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City Report · NE

Omaha

Pop. 488,837·4th most expensive in Nebraska·Omaha rents are up 6.3% over the past year
Median rent (all units)
$1,453/mo
Year-over-Year
+6.3%
Month-over-Month
-0.3%
vs US Median
-$512
Stable (Monthly)
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Most AffordableMost Expensive
Omaha · $1,453
More affordable than 78% of US cities · National median $1,965/mo
Rent Reality Score
51/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Omaha's 10-year trend predicts.

Actual rent
$1,453/mo
Expected by trend
$1,464/mo
The Rent Reality Score compares today's median rent to where Omaha's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,082
1 BR
$1,151
2 BR
$1,380
3 BR
$1,833
4 BR+
$2,040
Research median
$1,380/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$17,436/yr
At $1,453/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (6.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+6.3% YoY, -0.3% MoM), not inventory.
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Demographics

Who lives here

Omaha, NE is majority owner-occupied, 40.1% of residents hold a bachelor's degree or higher.

Population
488,837
Median income
$73,201
Median age
35.3
Renters
42.6%
Age distribution
24.2%
25.3%
24.7%
14.5%
Under 1824.2%
18–3425.3%
35–5424.7%
55–6411.2%
65+14.5%
Gender
49.8%
50.2%
Male49.8%
Female50.2%
Race & ethnicity
66.6%
16.2%
White66.6%
Black11.8%
Hispanic16.2%
Asian4.1%
Other1.4%
Education (25+)
21.4%
29%
40.1%
No HS diploma9.5%
HS diploma21.4%
Some college29%
Bachelor's+40.1%
Housing tenure
57.4%
42.6%
Owner57.4%
Renter42.6%

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

2021 vs 2026

How Omaha, NE has changed in 5 years

Rent
$1,076 → $1,453
up 35.0%
Income
$65,359 → $73,201
up 12.0%
Population
488,059 → 488,837
up 0.2%
Renter share
41.7% → 42.6%
+0.9 pts
Bachelor's+
38.7% → 40.1%
+1.4 pts

Across the past five years, the going rent in Omaha, NE has shifted from $1,076 to $1,453, up 35.0% since 2021. On the earnings side, the typical household in Omaha, NE now reports about $73,201, up from $65,359 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Omaha, NE reflects that arc in its own way.

Community

Discussions about Omaha

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

Can you afford rent in Omaha on your salary?

At $1,453/mo, how Omaha rent compares to typical pay (30% rule).

By apartment size

Omaha rent by bedroom count

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

Local insights

Tips for renters in Omaha

About renting in Omaha, NE

Last updated: July 20, 2026

The median rent in Omaha is $1,453/mo as of July 2026. A studio apartment averages $1,082/mo while a 2-bedroom runs $1,380/mo. One-bedroom apartments average $1,151/mo and 3-bedroom units go for $1,833/mo.

At 24% of local median household income ($73,201/yr), Omaha ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.3% over the past year.

FAQ

Frequently asked questions

Is Omaha an affordable city for renters?

Omaha is considered very affordable for renters. At $1,453/mo, rent takes approximately 24% of the local median household income ($73,201/yr). The standard benchmark is 30%. Omaha falls comfortably within that range.

How much income do you need to rent in Omaha?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (~$28/hour full-time) to afford the median rent of $1,453/mo in Omaha. The local median household income is $73,201/yr, meaning the typical Omaha household meets that threshold.

Is rent going up or down in Omaha?

Rent in Omaha has increased 6.3% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Omaha neighborhoods have the lowest rent?

The most affordable ZIP codes in Omaha are 68134 ($1,041/mo), 68127 ($1,153/mo), and 68154 ($1,246/mo). Citywide, the median rent in Omaha is $1,453/mo.

How does Omaha rent compare to other cities in Nebraska?

Omaha is one of the pricier cities in Nebraska for rent, ranking #4 out of 14 tracked cities at $1,453/mo.

Which nearby cities are cheaper to rent in than Omaha?

Several nearby cities have lower median rents than Omaha ($1,453/mo): La Vista ($1,315/mo), Bellevue ($1,384/mo).

What percentage of Omaha residents rent vs. own?

According to Census data, approximately 42.6% of Omaha households are renters, while 57.4% are owner-occupied. Omaha leans toward homeownership, which can mean a smaller rental inventory.

How does Omaha rent compare to the national average?

Omaha's median rent of $1,453/mo is $512 (26%) below the US national median of $1,965/mo. Within Nebraska, it ranks #4 out of 14 tracked cities.
Income Affordability
24%
VERY AFFORDABLE

At $1,453/mo, rent takes ~24% of Omaha's median household income ($73,201/yr). The standard benchmark is 30%.

Omaha 24%Benchmark 30%
State income tax2.46–5.84%
Run the Omaha affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Omaha, NE

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