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modified
Updated 17 Hours Ago

Highlights

  • In-unit laundry
  • On-site parking
  • High speed internet
  • Private bedroom
  • Utilities included
  • Private bathroom

Location

400 University Ter, Reno, NV 89503, USA|Downtown Reno
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Contact

Management

Nevada Properties

Leasing office

(775) 427-7025

Property Overview

The 400 @ University Terrace is a well-rated option with strong value, a high amenity score, and a convenient location, supported by transparent property details. It offers in-unit laundry, on-site parking, high-speed internet, private bedroom and bathroom, and utilities included, while nearby walking access, public transit, parks, restaurants, and recycling or composting options add to its appeal.

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

8.0
Very Good
With a solid 8 out of 10 overall, The 400 @ University Terrace is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The 400 @ University Terrace has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • Middle school nearby
  • Dishwasher

Great for

  • Social life
  • Eco living

Floor plans

1BR/1.0BA1 bed1 bath$850 /mo1 unit availableCopilot said:

Let's explore this property.

Amenities for The 400 @ University Terrace

Apartment Amenities

Gas

Appliances

Built-in MicrowaveDishwasher
ElectricMicrowave
Refrigerator, Dishwasher & Range

Other

Water, Trash, & 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

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units13
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About The 400 @ University Terrace

HomeApartments in RenoDowntown Reno The 400 @ University Terrace

Copilot said:


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.
8.0
/10
Very Good
With a solid 8 out of 10 overall, The 400 @ University Terrace is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The 400 @ University Terrace has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated The 400 @ University Terrace
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, The 400 @ University Terrace is a great option for renters looking for apartments in Downtown Reno. 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·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.
The 400 @ University Terrace goes above and beyond to provide sought-after conveniences and desirable perks, including gas. Renters looking for popular or luxurious features will find them here—and for that reason, The 400 @ University Terrace 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.
The 400 @ University 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 The 400 @ University 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·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.

The 400 @ University Terrace is great for:

Social life

  • Areas nearby are accessible by walking
  • 220 restaurants within 1 mile of this property
  • Area has 52 parks and recreation options
  • A bustling neighborhood

Eco living

  • 52 parks within a mile
  • You can get around by foot in this area
  • Public transit available nearby
  • On-site recycling or composting options

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 The 400 @ University Terrace compares to other nearby properties.

Positives

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
Middle school nearby
There is a middle school 1 mile away
Dishwasher
Dishwasher available in kitchen
Images Available
There are at least 10 photos of this address

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 The 400 @ University Terrace cost about 43% less than the average rent price for 1-bedroom apartments in Downtown Reno.

Median rents as of Aug 1 2026.
Downtown Reno
Reno
A table of studio rental data trends in Reno
MonthMedian Rent
August 2024$1,232
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$1,059
August 2026$1,050
A table of studio rental data trends in Downtown Reno
MonthMedian Rent
August 2024$1,000
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$1,030
August 2026$1,058

Affordability calculator

Can I afford to live at 400 University Ter?

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

$34,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $34,000 annually to afford this 1-bedroom monthly rent price of $850.
For more information on rent affordability, visit our rent calculator.

Schools near The 400 @ University Terrace

Elmcrest Elementary School

855 mcdonald dr

reno, NV, 89503

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

John Bohach Elementary School

1100 windmill farms pkwy

sparks, NV, 89436

K-5Public
A-
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Internet available near The 400 @ University Terrace

Getting around Reno near 400 University Ter

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

8/10
This area is close to freeways and has adequate parking options.

Cycling

6/10
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 400 University Ter, Reno

Groceries

7/10
At least one supermarket within a 15-minute walk

Shopping

5/10
Several shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

7/10
Variety of restaurants within a few minutes' walk

Primary schools

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

High schools

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

Parks

8/10
Large amount of park space nearby

Nightlife

6/10
Several bars within a few minutes’ walk

Explore the area around 400 University Ter

Nom Eats
148 West St
Raley's
701 Keystone Ave
Save Mart
525 Keystone Ave
Delight Food Mart
507 E 4th St
BB Food & Discount Liquor
640 Kuenzli St

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