Omaha rents and rental comps
The median asking rent across 16 Omaha zip codes is $1,318/month, down 1.9% from a year ago.
Stable Midwest market with a diversified economy, consistent demand, and Warren Buffett's stamp of approval. The rent-to-price ratios are the kind of sensible that value investors appreciate.
Median Asking Rent
$1,318
Rent Change (YoY)
-1.9%
Avg Days on Market
54
Active Rental Listings
808
Median List Price
$279,500
Median Asking Rent Over Time
Average across 16 zip codes
Median Asking Rent by ZIP Code
Rental Listings by ZIP Code
ZIP | Median Rent |
|---|---|
| 68135 | $2,150/mo |
| 68116 | $1,900/mo |
| 68137 | $1,709/mo |
| 68106 | $1,700/mo |
| 68124 | $1,650/mo |
| 68104 | $1,495/mo |
| 68114 | $1,435/mo |
| 68144 | $1,380/mo |
| 68111 | $1,337/mo |
| 68110 | $1,300/mo |
| 68105 | $1,175/mo |
| 68108 | $1,100/mo |
| 68102 | $1,095/mo |
| 68127 | $1,090/mo |
| 68134 | $900/mo |
| 68107 | $895/mo |
Comps for any address in Omaha
Type the address, get the comps. No setup.
Median Asking Rent by Bedroom
| Unit Size | Median Rent |
|---|---|
| Studio | $916/mo |
| 1 Bedroom | $910/mo |
| 2 Bedroom | $1,240/mo |
| 3 Bedroom | $1,900/mo |
| 4 Bedroom | $2,148/mo |
Aggregated median across all Omaha zip codes with available data.
For-Sale Listings by ZIP Code
| ZIP | Median List Price |
|---|---|
| 68102 | $590,000 |
| 68124 | $450,000 |
| 68116 | $380,000 |
| 68135 | $360,000 |
| 68114 | $345,000 |
| 68144 | $325,000 |
| 68137 | $298,000 |
| 68127 | $290,000 |
| 68106 | $279,500 |
| 68105 | $270,000 |
| 68134 | $269,900 |
| 68117 | $240,000 |
| 68107 | $225,000 |
| 68108 | $225,000 |
| 68104 | $210,000 |
| 68111 | $165,000 |
| 68110 | $139,000 |
HUD Fair Market Rents
| Unit Size | Fair Market Rent |
|---|---|
| Studio | $1,350/mo |
| 1 Bedroom | $1,430/mo |
| 2 Bedroom | $1,700/mo |
| 3 Bedroom | $2,250/mo |
| 4 Bedroom | $2,540/mo |
HUD publishes Fair Market Rents once a year for the Omaha metro area. Local housing authorities use them to set Section 8 voucher payment standards, usually 90% to 110% of the FMR.
About the Omaha rental market
The median asking rent across Omaha, NE sits at $1,318/month, pulled from active rental listings in 16 zip codes. That's down 1.9% 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 $895/month. That's a 140% 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 $1,240/month at the median. 1-bedrooms run about $910. 3-bedrooms come in around $1,900.
Listings take longer here. The average is 54 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 5.7% ($1,318/month against $279,500 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 22% 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.
Pull rental comps for an address in Omaha
City-wide medians are the headline. The comps that actually price a property come from the block it's on. Search any Omaha address to see them.
Nearby rental markets
Indianapolis, IN
17 zip codes
Columbus, OH
17 zip codes
Minneapolis, MN
17 zip codes
Kansas City, MO
17 zip codes
Chicago, IL
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Detroit, MI
20 zip codes
Related guides
How to find rental comps
What rental comps actually are, what makes one good or weak, and how to use them to price a rental without guessing.
What is fair market rent?
What HUD's fair market rent actually means, how it ties into Section 8, and when it should change how you price a rental.
How Section 8 payment standards work
The three numbers landlords mix up, the 90 to 110 percent band, and a worked example of what the voucher actually pays.