RentData

Average Rent in Platte County, NE Rents rising 1.9% YoY🔺 8th priciest in NE

HUD FY2025 · Official government data · Updated annually · Metro pop. 34,358

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Platte County, NE has rental prices ranging from $651/month to $1,260/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $724/month — 48% below the national average of $1,400/month. With a median household income of $72,335/year, spending $724/month on a 1-bedroom represents 12% of gross income — within the recommended 30% threshold.

How Platte County Compares

With an average 2-bedroom rent of $950/month, Platte County ranks #8 most expensive of the 88 cities tracked in Nebraska — pricier than 56% of all US cities in our data.

The Platte County Rental Market

The Platte County, NE area has a population of about 34,358 and 28% 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 Platte County, NE have risen by $18/month (1.9%) over the past year, from $932 to $950. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Platte County, NE without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $28,960. The local median household income of $72,335 exceeds that threshold by $43,375, making Platte County relatively accessible compared to local wages.

Economy & Jobs

Platte County, NE has an unemployment rate of 2.4%, 1.5 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 FY2025
Studio
$651
Affordable
1 Bedroom
$724
Affordable
2 Bedrooms
$950
1.9% YoY
Affordable
3 Bedrooms
$1,255
Affordable
4 Bedrooms
$1,260
Affordable
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Is Platte County, NE Affordable?

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

Affordability Index(30% income rule)

To rent a 2BR
$38,000/year
Local median income: $72,335
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $950/month and 20% down on a home at 7% rate.

Nearby Cities in NElargest metros in the state

CityStudio1BR2BR3BRHome 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 Platte County?

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

Should I Rent or Buy?

Break-even analysis using real Platte County data

$
Home Value
$350,000
2BR Rent
$950/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 5 years — worth it if you stay 5+ years.

Total monthly buy cost: $2,577/movs rent: $950/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Platte County

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

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Frequently Asked Questions

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🏘️Neighborhoods in Platte County

Compare rent & home prices by neighborhood

💵Rent Affordability in Platte County

Salary needed to afford rent here

🗺️All Cities in NE

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⚖️Compare Platte County

Side-by-side rent & cost of living with any city

📋NE Tenant Rights

Deposit limits, eviction laws & renters protections