Zumper
modified
5+ Days Ago

Highlights

  • Open living space
  • Private bedroom
  • Laundry facility on site

Location

503 Mill St, Reno, NV 89502, USA|Downtown Reno
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Contact

Management

UW 501-503 Mill, LLC c/o Nevada Commercial Services, Inc

Leasing office

(775) 993-0943 ext. 2

Property Overview

503 Mill St presents an impressive overall rating of 9.2, indicating its strong appeal to renters. With competitive pricing and a fantastic array of amenities—including open living spaces, a private bedroom, and on-site laundry—it ranks highly in price, quality, and amenities. The property is well-located with easy access to schools, restaurants, and fitness options, while also demonstrating transparency and trustworthiness in its management practices.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

9.2
Excellent
503 Mill St is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.

Things you’ll love

  • Middle school nearby
  • Images Available
  • Laundry available on site

Great for

  • Social life
  • Wellness

Floor plans

1x11 bed1 bath522 sqft$1,125 /mo1 unit availableThis renovated one bedroom, one bath apartment is located near downtown Reno, is walking distance restaurants and downtown attractions. This great unit offers an open living space, one private bedroom and a full bath. The property offers a laundry facility on site. We offer deposit-free living to qualified renters through Obligo! We understand that moving costs can add up, so we want to extend financial flexibility to our residents. Rent: $1,125.00 Security Deposit: $1,125.00 or deposit-free with Obligo Application Fee: $35.00 Utilities: Tenants will be billed back $50.00 per month for water, sewer and trash. Gas and electricity not included. Renters insurance required. This property allows small pets with deposit and pet rent. We would love to show you this great apartment. Give us a call TODAY to schedule a tour. 775-737-7327 To submit an application, please visit our website at livereno. com properties listing mill-street-apartments **Please contact the office before submitting an application as changes are subject to occur. **Photos of a similar apartment. Listed by Kaitlin McGrane S.189278 PM.167668 Nevada Commercial Services, Inc.

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Amenities for 503 Mill St

Apartment Amenities

Air Conditioning

Appliances

RangeRefrigerator
Stove

Building

Laundry Room On-siteOnsite Laundry
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
Building details

Property details

Units18
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About 503 Mill St

HomeApartments in RenoDowntown Reno 503 Mill St

This renovated one bedroom, one bath apartment is located near downtown Reno, is walking distance restaurants and downtown attractions. This great unit offers an open living space, one private bedroom and a full bath. The property offers a laundry facility on site. We offer deposit-free living to qualified renters through Obligo! We understand that moving costs can add up, so we want to extend financial flexibility to our residents. Rent: $1,125.00 Security Deposit: $1,125.00 or deposit-free with Obligo Application Fee: $35.00 Utilities: Tenants will be billed back $50.00 per month for water, sewer and trash. Gas and electricity not included. Renters insurance required. This property allows small pets with deposit and pet rent. We would love to show you this great apartment. Give us a call TODAY to schedule a tour. 775-737-7327 To submit an application, please visit our website at livereno. com properties listing mill-street-apartments **Please contact the office before submitting an application as changes are subject to occur. **Photos of a similar apartment. Listed by Kaitlin McGrane S.189278 PM.167668 Nevada Commercial Services, Inc.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.2
/10
Excellent
503 Mill St is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.
How we rated 503 Mill St
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
503 Mill St offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
503 Mill St goes above and beyond to provide sought-after conveniences and desirable perks, including laundry room on-site. Renters looking for popular or luxurious features will find them here—and for that reason, 503 Mill St receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
503 Mill St is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
503 Mill St has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

503 Mill St is great for:

Social life

  • 306 restaurants within 1 mile of this property
  • A bustling neighborhood
  • 364 mixed-use spaces nearby
  • 39 local event hubs within 1 mile

Wellness

  • HVAC systems available onsite
  • 45 parks nearby
  • 60 gyms or yoga centers nearby
  • 30 sports facilities (like tennis courts) nearby

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 503 Mill St compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 1 mile away
Images Available
There are at least 10 photos of this address
Laundry available on site
Washers and dryers are available in-building or in-unit

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1 mile away

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Rent trends in Downtown Reno

1-bedroom apartments at 503 Mill St cost about 22% less than the average rent price for 1-bedroom apartments in Downtown Reno.

Median rents as of Mar 14 2026.
Downtown Reno
Reno
A table of studio rental data trends in Reno
MonthMedian Rent
March 2024$1,050
April 2024$1,057
May 2024$1,055
June 2024$1,066
July 2024$1,087
August 2024$1,147
September 2024$1,339
October 2024$1,080
November 2024$1,075
December 2024$1,073
January 2025$1,050
February 2025$1,000
March 2025$1,010
April 2025$998
May 2025$1,010
June 2025$984
July 2025$996
August 2025$999
September 2025$1,004
October 2025$999
November 2025$1,025
December 2025$1,006
January 2026$997
February 2026$1,018
March 2026$1,012
A table of studio rental data trends in Downtown Reno
MonthMedian Rent
March 2024$1,000
April 2024$1,000
May 2024$998
June 2024$1,021
July 2024$1,253
August 2024$1,028
September 2024$996
October 2024$959
November 2024$900
December 2024$899
January 2025$861
February 2025$850
March 2025$843
April 2025$796
May 2025$968
June 2025$937
July 2025$972
August 2025$970
September 2025$968
October 2025$1,019
November 2025$1,050
December 2025$1,037
January 2026$1,034
February 2026$1,040
March 2026$1,050

Affordability calculator

Can I afford to live at 503 Mill St?

Bedrooms

1 bedroom

Rent-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

$45,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $45,000 annually to afford this 1-bedroom monthly rent price of $1,125.
For more information on rent affordability, visit our rent calculator.

Schools near 503 Mill 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

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

Marvin Picollo School

900 foothill rd

reno, NV, 89511

PK, K-12Public
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Internet available near 503 Mill St

Getting around Reno near 503 Mill 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.

Cycling

8/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.

Transit

5/10
Frequent public transit options are within walking distance.

Points of interest for 503 Mill St, Reno

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

6/10
Variety of shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

7/10
Variety of restaurants within walking distance

Primary schools

6/10
At least one elementary school within a 20-minute walk

High schools

3/10
No high schools within a 30-minute walk

Parks

7/10
Moderate amount of park space nearby

Nightlife

9/10
Variety of bars within a few minutes' walk

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