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Location

340 Cheney St, Reno, NV 89502, USA|Wells Avenue Neighborhood
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Contact

Management

THE GANDOLFO TEAM AT CLARK REAL ESTATE- LACIE CARL

Leasing office

(775) 828-3355

Property Overview

340 Cheney St. presents an impressive opportunity for renters with an overall Zumper expert rating of 8.4 out of 10, driven by its excellent location rating of 9, which ensures easy access to amenities and entertainment. Newly renovated, the property features an array of sought-after amenities and is competitively priced, earning an 8 out of 10 for value. Ideal for those seeking a vibrant lifestyle, it is situated in a bustling neighborhood with numerous dining, fitness, and leisure options nearby, enhancing the overall living experience.

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

8.4
Very Good
With a solid 8.4 out of 10 overall, 340 Cheney St. is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 340 Cheney St. has a number of attractive features—namely its Location— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive

Great for

  • Wellness
  • Social life

Floor plans

1BR/1.0BA1 bed1 bath526 sqft$925 /mo1 unit availableBrand-New Midtown 1 Bed / 1 Bath Apartment Location: Heart of Reno’s desirable Midtown District For Showings: Click Here Apply Online: Click Here This completely remodeled apartment is ready for its first tenant! Every detail has been updated from top to bottom—brand new bathroom, new hardwood flooring, modern finishes, and upgraded heating/air conditioning for year-round comfort. Property Highlights: 1 Bedroom / 1 Bathroom Newly renovated throughout Brand new AC & heating Stylish hardwood floors Modern kitchen & bathroom finishes Rental Terms: Rent: $925/month Deposit: $1,200 Application Fee: $30 Utilities: Tenant pays gas, electric, water, and trash Neighborhood Perks: Enjoy living in Midtown, walking distance to local markets, coffee shops, and dining favorites like Walden’s Coffeehouse and Paleteria Morelia. Nearby schools and several parks—including Wingfield and Riverside—make this a convenient and vibrant place to call home. Clark Real Estate | 775.828.3355 Don’t wait—this unit won’t last long!

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Amenities for 340 Cheney St.

Appliances

Fridge & Stove

Building

Sewer
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

Building details

Property details

Units8
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About 340 Cheney St.

HomeApartments in RenoWells Avenue Neighborhood 340 Cheney St.

Brand-New Midtown 1 Bed / 1 Bath Apartment Location: Heart of Reno’s desirable Midtown District For Showings: Click Here Apply Online: Click Here This completely remodeled apartment is ready for its first tenant! Every detail has been updated from top to bottom—brand new bathroom, new hardwood flooring, modern finishes, and upgraded heating/air conditioning for year-round comfort. Property Highlights: 1 Bedroom / 1 Bathroom Newly renovated throughout Brand new AC & heating Stylish hardwood floors Modern kitchen & bathroom finishes Rental Terms: Rent: $925/month Deposit: $1,200 Application Fee: $30 Utilities: Tenant pays gas, electric, water, and trash Neighborhood Perks: Enjoy living in Midtown, walking distance to local markets, coffee shops, and dining favorites like Walden’s Coffeehouse and Paleteria Morelia. Nearby schools and several parks—including Wingfield and Riverside—make this a convenient and vibrant place to call home. Clark Real Estate | 775.828.3355 Don’t wait—this unit won’t last long!


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.
8.4
/10
Very Good
With a solid 8.4 out of 10 overall, 340 Cheney St. is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 340 Cheney St. has a number of attractive features—namely its Location— so you can be assured your rent will come with a high standard of living.
How we rated 340 Cheney St.
Price·8A 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.
Scoring a 8/10, 340 Cheney St. is a great option for renters looking for apartments in Wells Avenue Neighborhood. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·8A 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.
With multiple in-demand amenities, 340 Cheney St. is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
340 Cheney 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.
340 Cheney 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.

340 Cheney St. is great for:

Wellness

  • HVAC systems available onsite
  • 22 health/wellness centers nearby
  • There are 32 grocery stores within 1 mile
  • 19 sports facilities (like tennis courts) nearby

Social life

  • 308 restaurants within 1 mile of this property
  • A bustling neighborhood
  • 387 mixed-use spaces nearby
  • 45 theaters, music venues, or sports arenas 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 340 Cheney St. compares to other nearby properties.

Positives

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby

Considerations

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

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Rent trends in Wells Avenue Neighborhood

1-bedroom apartments at 340 Cheney St. cost about 26% less than the average rent price for 1-bedroom apartments in Wells Avenue Neighborhood.

Median rents as of Oct 18 2025.
Wells Avenue Neighborhood
Reno
A table of studio rental data trends in Reno
MonthMedian Rent
November 2023$1,057
December 2023$1,037
January 2024$1,036
February 2024$1,012
March 2024$1,041
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$1,001
A table of studio rental data trends in Wells Avenue Neighborhood
MonthMedian Rent
November 2023$1,046
December 2023$1,045
January 2024$1,012
February 2024$1,062
March 2024$1,079
April 2024$1,018
May 2024$925
June 2024$1,050
September 2024$1,055
October 2024$1,042
March 2025$1,107
April 2025$1,118
May 2025$1,136
July 2025$950
August 2025$1,047
September 2025$1,145
October 2025$1,155

Affordability calculator

Can I afford to live at 340 Cheney 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

$37,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $37,000 annually to afford this 1-bedroom monthly rent price of $925.
For more information on rent affordability, visit our rent calculator.

Schools near 340 Cheney 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 340 Cheney St.

Getting around Reno near 340 Cheney St

Walking

8/10
No car? No problem. Everything you need is within a few blocks.

Driving

6/10
This area is accessible to thoroughfares and has ample parking options.

Cycling

6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 340 Cheney St, Reno

Groceries

9/10
At least one supermarket within a 10-minute walk

Shopping

6/10
Several shops within walking distance

Cafes

6/10
Several cafés within a few minutes’ walk

Restaurants

8/10
Variety of restaurants within a few minutes' walk

Primary schools

8/10
At least one elementary school within a 15-minute walk

High schools

5/10
At least one high school within a 20-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

8/10
Wide variety of bars within a few minutes' walk

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