43 Cheap Apartments for rent in Omaha, NE

Last updated September 26 at 12:28AM
623 S 35th St
Omaha
Omaha, NE
Updated September 21 at 5:42PM
1 Bedroom
$495
4903 Underwood
Dundee
Omaha, NE
Updated September 25 at 6:20PM
2 Bedrooms
$750
3816 N 109th Plaza
Omaha
Omaha, NE
Updated September 23 at 6:56PM
2 Bedrooms
$699
616 N 46th St
Dundee
Omaha, NE
Updated September 21 at 5:42PM
1 Bedroom
$495
4621 N 56th St
Benson
Omaha, NE
Updated September 24 at 6:16PM
1 Bedroom
$495
4619 N 56th St
Benson
Omaha, NE
Updated September 24 at 9:56AM
1 Bedroom
$495
N 48th St
Dundee
Omaha, NE
Updated September 24 at 7:28AM
2 Bedrooms
$700
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Rent Report
Omaha

September 2017 Omaha Rent Report

Welcome to the September 2017 Omaha Rent Report. Omaha rents increased over the past month. In this report, we'll evaluate trends in the Omaha rental market, including comparisons to similar cities nationwide.

Omaha rents increased over the past month

Omaha rents have increased 0.1% over the past month, and are up moderately by 3.5% in comparison to the same time last year. Currently, median rents in Omaha stand at $770 for a one-bedroom apartment and $960 for a two-bedroom. This is the seventh straight month that the city has seen rent increases after a decline in January. Omaha's year-over-year rent growth leads the state average of 2.4%, as well as the national average of 3.0%.

Omaha rents more affordable than many large cities nationwide

As rents have increased in Omaha, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Omaha is still more affordable than most large cities across the country.

  • Omaha's median two-bedroom rent of $960 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 3.5% increase in Omaha.
  • While Omaha's rents rose over the past year, the city of Miami saw a decrease of 0.4%.
  • Renters will find more reasonable prices in Omaha than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than three times the price in Omaha.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.