Zumper
modified
58 Minutes Ago

Highlights

  • Pet Friendly

Location

501 W 1st St, Reno, NV 89503, USA|Downtown Reno
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Contact

Management

KROMER INVESTMENTS INC.

Leasing office

(844) 278-3514 ext. 7546

Open 

Saturday 10:00 am–5:00 pm PT

Property Overview

Truckee River Terrace is rated 8.3 out of 10 by Zumper, indicating it is a strong choice for renters, with top-notch amenities (8/10) and a prime location (9/10) close to schools, transportation, and recreational options. The property excels in competitive pricing (10/10), reflecting great value for the desirable features available. Notable highlights include a newly renovated community, vibrant social life opportunities with numerous local events, and pet-friendly amenities, making it appealing for a diverse range of lifestyles.

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

8.3
Very Good
With 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.

Things you’ll love

  • Elementary school nearby
  • High school nearby
  • Middle school nearby

Great for

  • Social life
  • Pet owners

Floor plans

128R A1Studio1 bath294 sqft$770 /mo
Truckee A1Studio1 bath268 sqft$990 /mo3 units available
Truckee A2Studio1 bath317 sqft$1,010 /mo3 units available
Whitewater A1Studio1 bath339 sqft$1,020 /mo
Truckee A3Studio1 bath302 sqft$1,030 /mo3 units available
Truckee A4Studio1 bath380 sqft$1,040 /mo3 units available
Truckee A6Studio1 bath470 sqft$1,240 /mo3 units available
Truckee B21 bed1 bath470 sqft$1,140 /mo
Whitewater B11 bed1 bath585 sqft$1,270 /mo

Let's explore this property.

Amenities for Truckee River Terrace

Apartment Amenities

Utilities Included

Building

Cats OKDogs OK
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

Dog policy

Allowed 
Breed restrictionsYes
Limit2
Deposit$450
Fee$100
Monthly Rent$50

Cat policy

Allowed 
Breed restrictionsYes
Limit2
Deposit$450
Fee$100
Monthly Rent$50

Breed restrictions include:

We welcome 2 pets per apartment home. For 1 pet, the pet deposit is $350 ($250 is refundable). For 2 pets, the pet deposit is $600 ($450 is refundable). Pet rent is $25/mo per pet. There is a weight limit of 50 pounds per pet (full-grown). Please call our Leasing Office for complete Pet Policy information.

Required one-time fees

Security Deposit$500
Building details

Property details

Units210
Lease terms4–16 months
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About Truckee River Terrace

HomeApartments in RenoDowntown Reno 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 most utilities paid!


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 Good
With 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.
How we rated Truckee River Terrace
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:

Social life

  • 250 restaurants within 1 mile of this property
  • Area has 46 parks and recreation options
  • 47 local event hubs within 1 mile
  • 118 museums, art galleries, or cultural centers within 1 mile

Pet owners

  • 1 dog park within 1 mile
  • 10 pet supply stores near the property
  • 2 pet grooming services nearby
  • 2 pet hospitals in the area

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

Considerations

Lacks images
Fewer than 10 photos available for this location

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Rent trends in Downtown Reno

Studio apartments at Truckee River Terrace cost about 0% more than the average rent price for studios in Downtown Reno.

1-bedroom apartments here are priced 20% lower than 1-bedrooms in Downtown Reno.

Median rents as of Sep 27 2025.
Downtown Reno
Reno
A table of studio rental data trends in Reno
MonthMedian Rent
October 2023$1,033
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
A table of studio rental data trends in Downtown Reno
MonthMedian Rent
October 2023$1,006
November 2023$1,041
December 2023$1,073
January 2024$1,120
February 2024$1,010
March 2024$1,001
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$964

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

$40,400/yr

With your selected rent-to-income ratio, you'd ideally want to make $40,400 annually to afford this studio median monthly rent price of $1,010.
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-

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

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

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

Explore the area around 501 W 1st St

Nom Eats
148 West St
Nahar Food & Discount Liquor
600 S Virginia St
Save Mart
525 Keystone Ave
Delight Food Mart
507 E 4th St
Mila's Global Food & Gift Market
628 Mill St

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