Omaha rents and rental comps

The median asking rent across Omaha, NE sits at $1,298/month, pulled from active rental listings in 16 zip codes. That's down 6.8% from a year ago.

Rents aren't uniform across the city. ZIP 68135 tops the list at $2,150/month. ZIP 68107 comes in lowest at $898/month. That's a 139% spread between the top and bottom zip codes, which is wide. City-wide averages won't tell you much about a specific property here.

A 2-bedroom rents for $1,385/month at the median. 1-bedrooms run about $950. 3-bedrooms come in around $1,750.

Listings take longer here. The average is 55 days on market, which gives renters more room to negotiate and means landlords should price carefully.

Rent-to-price math is tight in Omaha. The gross figure sits at about 5.4% ($1,298/month against $289,000 median price). Most investors here are betting on appreciation, not monthly cash flow.

HUD's Fair Market Rent for a 2-bedroom in the Omaha metro is $1,700/month. Asking rents come in about 24% below the federal benchmark, which can make Section 8 properties competitive here.

Omaha works quietly. Berkshire Hathaway is headquartered here, along with Mutual of Omaha, ConAgra, and Union Pacific. That base gives the city more economic diversity than you'd expect. Dundee, Benson, and Aksarben are premium. South Omaha and the North Side are cheaper. Offutt Air Force Base adds military renter demand. Rent growth is steady, vacancy is reasonable, entry points are affordable. The market doesn't make headlines, and that's the point. Strong option for investors who want a Midwest cash flow market without the risks that come with more distressed cities.

These numbers are city-wide averages. If you're pricing a specific property in Omaha, pull comps from the same zip code. The spread is usually bigger than people expect.