Rents continue to drop in the Las Vegas Valley because of a glut of apartment supply that was financed during the pandemic and is now spilling onto the local market, according to a real estate analyst. Las Vegas was one of the few major U.S. markets where rents declined month over month in April, according to a new report from Apartments.com, which is owned by CoStar Group. While national apartment rents rose 0.2 percent in April and 45 of the top 50 markets posted monthly increases, Las Vegas moved in the opposite direction, with rents down 0.2 percent from March, according to the report. Danny Khalil, the director of market analytics for Apartments.com in Las Vegas, said a pandemic financing boom in the valley for multifamily construction has brought a wave of new product onto the market, depressing rents.…