1 Hour Ago
Location
501 W 1st St, Reno, NV 89503, USA|Downtown Reno
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KROMER INVESTMENTS INC.
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Property Overview
Truckee River Terrace offers strong value with a high expert rating, competitive pricing, and a newly renovated community that adds appeal. It stands out for convenient access to nearby schools, parks, restaurants, fitness and wellness options, and local event hubs, while the property photos help give renters a clearer sense of what to expect.
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.
Things you’ll love
Elementary school nearby- High school nearby
- Middle school nearby
Great for
Social life
Wellness
Floor plans
| 128R A1 | Studio | 1 bath | 294 sqft | $770 /mo | |||
| 150R - Studio | Studio | 1 bath | 495 sqft | $795 /mo | |||
| Truckee A1 | Studio | 1 bath | 268 sqft | $890 /mo | 1 unit available | ||
| Truckee A2 | Studio | 1 bath | 317 sqft | $910 /mo | 1 unit available | ||
| Whitewater A1 | Studio | 1 bath | 339 sqft | $910 /mo | 1 unit available | ||
| Truckee A3 | Studio | 1 bath | 302 sqft | $930 /mo | 1 unit available | ||
| Truckee A4 | Studio | 1 bath | 380 sqft | $1,050 /mo | |||
| Truckee A6 | Studio | 1 bath | 470 sqft | $1,110 /mo | |||
| 150R - Studio | 1 bed | 1 bath | 600 sqft | $825 /mo | |||
| Whitewater B1 | 1 bed | 1 bath | 585 sqft | $1,160 /mo | 1 unit available | ||
| Truckee B2 | 1 bed | 1 bath | 470 sqft | $1,250 /mo |
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Policies and fees
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Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time.
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Building details
Property details
| Units | 221 |
|---|---|
| Lease terms | 4–16 months |
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About Truckee River Terrace
Live alongside the beautiful Truckee River, located in the heart of Downtown Reno. Truckee River Terrace is the ideal location within walking distance of shopping, theaters, and restaurants. We are proud to offer our newly renovated community with all the comforts and conveniences you deserve. Enjoy a stroll downtown, a jog along the river, or experience the Truckee River White Water Park at Wingfield. You’re only a short walk away from all the excitement Reno has to offer. Whether it be one of the many events held on Virginia St., or just enjoying the many local businesses that encompass Midtown. Enjoy the convenience of living downtown!
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.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, Truckee River Terrace is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Truckee River Terrace 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.
Truckee River Terrace 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, Truckee River Terrace 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.
Truckee River Terrace 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 Truckee River Terrace does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A 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.
Truckee River Terrace provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Truckee River Terrace is great for:
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 Truckee River Terrace compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.2 mile away
- High school nearby
- There is a high school 0.2 mile away
- Middle school nearby
- There is a middle school 0.5 mile away
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Less expensive
- Studio units are cheaper than other similar listings nearby
- Images Available
- There are at least 10 photos of this address
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Rent trends in Downtown Reno
Studio apartments at Truckee River Terrace cost about 10% less than the average rent price for studios in Downtown Reno.
1-bedroom apartments here are priced 23% lower than 1-bedrooms in Downtown Reno.
Median rents as of Jul 4 2026.
Downtown Reno
Reno
| Month | Median Rent |
|---|---|
| July 2024 | $1,075 |
| 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 | $1,011 |
| April 2026 | $1,031 |
| May 2026 | $1,055 |
| June 2026 | $1,067 |
| July 2026 | $1,075 |
| Month | Median Rent |
|---|---|
| July 2024 | $1,272 |
| 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 | $1,044 |
| April 2026 | $1,032 |
| May 2026 | $1,073 |
| June 2026 | $1,039 |
| July 2026 | $1,019 |
Affordability calculator
Can I afford to live at 501 W 1st St?
Bedrooms
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
$35,600/yr
With your selected rent-to-income ratio, you'd ideally want to make $35,600 annually to afford this studio median monthly rent price of $890.
For more information on rent affordability, visit our rent calculator.
Schools near Truckee River Terrace
Turning Point
350 hunter lake dr
reno, NV, 89509
1-12Public
Hunter Lake Elementary School
909 hunter lake dr
reno, NV, 89509
PK, K-6Public
A-
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 Truckee River Terrace
Neighborhood
Downtown Reno | Reno, NV
Getting around Reno near 501 W 1st St
Walking
8/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
4/10
There are a few mass transit options within the area.
Points of interest for 501 W 1st 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
10/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Parks
9/10
Large amount of park space nearby
Nightlife
8/10
Variety of bars within a few minutes' walk
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