5+ Days Ago
Location
331 Locust St, Reno, NV 89502, USA|Wells Avenue Neighborhood
Tour 331 Locust St
Contact
Ferrari-Lund Real Estate - Lesley Reilly
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Property Overview
Located in a vibrant neighborhood, the property features 13 photos, enhancing visibility for prospective renters. It ranks in the top 6.25% for value per square foot in the area, highlighting its investment potential. With nearby public transit, a variety of parks, and an impressive selection of restaurants, it significantly supports environmental sustainability and fosters an active social life.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space- Images Available
Great for
Social life
Eco living
Amenities for 331 Locust St, Wells Avenue Neighborhood
Apartment Amenities
| Utilities Included |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
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About 331 Locust St
To view this home please contact Lesley Reilly 775-771-1183 to find out the next group showing time. 1 Bed / 1 Bath Apartment in Midtown Charming and cozy 1-bedroom, 1-bath unit available in the heart of Midtown. This comfortable home includes a detached 1-car garage and a large basement for plenty of extra storage space. Details: All utilities included except electric Spacious basement Detached 1-car garage Convenient Midtown location close to shops, restaurants, and public transit Perfect for anyone looking for a clean, comfortable, and well-located place to call home. Contact today to schedule a viewing — this unit won’t last long! Rent: $1500.00 Deposit:$1500.00 Application fee: $55.00 per person over 18- must view property before turning in application. Application fees are NON-REFUNDABLE, NO EXCEPTIONS. Income qualification 3x monthly rent gross income. Rental Application Process 1. Go to www.ferrari-lund.com, to go search homes, select rentals. Scroll through Rental Listings (do not search for in "Search By" bar), Find Rental Property you are interested in applying for Click on APPLY NOW. Anyone living in the property over 18 years old must apply. Complete application and upload required documents ( ID & Pay Stubs/proof of income). REQUIRED DOCUMENTATION To Be uploaded: 1. Copy of Valid Driver's License, Military ID or State ID. 2. Copy of 30 days' most recent pay stubs. Income qualification is 3x monthly rent gross income. NO BANK STATEMENTS or screen shots of deposits into bank accounts. Proof of Other Income as in SSI, Child Support court order, Etc. if applicable. Unsatisfactory income can be grounds for denial. 3. Unsatisfactory Credit history or below 600 score, can be grounds for denial 5. If you are Self Employed, provide copies of the last 2 most recent tax returns. 6. Any past evictions, negative rental history, past due utilities or blemished criminal record can be grounds for denial. 7. If application is approved property will be held with signed lease and security deposit for 2 weeks from approval date. Please note the following: Application fee is $55.00 per adult. Application fees are NON-REFUNDABLE, NO EXCEPTIONS. You may also pay with a cashier's check or money order made payable to Ferrari Lund Real Estate with your last name and rental unit in the memo line. Incomplete Application Packets Will NOT Be Processed. *Completed Applications will be processed as received. Applications are processed Monday-Friday during business hours. Processing of application and verification of information is attempted to be completed within 3-5 business days. Response time from employers or landlords can delay this process. If unable to verify employment and/or rental history within 3 business days of requesting, application will be denied. First 3 fully executed applications submitted will be accepted. The best qualified applicant will be selected.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 331 Locust St compares to other nearby properties.
Positives
- More space
- The 1-bedroom is 514 sqft larger than other listings nearby
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
Address details
| Neighborhood | Wells Avenue Neighborhood |
|---|---|
| Zip code | 89502 |
| Type | Apartment for rent |
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Rent trends in Wells Avenue Neighborhood
1-bedroom apartments at 331 Locust St cost about 20% more than the average rent price for 1-bedroom apartments in Reno.
Median rents as of Nov 8 2025.
Wells Avenue Neighborhood
Reno
| Month | Median Rent |
|---|---|
| November 2023 | $1,295 |
| December 2023 | $1,266 |
| January 2024 | $1,257 |
| February 2024 | $1,249 |
| March 2024 | $1,285 |
| April 2024 | $1,295 |
| May 2024 | $1,296 |
| June 2024 | $1,315 |
| July 2024 | $1,340 |
| August 2024 | $1,310 |
| September 2024 | $1,368 |
| October 2024 | $1,339 |
| November 2024 | $1,310 |
| December 2024 | $1,301 |
| January 2025 | $1,298 |
| February 2025 | $1,295 |
| March 2025 | $1,274 |
| April 2025 | $1,256 |
| May 2025 | $1,298 |
| June 2025 | $1,321 |
| July 2025 | $1,353 |
| August 2025 | $1,335 |
| September 2025 | $1,349 |
| October 2025 | $1,316 |
| November 2025 | $1,297 |
| Month | Median Rent |
|---|---|
| November 2023 | $1,150 |
| December 2023 | $1,152 |
| January 2024 | $1,150 |
| February 2024 | $1,184 |
| March 2024 | $1,209 |
| April 2024 | $1,195 |
| May 2024 | $1,186 |
| June 2024 | $1,168 |
| July 2024 | $1,180 |
| August 2024 | $1,210 |
| September 2024 | $1,217 |
| October 2024 | $1,211 |
| November 2024 | $1,217 |
| December 2024 | $1,205 |
| January 2025 | $1,195 |
| February 2025 | $1,197 |
| March 2025 | $1,182 |
| April 2025 | $1,183 |
| May 2025 | $1,234 |
| June 2025 | $1,289 |
| July 2025 | $1,226 |
| August 2025 | $1,146 |
| September 2025 | $1,235 |
| October 2025 | $1,259 |
| November 2025 | $1,247 |
Affordability calculator
Can I afford to live at 331 Locust St?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$60,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $60,000 annually to afford this 1-bedroom monthly rent price of $1,500.
For more information on rent affordability, visit our rent calculator.
Schools near 331 Locust St
Libby C. Booth Elementary School
1450 stewart st
reno, NV, 89502
PK, K-5Public
B-
Turning Point
350 hunter lake dr
reno, NV, 89509
1-12Public
Marvin Picollo School
900 foothill rd
reno, NV, 89511
PK, K-12Public
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Internet available near 331 Locust St
Getting around Reno near 331 Locust St
Walking
8/10
No car? No problem. Everything you need is within a few blocks.
Driving
7/10
This area is close to freeways and has adequate parking options.
Transit
4/10
Frequent public transit options are within walking distance.
Points of interest for 331 Locust St, Reno
Groceries
9/10
At least one grocery store within a few minutes' walk
Shopping
5/10
Variety of shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
7/10
Variety of restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
4/10
No high schools within a 30-minute walk
Parks
7/10
Moderate amount of park space nearby
Nightlife
6/10
Variety of bars within walking distance
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