Apartments in Near South Omaha

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9
$715
1915 S 44th St Omaha, NE
1 BR | Available Now
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29
$685
1915 S 44th St Omaha, NE
2 BR | Available Now
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Air Conditioning
Balcony/Deck/Patio
Fitness Center
0
$2,595
Omaha, NE
2 BR | Available Now
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0
$1,200
2733 S 16th St Omaha, NE
2 BR | Available Now
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7
$965
Omaha, NE
2 BR | Available Now
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1
$800
5936 Grover St Omaha, NE
Studio | Available Now
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19
$1,350
3056 S 60th St Omaha, NE
2 BR | Jan. 3, 2025
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7
$750
Omaha, NE
1 BR | Available Now
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5
$690
Omaha, NE
1 BR | Available Now
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10
$1,230
1917 S 18Th St Omaha, NE
2 BR | Available Now
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Omaha:
November Rent Report

Welcome to the November 2024 Omaha Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Omaha rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Omaha and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Omaha average rent prices in the chart below.

Monthly Rent Report

$1,400
$1,050
$700
$350
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Omaha Rent Prices Increase From October to November

Omaha rent prices increased over the last month. From October to November, the city experienced a 1.38% increase for the price of a one-bedroom apartment. The rent price for a Omaha one-bedroom apartments currently stands at $954.0.

When we take a look at the two-bedroom comparison from October to November, Omaha experienced a 2.14% increase for the price of a two-bedroom apartment. The rent price for a Omaha two-bedroom apartments currently stands at $1,336.0.

November Prices: Omaha vs. Surrounding Areas

Papillion, NE
Elkhorn, NE
La Vista, NE
Bellevue, NE
Fremont, NE
Council Bluffs, IA
Omaha, NE
$1,382
$1,264
$1,050
$1,035
$988
$943
$941
$0
$450
$900
$1,350
$1,800
Median 1 BR Rent

Rent Prices in Omaha and Surrounding Areas

Rent prices have increased in Omaha over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 3 of the Omaha suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Elkhorn, NE, Council Bluffs, IA, Papillion, NE .

  • Rent decreased in Bellevue, NE, La Vista, NE, Fremont, NE.

  • 5 suburbs are currently priced higher than the city of Omaha.

  • 1 suburb is currently priced lower than the city of Omaha.

November 2024 Pricing Trends: Omaha vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Omaha, NE
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$941
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Omaha Rent Prices More Affordable Than Major Cities

Rent growth in Omaha over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Omaha average rent prices appear to be relatively affordable for local residents.

The price for a Omaha one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Omaha and surrounding area rent prices, take a look at the complete data set below.

Data set for Omaha and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
Omaha, NE $941.0 2.84% $1,308.0 3.32%
Bellevue, NE $1,035.0 -0.19% $1,262.0 6.77%
Elkhorn, NE $1,264.0 2.10% $1,490.0 0.81%
Council Bluffs, IA $943.0 9.65% $1,000.0 0.81%
La Vista, NE $1,050.0 -1.41% $1,273.0 -2.45%
Fremont, NE $988.0 -4.17% $1,347.0 -3.51%
Papillion, NE $1,382.0 0.29% $1,744.0 -0.91%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.