Omaha, NE Rental Market Trends
Highlights
The average rent for an apartment in Omaha is $938, a 4% increase compared to the previous year.
Average Rent in Omaha, NE
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $938 | 4% | 924 sq. ft. |
The average size for a Omaha, NE apartment is 924 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Omaha, NE Apartment Rent Ranges
- < $5001%
- $501-$70017%
- $701-$1,00052%
- $1,001-$1,50026%
- $1,501-$2,0003%
- > $2,0001%
Omaha, NE Occupied Housing Units
- Renter-occupied Households40%
- Owner-occupied Households59%
73,678 or 40% of the households in Omaha, NE are renter-occupied while 109,482 or 59% are owner-occupied.
Omaha, NE Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Omaha, NE | $855 | $854 | $871 | $874 | $876 | $888 | $901 | $906 | $927 | $934 | $938 |
| National | $1,340 | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Omaha, NE By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Raven Oaks - Woodhurst | $675 |
| Dodge Park - Wyman Heights | $675 |
| Country Club Hills | $675 |
| Fairacres | $690 |
| Benson | $757 |
| NONAC | $800 |
| Wakonda | $800 |
| Northwest Community Club - Fairfax | $800 |
| Fort Redman - Fontenelle View | $800 |
| Clifton Hills - Malcolm X | $800 |
| Sunny Slope | $803 |
| Saddle Hills | $803 |
| Maple Village | $803 |
| Keystone | $803 |
| North Oaks - Starwood | $807 |
| Cherry Hills | $807 |
| Ralston | $813 |
| Westwood Heights - Montclair | $823 |
| Royalwood | $823 |
| Prairie Lane | $823 |
| Parkside - Trendwood | $823 |
| Hanscom Park | $833 |
| Field Club - Ford Birthsite | $833 |
| Deer Park | $848 |
| Columbus Park | $848 |
| Sun Valley Park | $853 |
| Sun Valley Hidden Acres | $853 |
| Sun Valley | $853 |
| Stockman's Hollow | $853 |
| Southfork | $853 |
| Southern Valley | $853 |
| Southern Park | $853 |
| South Park | $853 |
| Pawnee Hills | $853 |
| Market Pointe | $853 |
| Maclad Heights | $853 |
| Heritage Hills | $853 |
| Hastings | $853 |
| Glenmorrie | $853 |
| Faulkland Heights | $853 |
| Fair Acres | $853 |
| Copper Creek | $853 |
| Applewood Heights - Disney | $871 |
| Westgate | $875 |
| Paddock Road - Oakdale | $875 |
| West Dodge Addition | $876 |
| Meadowbrook | $876 |
| Seville - El Dorado | $889 |
| Deer Ridge - West Fairacres | $889 |
| Piedmont Wycliffe - Pacific Meadows | $909 |
| Crescent Oaks - Summerwood | $920 |
| Morton Meadows | $929 |
| Karen Western - Robin Hill | $929 |
| Crosskey Village - Lee Valley | $932 |
| Monmouth - Central Park | $938 |
| Miller Park - Minne Lusa | $938 |
| Binney Wirt Spencer - E R Danner | $938 |
| Bedford Place | $938 |
| Adams Park - Omaha View | $938 |
| Roanoke | $940 |
| Rambleridge | $940 |
| Hillsborough | $940 |
| GIT | $940 |
| Eagle Run - Willow Wood | $940 |
| Elmwood Park | $956 |
| Dundee - Memorial Park | $956 |
| Blackstone | $960 |
| Woodbridge - Somerset | $962 |
| Leavenworth | $966 |
| Westbrook | $971 |
| Ak-sar-ben - Elmwood | $971 |
| Regency | $980 |
| Golden Valley - Old Loveland | $980 |
| Dahlman | $981 |
| Pheasant Run - Stonybrook | $984 |
| Millard Airport | $984 |
| Harvey Oaks | $989 |
| Park East | $996 |
| West Hampton - Winterburn | $1,016 |
| The Grove | $1,016 |
| Skyline Ranches | $1,016 |
| Greenbrier - Summer Glen | $1,016 |
| Five Fountains - West Dodge Station | $1,016 |
| Elkhorn - Fair Meadows | $1,016 |
| Elk Ridge - High Point | $1,016 |
| Indian Creek | $1,038 |
| Old Market | $1,041 |
| Downtown Omaha | $1,059 |
| Whispering Ridge - Manchester Park | $1,061 |
| Westin Hills - Torrey Pines | $1,061 |
| Walnut Ridge | $1,061 |
| Huntington Park | $1,061 |
| Diamond Head - Nelsons Creek | $1,061 |
| Joslyn Castle | $1,068 |
| Fire Ridge - Pacific Pointe | $1,089 |
| Radial Hills - Orchard Hill | $1,105 |
| Highlander - Prospect Place | $1,105 |
| Conestoga Place - OIC | $1,105 |
| Cornish Heights - Loveland | $1,106 |
| Gifford Park | $1,126 |
| Villaga Pointe - Pacific Springs | $1,162 |
| Briar Hills | $1,162 |
| Bent Creek | $1,162 |
| The Ridges | $1,181 |
| Spring Ridge - Lakeside | $1,195 |
| Armbrust Acres - Pacific Heights | $1,195 |
The most affordable neighborhoods in Omaha are Country Club Hills, where the average rent goes for $675/month, Dodge Park - Wyman Heights, where renters pay $675/mo on average, and Raven Oaks - Woodhurst, where the average rent goes for $675/mo. If you’re looking for other great deals, check out the listings from Fairacres ($690), Benson ($757), and NONAC ($800), where the asking prices are below the average Omaha rent of $938/mo.
The most expensive neighborhoods in Omaha are The Ridges ($1,181), Armbrust Acres - Pacific Heights ($1,195) and Spring Ridge - Lakeside ($1,195).
The most popular neighborhood in Omaha is Dundee - Memorial Park, where there are 11 verified RENTCafé listings with an average rent of $956. Next up is Blackstone, where apartments go for $960/month, followed by Monmouth - Central Park with $938 If you’re looking to rent in Omaha’s most popular neighborhoods, make sure to also check out Downtown Omaha, where renters pay $1,059 on average, and Crosskey Village - Lee Valley, where the average monthly rent is $932.
Omaha | Rent Comparison by Neighborhood
Rent in Adams Park - Omaha View is 3% lower than in Ak-sar-ben - Elmwood
Adams Park - Omaha View rent is the same as Omaha average
| Average Rent | $938 |
|---|
Ak-sar-ben - Elmwood rent is 4% higher than Omaha average
| Average Rent | $971 |
|---|
How Omaha Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Omaha | $938 | 4% |
| Lincoln | $980 | 2% |
| Bellevue | $1,063 | 2% |
| Council Bluffs | $917 | 4% |
| Papillion | $963 | 4% |
| La Vista | $959 | 3% |
| Chalco | $869 | 4% |
| Ralston | $813 | 4% |
| Candlewood - Linden | $889 | 6% |
For more information about the Omaha rental trends, check out our monthly rent report
Check out Nebraska Cities, Nebraska Neighborhoods and Nebraska Zip Codes for more details on verified listings, including the Nebraska Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!