$715
Total Monthly Price
- Studio
- 1 Bath
- 400 Sq Ft
- Condo for Rent
1240 S 10th St Unit 21, Omaha, NE 68108
Charming studio located near Downtown Omaha in a beautiful historic building.
Frequently Asked Questions
How much does it cost to rent a condo in Omaha, NE?
The median rent for a condo in Omaha, NE is $1,100 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Omaha, NE?
To comfortably afford the median rent in Omaha, NE, a household needs to earn roughly $66,120 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,653 per month in Omaha, NE, renters typically need to show $4,959 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Omaha, NE?
In Omaha, NE, the price-to-rent ratio is 15.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Omaha, NE are best for renting a condo?
The best neighborhood for renting in Omaha, NE depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Midtown Omaha, Dundee, Leavenworth, Downtown Omaha and Ford Birthsite, each with its own character and price range.
