1 Day Ago
Location
342 S Water St, Henderson, NV 89015, USA|Townsite
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Property Overview
Water 342 has received a favorable Zumper Expert Rating, reflecting its overall appeal and quality. Key advantages include modern amenities and the addition of luxury vinyl flooring, which enhances the aesthetic and durability of the space. This property is positioned well for individuals seeking contemporary living with attractive features.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
High school nearby- Elementary school nearby
- Middle school nearby
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 650 sqft | $1,295 /mo | 1 unit available | Welcome home to this stylish 1-bedroom condo offering comfort, convenience, and modern finishes. Enjoy luxury vinyl flooring throughout, creating a sleek, low-maintenance living space. The thoughtfully maintained desert-landscaped courtyard provides a serene outdoor setting, while included parking adds everyday convenience. Ideally located with easy access to public transportation, commuting and city living are effortless. This inviting condo is perfect for anyone seeking a well-appointed home in a connected location. NON-REFUNDABLE app fee per person and ALL ADULTS MUST APPLY. If the application is incomplete, this will cause delay in processing. *Separate $150 ADMIN FEE IS COLLECTED, IF APPROVED. Pet rent/deposits are per pet. Optional* Faranesh Real Estate and Property Management residents can enroll in the Resident Benefits Package for $45 per month. Residents have the option to opt out with proof of their own renters insurance. The package includes renters insurance, mailed HVAC filters, credit reporting, and other helpful resident services. |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 6 |
|---|
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About Water 342
Welcome home to this stylish 1-bedroom condo offering comfort, convenience, and modern finishes. Enjoy luxury vinyl flooring throughout, creating a sleek, low-maintenance living space. The thoughtfully maintained desert-landscaped courtyard provides a serene outdoor setting, while included parking adds everyday convenience. Ideally located with easy access to public transportation, commuting and city living are effortless. This inviting condo is perfect for anyone seeking a well-appointed home in a connected location. NON-REFUNDABLE app fee per person and ALL ADULTS MUST APPLY. If the application is incomplete, this will cause delay in processing. *Separate $150 ADMIN FEE IS COLLECTED, IF APPROVED. Pet rent/deposits are per pet. Optional* Faranesh Real Estate and Property Management residents can enroll in the Resident Benefits Package for $45 per month. Residents have the option to opt out with proof of their own renters insurance. The package includes renters insurance, mailed HVAC filters, credit reporting, and other helpful resident services.
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 GoodWith a solid 8.4 out of 10 overall, Water 342 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Water 342 has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
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.
Water 342 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·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, Water 342 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.
Water 342 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·6A 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.
While Water 342 does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
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.
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 Water 342 compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.1 mile away
- Elementary school nearby
- There is an elementary school 0.1 mile away
- Middle school nearby
- There is a middle school 1 mile away
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Rent trends in Townsite
1-bedroom apartments at Water 342 cost about 45% more than the average rent price for 1-bedroom apartments in Townsite.
Median rents as of Jan 31 2026.
Townsite
Henderson
| Month | Median Rent |
|---|---|
| February 2024 | $1,495 |
| March 2024 | $1,503 |
| April 2024 | $1,543 |
| May 2024 | $1,553 |
| June 2024 | $1,553 |
| July 2024 | $1,496 |
| August 2024 | $1,484 |
| September 2024 | $1,483 |
| October 2024 | $1,476 |
| November 2024 | $1,481 |
| December 2024 | $1,502 |
| January 2025 | $1,533 |
| February 2025 | $1,520 |
| March 2025 | $1,536 |
| April 2025 | $1,530 |
| May 2025 | $1,577 |
| June 2025 | $1,573 |
| July 2025 | $1,554 |
| August 2025 | $1,450 |
| September 2025 | $1,423 |
| October 2025 | $1,427 |
| November 2025 | $1,422 |
| December 2025 | $1,408 |
| January 2026 | $1,400 |
| Month | Median Rent |
|---|---|
| February 2024 | $1,103 |
| March 2024 | $1,101 |
| July 2024 | $975 |
| August 2024 | $1,137 |
| February 2025 | $850 |
| March 2025 | $900 |
| June 2025 | $1,095 |
| July 2025 | $895 |
Affordability calculator
Can I afford to live at 342 S Water 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
$51,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $51,800 annually to afford this 1-bedroom monthly rent price of $1,295.
For more information on rent affordability, visit our rent calculator.
Schools near Water 342
John F. Miller School
3840 pecos mcleod interconnect
las vegas, NV, 89121
PK, K-12Public
Early Childhood Program
3656 s pecos-mcleod interconn
las vegas, NV, 89121
PK, KPublic
B
Helen J. Stewart School
2375 e viking
las vegas, NV, 89169
PK, K-12Public
Variety Elementary School
2800 e stewart ave
las vegas, NV, 89101
PK, K-5Public
C-
West Prepatory Academy - Primary School
1950 pink rose st
las vegas, NV, 89106
PK, K-5Public
C
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Internet available near Water 342
Neighborhood
Townsite | Henderson, NV
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Henderson near 342 S Water St
Walking
5/10
Some shops and stores are within a few minutes.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
4/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 342 S Water St, Henderson
Groceries
8/10
At least one supermarket within a 15-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
3/10
Some bars within walking distance
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