Omaha is home to approximately 408,000 people, making it the most populous city in Nebraska by a significant margin. Five Fortune 500 companies are based out of Omaha, but the most well known by far is Berkshire Hathaway. This is the company of Warren Buffet, one of the richest men in the world. He has for decades carried a nickname based on his hometown, as many refer to him as the "Oracle of Omaha."Omaha is a very diverse city, and people in almost any industry stand a chance of building a thriving career there. The city has been steadily developing into a city with all the hallmarks of a major center, including an ever-increasing skyline, and the construction of large facilities such as the Holland Performing Arts Center, which was opened ten years ago.
Omaha has many more vacant apartments than most places around the country. This gives you some flexibility as a prospective renter, because you don't have to time your search just to have a chance of finding a good place. At any time of year, you should be able to find a decent apartment in Omaha in less than six weeks.
Finding an apartment can be hard, especially when there are so many choices. Adding a filter can help narrow your search. With our Quick Filters below, you can search by a price and amenities. After following one of these links, be sure to check out the advanced search filters and then sign up for an Email Alert so you can receive new listings that match your needs.
Omaha landlords are usually very eager to try and fill their vacant apartments. As a result, in some ways you may have the upper hand when looking for an apartment. Don't be afraid to try and negotiate a little bit when moving in, as you may find landlords more flexible than you expect.
Omaha is a great city for cycling, with bike lanes and paths cutting through a lot of the city. However, the constant elevation changes can be difficult if you're new to cycling. If you need to get around quickly, the Metro Area transit service provides excellent local bus service.
Omaha is a cultural hotbed, with several great museums, including Love's Jazz and Art Center, and the Joslyn Art Museum. Beautiful parks also abound, such as the Gene Leahy Mall and the Heartland of America Park. The Old Market is a beautiful taste of the old world, complete with a farmers market in the summer. The Crescent Moon is a German beer bar, and the Lemon Drop is a more quintessential American bar with pool tables and music.
Welcome to the August 2020 Omaha Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the August 2020 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 rent prices in the chart below.
Omaha rent prices increased over the last month. From July to August, the city experienced a 1.06% increase for the price of a one-bedroom apartment. The rent price for a Omaha one-bedroom apartments currently stands at $860.0.
When we take a look at the two-bedroom comparison from July to August, Omaha experienced a 1.56% increase for the price of a two-bedroom apartment. The rent price for a Omaha two-bedroom apartments currently stands at $1,040.0.
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 2 of the Omaha suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in Bellevue, NE, Ralston, NE .
Rent decreased in Fremont, NE, Council Bluffs, IA, Elkhorn, NE, Papillion, NE.
3 suburbs are currently priced higher than the city of Omaha.
3 suburbs are currently priced lower than the city of Omaha.
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 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.
You can view the full rundown of ABODO's August 2020 National Apartment Report and data set here.
For more information about Omaha and surrounding area rent prices, take a look at the complete data set below.
|1 BR August||1 BR M/M % Change||2 BR August||2 BR M/M % Change|
|Council Bluffs, IA||$972.0||-0.10%||$851.0||3.53%|
Each month, using over 1 million ABODO 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.