Homes for sale under $500k in Reno, NV

329 homes

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ABOUT THIS HOME
Homes for sale under $500k in Reno, NV
Step into this newly remodeled gem on Peppermint Drive! With 3 cozy bedrooms and 2.5 sparkling baths, this home boasts LVP flooring and fresh carpet underfoot. Enjoy mountain views through the primary bedroom slider, and whip up culinary delights in a kitchen you can call your own!

$360,000

3 beds2 baths1,080 sq ft

6790 Peppermint Dr, Reno, NV 89506

Kitchen • Lvp flooring • Fresh carpet

ABOUT THIS HOME
Homes for sale under $500k in Reno, NV
Reno's North-Great opportunity for first time Buyers or Investor! Cute-3Bed, 1bath room with large covered patio with included 275 Sqft. garage has been converted as of room. Home is being "Sold as is" . This Property currently occupied by the tenant, property -leased for two year rent (Leases negotiable to-be move out). Close to Shopping, Freeway, School, and University of Nevada, Reno.

$360,000

3 beds1 bath853 sq ft

540 Cranleigh Dr, Reno, NV 89512

Close to school • Converted garage • Large covered patio

ABOUT THIS HOME
Homes for sale under $500k in Reno, NV
Investor special in an Opportunity Zone! Zoned MD-ID with potential for rezoning and ability to split into a duplex. Buyers and buyer's agent to verify all information. Property offers excellent upside with multiple strategies—rehab and hold, redevelop, or reposition for cash flow. Prime central location near downtown, schools, and amenities. Needs some TLC but has great bones and flexibility for an investor or developer. Don't miss this chance to secure a property with strong future potential in a growth area! Great location for University of Reno Rental.

$360,000

3 beds2 baths775 sq ft

440 E 7th St, Reno, NV 89512

Near schools • Central location • Near downtown

ABOUT THIS HOME
Homes for sale under $500k in Reno, NV
Downtown Reno condo with quality craftsmanship & panoramic views experience upscale urban living in this beautifully remodeled one-bedroom condo in Arlington Towers, ideally located in the heart of Downtown Reno. Step inside to discover true real wood cabinetry, brand-new appliances, and a chef-inspired kitchen featuring a farmhouse sink, full-size refrigerator, and conventional cooktop and oven. The bright, open floor plan feels unusually spacious for a one-bedroom—perfect for entertaining or relaxing in style. This modern remodel is move-in ready yet ideally positioned for your personal finishing touches. Thoughtful design provides ample closet and storage space, enjoy a new b

$360,000

1 bed1 bath626 sq ft

100 N Arlington Ave Unit 7I, Reno, NV 89501

Real wood cabinetry • Outdoor seating • Panoramic views

ABOUT THIS HOME
Homes for sale under $500k in Reno, NV
Here's your chance to snag a North Valleys property with tons of potential! Sitting on a generous lot with RV access and a beautiful mature tree, this home offers plenty of outdoor space and character. Perfect for a buyer with vision who isn't afraid to roll up their sleeves and bring it back to life. A great opportunity for cash, conventional, or 1031 exchange buyers looking for a solid investment or project property. Sold as-is.

$360,000

3 beds2 baths1,008 sq ft

10070 Obsidian Dr, Reno, NV 89506

Generous lot • Rv access • Outdoor space

Property at 1885 Castle Way, Reno, NV 89512, 4 beds, 2 baths

$359,900

4 beds2 baths1,610 sq ft

1885 Castle Way, Reno, NV 89512

Property at 17605 W Aspen, Reno, NV 89508, 3 beds, 3 baths

$357,000

3 beds3 baths1,680 sq ft

17605 W Aspen, Reno, NV 89508

Property at 1325 Jones St, Reno, NV 89503, 2 beds, 2.5 baths

$355,000

2 beds2.5 baths1,857 sq ft

1325 Jones St, Reno, NV 89503

Property at 100 N Arlington Ave Unit 17G, Reno, NV 89501, 1 bed, 1.5 baths

$350,000

1 bed1.5 baths674 sq ft

100 N Arlington Ave Unit 17G, Reno, NV 89501

Property at 12085 Albert Way, Reno, NV 89506, 2 beds, 2 baths

$350,000

2 beds2 baths1,536 sq ft

12085 Albert Way, Reno, NV 89506

Property at 1640 Combination Rd, Reno, NV 89521

$349,000

— beds— baths2,448 sq ft

1640 Combination Rd, Reno, NV 89521

Property at 17710 Fairfax Ct, Reno, NV 89508, 3 beds, 2.5 baths

$347,800

3 beds2.5 baths1,624 sq ft

17710 Fairfax Ct, Reno, NV 89508

Property at 2135 Barberry Way, Reno, NV 89512, 3 beds, 2 baths

$345,000

3 beds2 baths1,056 sq ft

2135 Barberry Way, Reno, NV 89512

Property at 13790 Mount Babcock St, Reno, NV 89506, 3 beds, 2 baths

$344,000

3 beds2 baths1,200 sq ft

13790 Mount Babcock St, Reno, NV 89506

Property at 255 Zircon Dr, Reno, NV 89521, 3 beds, 2.5 baths

$340,000

3 beds2.5 baths1,536 sq ft

255 Zircon Dr, Reno, NV 89521

Property at 12322 Rocky Mountain St, Reno, NV 89506, 3 beds, 1 bath

$339,000

3 beds1 bath1,192 sq ft

12322 Rocky Mountain St, Reno, NV 89506

Property at 9248 Running Dog Cir, Reno, NV 89506, 2 beds, 1.5 baths

$335,000

2 beds1.5 baths1,120 sq ft

9248 Running Dog Cir, Reno, NV 89506

Property at 6850 Sharlands Ave #1095, Reno, NV 89523, 3 beds, 2 baths

$335,000

3 beds2 baths1,114 sq ft

6850 Sharlands Ave #1095, Reno, NV 89523

Property at 255 N Sierra St Unit 1908, Reno, NV 89501, 1 bed, 1 bath

$330,000

1 bed1 bath805 sq ft

255 N Sierra St Unit 1908, Reno, NV 89501

Property at 3031 Cashill Blvd, Reno, NV 89509, 2 beds, 2 baths

$330,000

2 beds2 baths1,036 sq ft

3031 Cashill Blvd, Reno, NV 89509

Property at 210 Magnolia Way, Reno, NV 89506, 4 beds, 2 baths

$329,900

4 beds2 baths1,400 sq ft

210 Magnolia Way, Reno, NV 89506

Property at 450 N Arlington #1403, Reno, NV 89503, 2 beds, 2 baths

$325,000

2 beds2 baths1,241 sq ft

450 N Arlington #1403, Reno, NV 89503

Property at 255 N Sierra St #606, Reno, NV 89501, 1 bed, 1 bath

$320,000

1 bed1 bath967 sq ft

255 N Sierra St #606, Reno, NV 89501

Property at 12123 Andes St, Reno, NV 89506, 3 beds, 1 bath

$319,000

3 beds1 bath1,192 sq ft

12123 Andes St, Reno, NV 89506

Property at 12100 Himalaya St, Reno, NV 89506, 2 beds, 1 bath

$318,500

2 beds1 bath988 sq ft

12100 Himalaya St, Reno, NV 89506

Property at 12190 Rocky Mountain St, Reno, NV 89506, 2 beds, 1 bath

$317,000

2 beds1 bath988 sq ft

12190 Rocky Mountain St, Reno, NV 89506

Property at 3855 Sandpiper Dr, Reno, NV 89508, 3 beds, 1 bath

$314,900

3 beds1 bath1,056 sq ft

3855 Sandpiper Dr, Reno, NV 89508

Property at 385 Smithridge Park, Reno, NV 89502, 2 beds, 1.5 baths

$314,900

2 beds1.5 baths1,220 sq ft

385 Smithridge Park, Reno, NV 89502

Property at 129 Smithridge Park, Reno, NV 89502, 2 beds, 2 baths

$309,999

2 beds2 baths1,220 sq ft

129 Smithridge Park, Reno, NV 89502

Property at 312 Smithridge Park, Reno, NV 89502, 2 beds, 1.5 baths

$307,000

2 beds1.5 baths1,220 sq ft

312 Smithridge Park, Reno, NV 89502

Property at 2955 Lakeside Dr #217, Reno, NV 89509, 2 beds, 2 baths

$299,999

2 beds2 baths1,085 sq ft

2955 Lakeside Dr #217, Reno, NV 89509

Property at 2845 Idlewild Dr #313, Reno, NV 89509, 2 beds, 1 bath

$299,900

2 beds1 bath1,054 sq ft

2845 Idlewild Dr #313, Reno, NV 89509

Property at 4 Smithridge, Reno, NV 89502, 2 beds, 1.5 baths

$299,000

2 beds1.5 baths1,040 sq ft

4 Smithridge, Reno, NV 89502

Property at 562 Smithridge, Reno, NV 89502, 2 beds, 1.5 baths

$299,000

2 beds1.5 baths1,220 sq ft

562 Smithridge, Reno, NV 89502

Property at 2300 Dickerson Rd #16, Reno, NV 89503, 2 beds, 2 baths

$299,000

2 beds2 baths1,195 sq ft

2300 Dickerson Rd #16, Reno, NV 89503

Property at 17940 Cold Springs Dr, Reno, NV 89508, 2 beds, 2 baths

$295,000

2 beds2 baths924 sq ft

17940 Cold Springs Dr, Reno, NV 89508

Property at 618 Smithridge Park, Reno, NV 89502, 3 beds, 1.5 baths

$290,000

3 beds1.5 baths1,220 sq ft

618 Smithridge Park, Reno, NV 89502

Property at 2700 Plumas St #300, Reno, NV 89509, 2 beds, 2 baths

$290,000

2 beds2 baths998 sq ft

2700 Plumas St #300, Reno, NV 89509

Property at 4185 Baker Ln, Reno, NV 89509, 2 beds, 2.5 baths

$289,500

2 beds2.5 baths1,284 sq ft

4185 Baker Ln, Reno, NV 89509

Property at 486 Smithridge Park, Reno, NV 89502, 2 beds, 1.5 baths

$289,000

2 beds1.5 baths1,220 sq ft

486 Smithridge Park, Reno, NV 89502

Property at 542 Smithridge, Reno, NV 89502, 2 beds, 1.5 baths

$289,000

2 beds1.5 baths1,220 sq ft

542 Smithridge, Reno, NV 89502

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Homes for sale under $500k in Reno

There are currently 329 homes for sale under $500k in Reno. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Reno stay on the market for 70 days and receive 1 offers. Popular neighborhoods include Arrowcreek, Hidden Valley, Somersett, Caughlin Ranch, and Downtown Reno. This map is refreshed with the newest listings in Reno every 15 minutes.

In the past month, 272 homes have been sold in Reno. In addition to houses in Reno, there were also 242 condos, 131 townhouses, and 36 multi-family units for sale in Reno last month. Reno is a minimally walkable city in Washoe County with a Walk Score of 40. Reno is home to approximately 223,270 people and 133,818 jobs. Find your dream home in Reno using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Reno are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Reno. Our Reno real estate stats and trends will give you more information about home buying and selling trends in Reno. If you're looking to sell your home in the Reno area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Reno with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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Homes for sale under $500k in Reno, NV

Homes for sale under $500k in Reno

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