Central Omaha renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Central Omaha is about $1,197 per month. This puts it in the 84th percentile compared to the city average cost of rent, which is $1,113. Households in Central Omaha have a median income of $7,976 per month so the average renter in Central Omaha is spending roughly 15% of their earnings on housing.
Nationally, and in Central Omaha, home values are the data point most closely correlated with the cost of rent. The median price of a home in Central Omaha is $340,586 right now, which is higher than nearby neighborhoods, meaning that rents in Central Omaha also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the southwestern parts of Central Omaha while lower rent rates are often available in northern areas.
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