Michael Way renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.

Las Vegas, NV map (which includes Michael Way) of rent costs by neighborhood

Rental Price Key

Luxury
High-end
Mid-tier
Most affordable

 


On average, the cost of rent in Michael Way is about $1,251 per month. This puts it in the 29th percentile compared to the city average cost of rent, which is $1,467. Households in Michael Way have a median income of $4,074 per month so the average renter in Michael Way is spending roughly 31% of their earnings on housing.

Nationally, and in Michael Way, home values are the data point most closely correlated with the cost of rent. The median price of a home in Michael Way is $223,670 right now, which is lower than neighborhoods nearby, meaning that rents in Michael Way also tend to be lower versus these nearby neighborhoods.

Higher rent prices are common in the northern parts of Michael Way while lower rent rates are often available in northeastern areas.

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