Average Rent in Boone County, NE↑ Rents rising 5.5% YoY🔻 2nd cheapest in NE

Boone County, NE has rental prices ranging from $734/month to $1,333/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $775/month — 45% below the national average of $1,400/month. With a median household income of $71,367/year, spending $775/month on a 1-bedroom represents 13% of gross income — within the recommended 30% threshold.

How Boone County Compares

With an average 2-bedroom rent of $1,014/month, Boone County ranks #88 most expensive of the 89 cities tracked in Nebraska — more affordable than 63% of all US cities in our data.

The Boone County Rental Market

The Boone County, NE area has a population of about 5,366 and 21% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Boone County, NE have risen by $53/month (5.5%) over the past year, from $961 to $1,014. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Boone County, NE without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $31,000. The local median household income of $71,367 exceeds that threshold by $40,367, making Boone County relatively accessible compared to local wages.

Economy & Jobs

Boone County, NE has an unemployment rate of 1.9%, 2.0 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Is Boone County, NE Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Boone County?

Break-even analysis and mortgage estimates based on local market data.

Living in Boone County

Cost of living, job market, crime rates, and moving cost estimates.