA-approved list, so buyers planning FHA financing should verify project approval early. Conventional loans with as little as 3% down are often a cleaner path for Reno condos — we can connect you with lenders who know Washoe County inventory well.

Prioritize the reserve fund balance — a healthy reserve is typically 70%+ funded. Ask for the last two years of meeting minutes to spot recurring maintenance issues or pending special assessments. Review the rental-restriction rules if you plan to lease the unit. Reno's older downtown buildings sometimes carry deferred maintenance that shows up in reserve deficits; newer buildings near the Tesla and Switch campuses tend to have stronger financials.