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Las Vegas apartment landlord offers renters a cash incentive to buy a home

Cherry Development sets aside $200 per month to later be used as a down payment
Residents at Cherry Development's apartments in downtown Las Vegas can opt in and direct $200 of their monthly rent into an account that can later be used as a down payment for a future home purchase. (Cherry Development)
Residents at Cherry Development's apartments in downtown Las Vegas can opt in and direct $200 of their monthly rent into an account that can later be used as a down payment for a future home purchase. (Cherry Development)
CoStar News
April 10, 2026 | 7:26 P.M.

One Las Vegas developer is getting creative to attract potential residents to their apartments: cash to eventually leave.

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News | Las Vegas apartment landlord offers renters a cash incentive to buy a home