500 University Way – photo 1
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500 University Way

📍 500 University Way, Reno, NV 89501

Monthly Rent

$1,305

Bedrooms

1 bd

Bathrooms

1 ba

Sq Feet

200 sq ft

Updated over a month ago

📋 Property Overview

500 University Way is a home in Downtown Reno, Reno, Nevada with 1 bd / 1 ba. Interior space is 200 sq ft. Monthly rent is $1,305. The unit features recently renovated and air conditioning. Pets are allowed. Leases run 12 months. Availability: Available now. With a Walk Score of 96, most errands can be done on foot. Transit Score is 63. Rent sits 33% below the area median ($1,950).

🚶 Getting Around

  • Walk Score96/100

    Walker's Paradise

  • Transit Score63/100

    Good Transit

18 transit routes nearby

  • 18Bus
1 bedroom · typical rent nearby$1,733

Market trend: Rising · as of August 2026

💵 Costs & Lease

Lease length
12 months
Units available
1 unit

Amounts are as published by the source and may change. Confirm before applying.

📐 Floor Plan Details

  • 1 Bed, 1.0 Bath1 bd · 1 ba · 200 sq ft$1,3051 unit available

🧾 Move-in Costs & Lease

Lease length
12 months
Available
Available now
Application fee
$60 per applicant, paid to RivoRent

Property amounts are as published by the source and may change. Confirm before applying. The application fee is RivoRent's own and is the same on every listing.

🛡️ Renters Insurance — Estimated Cost

Estimated range for Nevada at $20,000 – $24,999 of personal property

$15–$17/ monthEstimate — not a quote

About $180–$193 a year.

Based on what Nevada renters actually paid: NAIC industry data for 2023 (average HO-4 premium, 271,388 policy-years), adjusted to July 2026 with the U.S. Bureau of Labor Statistics tenants' insurance index. It is a market average, not a price for this building and not a price for you.

Your own price depends most on your credit-based insurance score, your claims history and which carrier you choose. In published Ohio figures the same coverage ranges from $127 a year at excellent credit to $933 at poor credit. We do not ask for any of that, so we cannot narrow this for you.

Compare what companies charge and get a real quote

🏠 Inside the Home

  • Recently renovated
  • Air conditioning

✅ Who Qualifies

Must have 3x the rent in total household income (before taxes)

🐾 Pets

Pets
Allowed

✨ Features & Details

  • Pet Friendly
  • Recently renovated
  • Air conditioning
  • 200 sq ft

📊 Property Facts

Walk Score
96 · Walker's Paradise
Transit Score
63 · Good Transit

🚗 Parking

No parking on site

🎓 Nearby Schools

  • Coral Academy Charter School Elementary · K-45/10 · 0.9 mi
  • Coral Academy Charter School Secondary · 5-128/10 · 1.0 mi
  • Mount Rose Elementary School · PK-87/10 · 1.1 mi
  • Glenn Duncan Elementary School · PK-54/10 · 1.2 mi
  • Libby C Booth Elementary School · PK-62/10 · 1.2 mi
  • Fred W Traner Middle School · 6-83/10 · 1.3 mi
  • Reno High School · 9-126/10 · 1.3 mi
  • Peavine Elementary School · PK-66/10 · 1.3 mi
  • Veterans Memorial Elementary School · PK-63/10 · 1.4 mi
  • Rainshadow Community Charter High School · 9-121/10 · 1.5 mi

🏡 Floor Plans

  • 1 Bed

    Availability: available

    $1,305

❓ Frequently Asked Questions

$1,305

per month

Available Now
1 bd
1 ba
200 sq ft

Use the buttons at the bottom of the screen to schedule a tour or apply online. Applications are reviewed within 1–3 business days.

💬 Questions about this property?

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