Downtown Omaha, Omaha, NE Rental Market Trends
Last updated: August 01, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Omaha is $1,428, a 1.39% decrease compared to the previous year, when the average rent was $1,448.
Studio Apartments at $1,089 offer the most budget-friendly option with 475 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 682 square feet for $1,210, balancing privacy and affordability.
Two-bedroom units at $1,772 offer 1,074 square feet, perfect for roommates or small families.
Average rent in Downtown Omaha, Omaha, NE
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,428 | 826 sq. ft. |
| Studio | $1,089 | 475 sq. ft. |
| 1 Bed | $1,210 | 682 sq. ft. |
| 2 Beds | $1,772 | 1,074 sq. ft. |
| 3 Beds | n/a | n/a |
Downtown Omaha, Omaha, NE rent trends
Rental prices in Downtown Omaha, Omaha, NE have decreased by 1.39% over the past year. The average rent moved from $1,448 to $1,428.
What's the typical rent budget in Downtown Omaha, Omaha, NE?
The largest share of rentals in Downtown Omaha, Omaha, NE (53%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Downtown Omaha, Omaha, NE?
4,390 or 82% of the households in Downtown Omaha, Omaha, NE are renter-occupied while 947 or 18% are owner-occupied.
Most affordable neighborhoods in Downtown Omaha?
Elmwood Park $943/month
Dundee - Memorial Park $947/month
Prairie Lane $965/month
All of these neighborhoods fall below the city wide average of $1,338/month.Most expensive neighborhoods in Downtown Omaha?
Fire Ridge - Pacific Pointe $1,862/month
Walnut Ridge $1,893/month
Elk Ridge - High Point $2,090/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Omaha, NE By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Elk Ridge - High Point | $2,090 |
| Walnut Ridge | $1,893 |
| Fire Ridge - Pacific Pointe | $1,862 |
| Woodbridge - Somerset | $1,853 |
| Paddock Road - Oakdale | $1,848 |
| Royalwood | $1,786 |
| Ak-sar-ben - Elmwood | $1,774 |
| The Grove | $1,755 |
| Spring Ridge - Lakeside | $1,658 |
| Greenbrier - Summer Glen | $1,627 |
| Briar Hills | $1,602 |
| Joslyn Castle | $1,569 |
| Elkhorn - Fair Meadows | $1,558 |
| Pheasant Run - Stonybrook | $1,518 |
| Leavenworth | $1,512 |
| Westgate | $1,499 |
| Crescent Oaks - Summerwood | $1,494 |
| Gifford Park | $1,476 |
| GIT | $1,454 |
| Downtown Omaha | $1,428 |
| Blackstone | $1,419 |
| Hillsborough | $1,417 |
| Piedmont Wycliffe - Pacific Meadows | $1,412 |
| Candlewood - Linden | $1,391 |
| Dahlman | $1,380 |
| Westbrook | $1,370 |
| Golden Valley - Old Loveland | $1,316 |
| West Hampton - Winterburn | $1,313 |
| Westin Hills - Torrey Pines | $1,296 |
| Millard Airport | $1,254 |
| Cornish Heights - Loveland | $1,247 |
| Benson | $1,245 |
| Meadowbrook | $1,244 |
| Deer Ridge - West Fairacres | $1,211 |
| Crosskey Village - Lee Valley | $1,206 |
| Old Market | $1,198 |
| Eagle Run - Willow Wood | $1,188 |
| Rambleridge | $1,183 |
| Maple Village | $1,130 |
| Cherry Hills | $1,124 |
| West Dodge Addition | $1,115 |
| Roanoke | $1,111 |
| Applewood Heights - Disney | $1,108 |
| Sunny Slope | $1,082 |
| Parkside - Trendwood | $1,079 |
| Hanscom Park | $983 |
| Prairie Lane | $965 |
| Dundee - Memorial Park | $947 |
| Elmwood Park | $943 |
Omaha | Rent Comparison by Neighborhood
Rent in Downtown Omaha is 20% lower than in Ak-sar-ben - Elmwood
Downtown Omaha rent is the same as Omaha average
Ak-sar-ben - Elmwood rent is 24% higher than Omaha average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Omaha apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.