Updated 5+ Days Ago
Highlights
- Air conditioning
- Conveniently located
- Low-maintenance living
- Convenient location
- Updated bathroom
- Cozy home
Location
500 University Way, Reno, NV 89501, USA|Downtown Reno
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Property Overview
Conveniently located and air-conditioned, the home offers low-maintenance living, an updated bathroom, and a cozy feel. Nearby schools, strong value for money, walkable access, public transit, parks, gyms, wellness centers, and a wide range of restaurants add to its appeal, with the area also supporting fitness, sustainability, and an active social scene.
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
Less expensive- Middle school nearby
Great for
Social life
Wellness
Eco living
Amenities for 500 University Way, Downtown Reno
Apartment Amenities
| Air Conditioning | Wall Furnace |
| Wall/Window Units | Window Units |
Other
| View Type: City |
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
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
About 500 University Way
Property Status: Active Charming & Updated 1-Bedroom Apartment for Rent - 500 University Dr. Reno Enjoy comfortable, low-maintenance living in this clean and well-maintained 1-bedroom, 1-bath apartment conveniently located near the University of Nevada, Reno, downtown, shopping, dining, and public transportation. This inviting unit features a functional kitchenette area, an updated bathroom, air conditioning for year-round comfort, and a private mailbox. The thoughtfully designed layout offers everything you need in a cozy, easy-to-maintain home. Property Features: 1 Bedroom / 1 Updated Bathroom Kitchenette with functional prep space Air Conditioning Private Mailbox Clean, well-maintained interior Convenient location near UNR, downtown Reno, restaurants, and shopping Perfect for students, professionals, or anyone looking for an affordable and conveniently located place to make their home. Office Phone: (888) 881-4118 Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 500 University Way compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 0.2 miles away
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 0.4 miles away
- Distance from transit
- More than 3.1 miles from public transportation
- Greater distance from high schools
- The nearest high school is farther than 0.7 miles away
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
- No in-unit dishwasher
- Dishwashers aren't available
Address details
| Neighborhood | Downtown Reno |
|---|---|
| Zip code | 89501 |
| Type | Apartment for rent |
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Rent trends in Downtown Reno
1-bedroom apartments at 500 University Way cost about the same as the average rent price for 1-bedroom apartments in Reno.
Median rents as of Oct 17 2026.
Downtown Reno
Reno
| Month | Median Rent |
|---|---|
| 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 | $1,293 |
| December 2025 | $1,299 |
| January 2026 | $1,308 |
| February 2026 | $1,333 |
| March 2026 | $1,346 |
| April 2026 | $1,362 |
| May 2026 | $1,339 |
| June 2026 | $1,305 |
| July 2026 | $1,337 |
| August 2026 | $1,350 |
| September 2026 | $1,387 |
| October 2026 | $1,396 |
| Month | Median Rent |
|---|---|
| November 2024 | $1,453 |
| December 2024 | $1,394 |
| January 2025 | $1,309 |
| February 2025 | $1,325 |
| March 2025 | $1,527 |
| April 2025 | $1,595 |
| May 2025 | $1,561 |
| June 2025 | $1,528 |
| July 2025 | $1,529 |
| August 2025 | $1,478 |
| September 2025 | $1,519 |
| October 2025 | $1,506 |
| November 2025 | $1,502 |
| December 2025 | $1,510 |
| January 2026 | $1,554 |
| February 2026 | $1,547 |
| March 2026 | $1,483 |
| April 2026 | $1,587 |
| May 2026 | $1,448 |
| June 2026 | $1,389 |
| July 2026 | $1,442 |
| August 2026 | $1,482 |
| September 2026 | $1,472 |
| October 2026 | $1,444 |
Affordability calculator
Can I afford to live at 500 University Way?
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
$58,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $58,000 annually to afford this 1-bedroom monthly rent price of $1,450.
For more information on rent affordability, visit our rent calculator.
Schools near 500 University Way
Mount Rose K-8 School of Languages
915 lander st
reno, NV, 89509
PK, K-8Public
A-
Turning Point
350 hunter lake dr
reno, NV, 89509
1-12Public
CHILD FIND
240 s rock blvd ste 101
reno, NV, 89502
PKPublic
North Star Online School
5450 riggins courst ste #6
reno, NV, 89502
K-12Public
B
John Bohach Elementary School
1100 windmill farms pkwy
sparks, NV, 89436
K-5Public
A-
Getting around Reno near 500 University Way
Walking
8/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
6/10
Popular public transit options are just a short walk from this location.
Points of interest for 500 University Way, Reno
Groceries
9/10
Wide variety of groceries within a few minutes' walk
Shopping
7/10
Wide variety of shops within a short drive, including some within walking distance
Cafes
9/10
Exceptional variety of cafés within a few minutes’ walk
Restaurants
9/10
Wide variety of restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
10/10
Exceptional variety of bars right within a few minutes’ walk
Explore the area around 500 University Way
Nom Eats
148 West St
BB Food & Discount Liquor
640 Kuenzli St
Mila's Global Food & Gift Market
628 Mill St
Save Mart
525 Keystone Ave
Valley Market & Liquor
505 Denslowe Dr
Boutique
407 N Virginia St
Pig & Wolf Apparel
407 N Virginia St
Swarovski
345 N Virginia St
Shim's Surplus Supplies Speakeasy
125 W 3rd St
Catholic Community Service Nevada
500 E 4th St
Starbucks
407 N Virginia St
Sips Coffee and Tea-Circus Circus
500 N Sierra St
SIPS Coffee and Tea
407 N Virginia St
Eldorado Coffee Company
345 N Virginia St
Starbucks
345 N Virginia St
Rum Bullions Island Bar
407 N Virginia St
Aura Ultra Lounge
407 N Virginia St
El Jefe's Cantina at Circus Circus at the Row
500 N Sierra St
Davidsons Distillery
275 E 4th St
The Comedy Bar
407 N Virginia St
Eldorado Coffee Company
345 N Virginia St
Rounds Bakery
595 Valley Rd
A Bakery Built For Two
Pine State Biscuits
200 S Center St
My Favorite Muffin
340 California Ave
Garden
Evans Park
City Plaza
9th Street Park
Eighth Street Park
Taqueria Los Gallos
440 N Virginia St
Rum Bullions Island Bar
407 N Virginia St
Silver Legacy Resort Casino
407 N Virginia St
El Jefe's Cantina at Circus Circus at the Row
500 N Sierra St
Davidsons Distillery
275 E 4th St
North Virginia Street and 5th Street
RTC RAPID - Virginia Line (Virginia St.)
North Virginia Street and 5th Street
RTC RAPID - Virginia Line (Virginia St.)
Lake Street and E 6th Street
Sun Valley via Sutro / Wedekind, TMCC via Sutro / Clear Acre
4th St Station
RTC RAPID - Virginia Line (Virginia St.), Fourth / Prater, RTC RAPID - Lincoln Line (4th & Prater), South Virginia, Stead, Terminal / Neil, Ninth / Silverada / Sparks, Sun Valley via Sutro / Wedekind, East Mill, Glendale / Greg, TMCC via Sutro / Clear Acre, VA Hospital / Grove, Idlewild, West Seventh, Arlington / Moana, RTC REGIONAL CONNECTOR - Carson Express
E 6th Street and Evans Avenue
Ninth / Silverada / Sparks
Reno
California Zephyr
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