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Rental Market Trends in Grand Island, NE

What is the average rent in Grand Island, NE?

$1,035/month

Average Rent

736 Sq Ft

Average Apartment Size

+1.3%

Increase in the Last Year

As of December 2025, the average rent in Grand Island, NE is $1,035 per month. This is 37% lower than the national average rent of $1,631/month, making renting in Grand Island more affordable than most cities in the US. When you rent an apartment in Grand Island, you can expect to pay about $1,117 per month for a studio, $1,035 for a one-bedroom apartment, and around $1,276 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,347 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,117/month
561 Sq Ft
One Bedroom
$1,035/month
736 Sq Ft
Two Bedroom
$1,276/month
1,005 Sq Ft
Three Bedroom
$1,347/month
1,117 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,332/month
604 Sq Ft
Three Bedroom
$1,828/month
869 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Grand Island, NE?

In the past year, rent has increased by 1.3%, which averages out to $14 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2025
Legend
2024 2025
Market Trends Over Time

What salary do I need to live comfortably in Grand Island, NE?

Because the average rent in Grand Island is $1,035, you’ll want to make about $3,450 per month or $41,400 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Grand Island, NE

260 Available Apartments for Rent

Search for Nearby Apartments

How does Grand Island, NE compare to other nearby cities and neighborhoods?

Use the tool below to compare Grand Island, NE to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Grand Island, NE

Apartment Averages

Apartment communities in Grand Island we think you'll love

Concord Villas

Concord Villas

1113 N Claude Rd,
Grand Island, NE 68803

$1,655 - $2,195

2-3 Beds

Talon Apartments

Talon Apartments

200 US-34,
Grand Island, NE 68801

$1,149 - $1,799

1-2 Beds

Legacy 34

Legacy 34

3601 Innate Circle,
Grand Island, NE 68801

$1,190 - $2,995

1-3 Beds

Autumn Park Apartments

Autumn Park Apartments

3720 W State St,
Grand Island, NE 68803

$1,005

2-3 Beds

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United States Nebraska Grand Island Rental Trends

Methodology

† 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.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity