The Monico
1508 Marcy St,
Omaha, NE 68108
$1,195 - $1,895
Studio - 2 Beds
In a downtown district where every corner scene belongs on a postcard, Market West manages to stand out. With a strong sense of self and a collaborative community, the neighborhood exudes a distinctive character that doesn’t compete with, but complements, the neighboring historic Old Market.
Together, both neighborhoods create the western-most portion of Downtown Omaha. This centralized location blossoms with opportunities for residential communities and commercial businesses, as well as civic and nonprofit organizations. Renovated brick buildings line original cobblestone alleys, containing rentals situated alongside diverse neighbors like a family-run grocery store, international development foundation, architectural firm, and the Omaha Symphony offices.
Perhaps this collection of professional establishments, anchored to the neighborhood under posh lofts and upscale apartments, defines Market West more than anything else. Its balance of work and play draws in a wide variety of residents who enjoy the comforts of a cosmopolitan lifestyle in a charming Midwest setting.
As of January 2026, the average apartment rent in Market West is $815 for a studio, $1,081 for one bedroom, $1,356 for two bedrooms, and $2,019 for three bedrooms. Apartment rent in Market West has decreased by -2.2% in the past year.
Studio
576 sq ft
Average Sq Ft
$815/month
Average Rent
1 BR
788 sq ft
Average Sq Ft
$1,081/month
Average Rent
2 BR
1,031 sq ft
Average Sq Ft
$1,356/month
Average Rent
3 BR
1,822 sq ft
Average Sq Ft
$2,019/month
Average Rent
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.