Omaha multifamily market, October 2026

Neither side has the edge in Omaha, and it is holding steady: asking rents are up 0.8% on a year, while jobs grew 1.3%.

Updated October 31, 2026 · from Zillow, BLS and the US Census Bureau

+0.8%

Asking rent, year over year

Zillow · September 2026

+1.3%

Jobs, year over year

BLS · September 2026, preliminary

3.6%YEARLY

Vacancy

Census · 2024 count

What is moving now

Asking rents are up 0.8% on a year to September 2026, which is the figure the condition is read from. Jobs are up 1.3% over the same year to September 2026, a first release the BLS revises the following month. Nothing is pulling hard either way in the latest figures (September 2026).

The backdrop

These are yearly Census counts, not this month's: 3.6% of rentals sat empty in 2024, permits for new apartments were down 21% in 2025, more people moved in than out in 2025, and the typical rent was $1,230 a month in 2024. They are the background the monthly figures move against, and they are the newest the Census has published.

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Common questions about Omaha

Answered from the data, updated October 31, 2026

Is the Omaha rental market tight or soft right now?

In Omaha right now, neither side has a clear edge, and it is stable.

Which way is the Omaha market heading?

Omaha is stable right now, as asking rents firm over the past year (Zillow ZORI, monthly).

Is Omaha a landlord's or a renter's market?

Omaha is a balanced market right now, with neither side holding a clear edge.

What is the vacancy rate in Omaha?

Vacancy in Omaha is 3.6% in the 2024 count, a yearly snapshot rather than a monthly reading (US Census Bureau).

How much have Omaha rents changed?

Asking rents in Omaha are up 0.8% over the past year (Zillow ZORI, monthly, latest Sep 2026).

Recent coverage

Daily, from the MetroSgnl news feed. Headlines only.

Change to plumbing code could make housing more affordable in Omaha. Here's howNebraska Public Media

Oct. 27 | Single-subject rule, Omaha housing, Pillen lawsuitNebraska Public Media

Omaha tapped for Bloomberg housing initiativeNebraska Public Media

Omaha among 14 U.S. cities tapped for Bloomberg housing program; a goal is more ‘granny flats’Nebraska Examiner

Omaha nonprofit raising funds for homeless veterans housing projectOmaha Reader

New Omaha home will give pregnant women emergency housingKETV

See all Omaha news →

Data: Zillow ZORI, BLS, US Census Bureau, FRED, and the MetroSgnl news feed. Recomputed daily. Market information only, not investment advice.
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