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Rental Market Trends in Norfolk, NE

What is the average rent in Norfolk, NE?

$974/month

Average Rent

714 Sq Ft

Average Apartment Size

+2.5%

Increase in the Last Year

As of June 2025, the average rent in Norfolk, NE is $974 per month. This is 40% lower than the national average rent of $1,628/month, making renting in Norfolk more affordable than most cities in the US. When you rent an apartment in Norfolk, you can expect to pay about $718 per month for a studio, $974 for a one-bedroom apartment, and around $1,116 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $959 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$718/month
470 Sq Ft
One Bedroom
$974/month
714 Sq Ft
Two Bedroom
$1,116/month
957 Sq Ft
Three Bedroom
$959/month
1,268 Sq Ft
Floor Plan Type
Average Rent
Average 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 Norfolk, NE?

In the past year, rent has increased by 2.5%, which averages out to $25 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 June 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Norfolk, NE
Last Updated June 2025
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Norfolk, NE
Percentage*
Rent Range
7% Below $700/month
57% $700 - $1,000/month
36% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Norfolk is $974, you’ll want to make about $3,246 per month or $38,952 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

Norfolk, NE

75 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Norfolk, 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 Norfolk, NE

Apartment Averages

Apartment communities in Norfolk we think you'll love

The Hill

The Hill

1303 Galeta Ave,
Norfolk, NE 68701

2 Beds | $1,195 - $1,350

The Apartment Place

The Apartment Place

901 Syracuse Ave,
Norfolk, NE 68701

1 Bed | $895

The Warwick

The Warwick

1401 Lakewood Dr,
Norfolk, NE 68701

1-3 Beds | $925 - $1,395

Victory Village Apartments

Victory Village Apartments

1301 E Grove Ave,
Norfolk, NE 68701

1-2 Beds | $1,210 - $1,460

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United States Nebraska Norfolk 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 June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity