City Report · NE

Bellevue

Pop. 64,510·8th most expensive in Nebraska·One of the most affordable rental markets in the US
Median rent (all units)
$1,341/mo
Year-over-Year
-2.0%
Month-over-Month
-3.1%
vs US Median
-$621
Falling (Monthly)
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Most AffordableMost Expensive
Bellevue · $1,341
More affordable than 85% of US cities · National median $1,962/mo
Rent Reality Score
55/100
Fairly priced
OverheatedFairGreat value

Rents are 3% below what Bellevue's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,341/mo
Expected by trend
$1,379/mo
The Rent Reality Score compares today's median rent to where Bellevue's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$985
1 BR
$1,045
2 BR
$1,255
3 BR
$1,670
4 BR+
$1,855
Fair Market Rent (HUD)
$1,255/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,341 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$16,092/yr
At $1,341/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 2.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-2.0% YoY, -3.1% MoM), not inventory.
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Demographics

Who lives here

Bellevue, NE is majority owner-occupied, 34.4% of residents hold a bachelor's degree or higher.

Population
64,510
Median income
$85,462
Median age
36.3
Renters
34.5%
Age distribution
24.2%
23.9%
24.4%
12%
15.4%
Under 1824.2%
18–3423.9%
35–5424.4%
55–6412%
65+15.4%
Gender
51.1%
48.9%
Male51.1%
Female48.9%
Race & ethnicity
72.1%
17%
White72.1%
Black5.7%
Hispanic17%
Asian3.1%
Other2%
Education (25+)
24%
34.6%
34.4%
No HS diploma6.9%
HS diploma24%
Some college34.6%
Bachelor's+34.4%
Housing tenure
65.5%
34.5%
Owner65.5%
Renter34.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Bellevue, NE has changed in 5 years

Rent
$996 → $1,341
up 34.6%
Income
$73,534 → $85,462
up 16.2%
Population
62,888 → 64,510
up 2.6%
Renter share
36.2% → 34.5%
-1.7 pts
Bachelor's+
33.2% → 34.4%
+1.2 pts
Median age
35.8 → 36.3
+0.5 yrs

Across the past five years, the going rent in Bellevue, NE has shifted from $996 to $1,341, up 34.6% since 2021. Median household income climbed from $73,534 to $85,462 between 2021 and 2024, a 16.2% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Bellevue, NE adding about 1,622 residents over the five-year window, up 2.6% on net. The renter share has eased from 36.2% to 34.5%, with owner-occupied housing accounting for the remainder. Taken together, the five-year picture in Bellevue, NE reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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View Bellevue rent history (2015–2026) →
Salary vs rent

Can you afford rent in Bellevue on your salary?

At $1,341/mo, how Bellevue rent compares to typical pay (30% rule).

By apartment size

Bellevue rent by bedroom count

Median rent for each apartment size in Bellevue. Click any size for full breakdown.

Local insights

Tips for renters in Bellevue

About renting in Bellevue, NE

Last updated: August 17, 2026

The median rent in Bellevue is $1,341/mo as of August 2026. A studio apartment averages $985/mo while a 2-bedroom runs $1,255/mo. One-bedroom apartments average $1,045/mo and 3-bedroom units go for $1,670/mo.

At 19% of local median household income ($85,462/yr), Bellevue ranks as affordable compared to the national benchmark of 30%. Rents have decreased 2.0% over the past year.

FAQ

Frequently asked questions

Is Bellevue an affordable city for renters?

Bellevue is considered very affordable for renters. At $1,341/mo, rent takes approximately 19% of the local median household income ($85,462/yr). The standard benchmark is 30%. Bellevue falls comfortably within that range.

How much income do you need to rent in Bellevue?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (~$26/hour full-time) to afford the median rent of $1,341/mo in Bellevue. The local median household income is $85,462/yr, meaning the typical Bellevue household meets that threshold.

Is rent going up or down in Bellevue?

Rent in Bellevue has decreased 2.0% over the past year as of August 2026, offering some relief compared to 12 months ago.

Which Bellevue neighborhoods have the lowest rent?

The most affordable ZIP codes in Bellevue are 68005 ($1,079/mo), and 68123 ($1,395/mo). Citywide, the median rent in Bellevue is $1,341/mo.

How does Bellevue rent compare to other cities in Nebraska?

Bellevue is middle-of-the-pack for Nebraska for rent, ranking #8 out of 14 tracked cities at $1,341/mo.

What percentage of Bellevue residents rent vs. own?

According to Census data, approximately 34.5% of Bellevue households are renters, while 65.5% are owner-occupied. Bellevue leans toward homeownership, which can mean a smaller rental inventory.

How does Bellevue rent compare to the national average?

Bellevue's median rent of $1,341/mo is $621 (32%) below the US national median of $1,962/mo. Within Nebraska, it ranks #8 out of 14 tracked cities.
Income Affordability
19%
VERY AFFORDABLE

At $1,341/mo, rent takes ~19% of Bellevue's median household income ($85,462/yr). The standard benchmark is 30%.

Bellevue 19%Benchmark 30%
State income tax2.46–5.84%
Run the Bellevue affordability calculator →
Lowest-rent ZIP codes in Bellevue
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Bellevue, NE

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