At $1,296/mo, rent takes about 24% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,296 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 →
12-month history
Last updated: August 17, 2026
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Who lives here
Grand Island, NE is majority owner-occupied, has a large share of families with children, has a median income below the national average, 20.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Grand Island, NE has changed in 5 years
Median household income rose from $58,162 to $63,795 between 2021 and 2024, a 9.7% shift. Renters now make up 42.2% of households, compared with 40.3% five years ago.
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Can you afford rent in Grand Island on your salary?
At $1,296/mo, how Grand Island rent compares to typical pay (30% rule).
Grand Island rent by bedroom count
Median rent for each apartment size in Grand Island. Click any size for full breakdown.
Tips for renters in Grand Island
Last updated: August 17, 2026
The median rent in Grand Island is $1,296/mo as of August 2026. A studio apartment averages $770/mo while a 2-bedroom runs $1,130/mo. One-bedroom apartments average $920/mo and 3-bedroom units go for $1,430/mo.
At 24% of local median household income ($63,795/yr), Grand Island ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.3% over the past year.
Frequently asked questions
Is Grand Island an affordable city for renters?
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Is rent going up or down in Grand Island?
Which Grand Island neighborhoods have the lowest rent?
How does Grand Island rent compare to other cities in Nebraska?
Which nearby cities are cheaper to rent in than Grand Island?
What percentage of Grand Island residents rent vs. own?
How does Grand Island rent compare to the national average?
At $1,296/mo, rent takes ~24% of Grand Island's median household income ($63,795/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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