Upcoming Las Vegas MultiFamily Residential Construction Projects [2025]
In a dynamic shift towards urban living, Las Vegas, Nevada, is experiencing a remarkable surge in multifamily residential construction projects that promise to redefine the city’s skyline. MultiFamilyData from BuildCentral has identified more than 10 new multifamily residential projects and upwards of 3k units under construction in Las Vegas, highlighting the city’s commitment to providing a range of housing options for its residents.
As of October 2024, the average rent in Las Vegas was 0.4% below the national average, making Vegas a realistic home for renters. The city is estimated to be short in multifamily units by about 800 in 2025, which will increase to more than 2,800 units in 2026. Economists at the International Builders’ Show predicted apartment starts in Las Vegas will decline before returning to positive trends by the end of the year. Colliers tracked approximately 4,700 multifamily units delivered in southern Nevada in 2024, and 5,800 currently under construction; 4,100 units should be delivered in 2025.
See upcoming Las Vegas single family residential, medical, hotel, and retail projects on our platform.
We’re tracking 16 Las Vegas multifamily projects in the planning or under construction stages, worth around $400 million.
These projects represent a diverse array of housing solutions, from luxury high-rises to affordable housing complexes, signaling Las Vegas’ dedication to accommodating the varied needs of its growing population.
Check out the top multifamily contractors, architects, and developers in the U.S. on out site.
Related: Top 10 Upcoming Construction Projects in Las Vegas.
Here are some noteworthy multifamily residential construction projects listed in order of their last-updated date, as per MultiFamilyData reports:
Gass Avenue & 6th Street Apartments
| Construction Type: | New | # of Units: | 89 |
| Project Type: | For Rent | Building Type: | Mid-rise (4-11) |
| Estimated Value: | $11 million | # of Buildings: | 1 |
| Sector: | Private | Product Type: | Market Rate |
| Location: | Las Vegas, NV 89101. SWC of Gass Ave and 6th St |
| Details: | Plans call for the construction of a five-story, 20,658-square-foot mixed-use building consisting of 89 studio and one-bedroom residential multi-family units and 3,766 square feet of commercial and office spaces on the ground floor. |
| Stage: | Planning |
| Schedule | |
|---|---|
The Presley
| Construction Type: | New | # of Units: | 200 |
| Project Type: | For Rent | Building Type: | Mid-rise (4-11) |
| Estimated Value: | $19 million | # of Buildings: | 1 |
| Sector: | Private | Product Type: | Market Rate |
| Location: | Las Vegas, NV 89106. 2025 Alta Dr |
| Details: | Plans call for the construction of a seven-story 240,480-square-foot multifamily mid-rise building with 200 units. |
| Stage: | Starts in 4-12 months |
306 North 9th Street Multifamily
| Construction Type: | Addition/Expansion | # of Units: | 11 |
| Project Type: | For Rent | Building Type: | Undetermined |
| Estimated Value: | $1-$5 million | # of Buildings: | 1 |
| Sector: | Private | Product Type: | Market Rate |
| Location: | Las Vegas, NV 89101. 306 N 9th St |
| Details: | Plans call for the addition of seven multifamily units to an existing 11-unit multifamily residential development on 0.20 acres. |
| Stage: | Planning |
WAS THIS BLOG HELPFUL?
Want the best in project leads and analytics for your growing business? Check out BuildCentral with a free trial or by scheduling a demo.
Subscribe to the BuildCentral Newsletter to receive promos, feature updates, early project insights, growth tips, and more. Published once a month, we help you stay current on industry news, sales & marketing best practices and insights into top new projects and key players.
Read similar posts on our blog page and check out the latest trends, data, and insights for multifamily and other construction types on our Market Vision Reports page.
