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Apartments in Omaha

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Omaha:
A Local Perspective

Omaha is home to approximately 408,000 people, making it the most populous city in Nebraska by a significant margin. Five Fortune 500 companies are based out of Omaha, but the most well known by far is Berkshire Hathaway. This is the company of Warren Buffet, one of the richest men in the world. He has for decades carried a nickname based on his hometown, as many refer to him as the "Oracle of Omaha."

Omaha is a very diverse city, and people in almost any industry stand a chance of building a thriving career there. The city has been steadily developing into a city with all the hallmarks of a major center, including an ever-increasing skyline, and the construction of large facilities such as the Holland Performing Arts Center, which was opened ten years ago.

Omaha NE

Finding an Omaha Apartment

When to search

Omaha has many more vacant apartments than most places around the country. This gives you some flexibility as a prospective renter, because you don't have to time your search just to have a chance of finding a good place. At any time of year, you should be able to find a decent apartment in Omaha in less than six weeks.

How to Search

Finding an apartment can be hard, especially when there are so many choices. With our filters, you can narrow your search by price, floorplan, and amenities. Looking for an apartment building with a fitness center, swimming pool, and easy access to a dog park? We've got you covered.

Staying in the know

Omaha landlords are usually very eager to try and fill their vacant apartments. As a result, in some ways you may have the upper hand when looking for an apartment. Don't be afraid to try and negotiate a little bit when moving in, as you may find landlords more flexible than you expect.

Life in Omaha

Transportation

Omaha is a great city for cycling, with bike lanes and paths cutting through a lot of the city. However, the constant elevation changes can be difficult if you're new to cycling. If you need to get around quickly, the Metro Area transit service provides excellent local bus service.

Where to play

Omaha is a cultural hotbed, with several great museums, including Love's Jazz and Art Center, and the Joslyn Art Museum. Beautiful parks also abound, such as the Gene Leahy Mall and the Heartland of America Park. The Old Market is a beautiful taste of the old world, complete with a farmers market in the summer. The Crescent Moon is a German beer bar, and the Lemon Drop is a more quintessential American bar with pool tables and music.

Omaha:
June Rent Report

Welcome to the June 2021 Omaha Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 2021 key findings and figures for the Omaha rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Omaha and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Omaha average rent prices in the chart below.

Monthly Rent Report

Omaha Rent Prices Decrease From May to June

Omaha rent prices decreased over the last month. From May to June, the city experienced a -2.37% decrease for the price of a one-bedroom apartment. The rent price for a Omaha one-bedroom apartments currently stands at $824.0.

When we take a look at the two-bedroom comparison from May to June, Omaha experienced a -2.23% decrease for the price of a two-bedroom apartment. The rent price for a Omaha two-bedroom apartments currently stands at $1,010.0.

June Prices: Omaha vs. Surrounding Areas

Rent Prices in Omaha and Surrounding Areas

Rent prices have decreased in Omaha over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Omaha suburbs increased last month. On the other hand, 7 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Omaha suburbs

  • Rent decreased in Bellevue, NE, Elkhorn, NE, Council Bluffs, IA, Ralston, NE, Papillion, NE, Fremont, NE, Millard, NE.

  • 6 suburbs are currently priced higher than the city of Omaha.

  • 1 suburb is currently priced lower than the city of Omaha.

June 2021 Pricing Trends: Omaha vs. National Comparisons

Omaha Rent Prices More Affordable Than Major Cities

Rent growth in Omaha over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Omaha average rent prices appear to be relatively affordable for local residents.

The price for a Omaha one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of Rentable's June 2021 National Apartment Report and data set here.

For more information about Omaha and surrounding area rent prices, take a look at the complete data set below.

Data set for Omaha and suburbs

1 BR June 1 BR M/M % Change 2 BR June 2 BR M/M % Change
Omaha, NE $844.0 -2.88% $1,033.0 -1.24%
Bellevue, NE $851.0 -0.93% $973.0 -1.62%
Elkhorn, NE $938.0 -0.32% $1,064.0 -3.45%
Council Bluffs, IA $923.0 -1.28% $978.0 -0.20%
Ralston, NE $794.0 -3.41% $927.0 -1.70%
Papillion, NE $1,118.0 -1.93% $1,381.0 1.25%
Fremont, NE $937.0 -3.70% $790.0 -4.01%
Millard, NE $958.0 -0.93% $1,148.0 -0.09%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.