Average Rent in Nance County, NE↑ Rents rising 4.0% YoY🔻 2nd cheapest in NE
HUD FY2025 · Official government data · Updated annually · Metro pop. 3,342
Market Overview
Nance County, NE has rental prices ranging from $622/month to $1,204/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $691/month — 51% below the national average of $1,400/month. With a median household income of $65,438/year, spending $691/month on a 1-bedroom represents 13% of gross income — within the recommended 30% threshold.
How Nance County Compares
With an average 2-bedroom rent of $907/month, Nance County ranks #87 most expensive of the 88 cities tracked in Nebraska — more affordable than 71% of all US cities in our data.
The Nance County Rental Market
The Nance County, NE area has a population of about 3,342 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 Nance County, NE have risen by $35/month (4.0%) over the past year, from $872 to $907. This modest growth is consistent with broader inflationary trends seen across US rental markets.
Affordability
To afford a 1-bedroom apartment in Nance County, NE without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $27,640. The local median household income of $65,438 exceeds that threshold by $37,798, making Nance County relatively accessible compared to local wages.
Economy & Jobs
Nance County, NE has an unemployment rate of 2.6%, 1.3 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.
Fair Market Rents
HUD FY2025Is Nance County, NE Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in NElargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Lincoln | $815 | $910 | $1,125 | $1,576 | — |
| Hall County | $770 | $911 | $1,123 | $1,426 | — |
| Buffalo County | $651 | $778 | $941 | $1,254 | — |
| Dodge County | $690 | $767 | $1,006 | $1,212 | — |
| Scotts Bluff County | $645 | $759 | $940 | $1,317 | — |
| Madison County | $636 | $707 | $928 | $1,192 | — |
Rent or Buy in Nance County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Nance County data
Renting appears to be the better financial choice for this scenario.
Living in Nance County
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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💵Rent Affordability in Nance CountySalary needed to afford rent here
🗺️All Cities in NESee how Nance County ranks statewide
⚖️Compare Nance CountySide-by-side rent & cost of living with any city
📋NE Tenant RightsDeposit limits, eviction laws & renters protections