Average Rent in Omaha, IA↑ Rents rising 7.8% YoY🔺 Most expensive in IA

Omaha, IA has rental prices ranging from $990/month to $1,864/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,052/month — 25% below the national average of $1,400/month. With a median household income of $83,023/year, spending $1,052/month on a 1-bedroom represents 15% of gross income — within the recommended 30% threshold.

How Omaha Compares

With an average 2-bedroom rent of $1,261/month, Omaha ranks #1 most expensive of the 94 cities tracked in Iowa — pricier than 85% of all US cities in our data.

The Omaha Rental Market

The Omaha, IA area has a population of about 972,840 and 34% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Omaha, IA have risen by $91/month (7.8%) over the past year, from $1,170 to $1,261. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Omaha, IA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $42,080. The local median household income of $83,023 exceeds that threshold by $40,943, making Omaha relatively accessible compared to local wages.

Is Omaha, IA Affordable?

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

Rent or Buy in Omaha?

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

Living in Omaha

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