The Monico
1508 Marcy St,
Omaha, NE 68108
$1,195 - $1,895
Studio - 2 Beds
Rental Market Trends in Omaha, NE
What is the average rent in Omaha, NE?
$1,107/month
Average Rent
734 Sq Ft
Average Apartment Size
+2.1%
Increase in the Last Year
As of April 2026, the average rent in Omaha, NE is $1,107 per month. This is 33% lower than the national average rent of $1,641/month, making renting in Omaha more affordable than most cities in the US. When you rent an apartment in Omaha, you can expect to pay about $1,009 per month for a studio, $1,107 for a one-bedroom apartment, and around $1,419 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,692 or more.
Floor Plan Type
Average Rent
Average 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 Omaha, NE?
In the past year, rent has increased by 2.1%, which averages out to $24 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 April 2026
Legend
2025
2026
Rent Ranges in Omaha, NE
Last Updated April 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
12%
Below $700/month
34%
$700 - $1,000/month
40%
$1,001 - $1,500/month
13%
$1,501 - $2,000/month
1%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Omaha?
Based on current rent prices, Monmouth Park, Benson Gardens and The Village at Camelot are the most affordable neighborhoods in Omaha.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Omaha?
Based on current rent prices, Trendwood, Pinewood/Bel Air Village and West Lawn Hill are the most expensive neighborhoods in Omaha.
Neighborhood
Average Rent
Average Sq Ft
Which Omaha neighborhoods have the most rentals available?
The neighborhoods in Omaha with the most apartments available are West Omaha, Central Omaha and Downtown Omaha .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Omaha, NE?
Because the average rent in Omaha is $1,107, you’ll want to make about $3,690 per month or $44,280 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.
Cost of Living
The cost of living in Omaha, NE is 10.2% lower than the national average. Generally, housing in Omaha is 19.6% less expensive than the national average, with rent falling between $1,009 - $1,692. You can expect to pay 0.4% less for groceries, 15.2% less for utilities, and 10.1% less for transportation.
How does Omaha, NE compare to other nearby cities and neighborhoods?
Use the tool below to compare Omaha, 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.
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
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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 February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.