Sunset in one of the cheapest places to live in Nebraska

The Cheapest Places to Live in Nebraska for 2024

Looking for the cheapest places to live in Nebraska? You’re in the right spot. Whether you’re a student, a young professional, or a family on a budget, Nebraska is full of cities where you can live affordably without sacrificing quality of life. 

In this brief guide, we’ll explore six of the most cost-effective cities in the Cornhusker State. We’ll detail average rents—from studios to two-bedroom apartments—and dive into the local job markets and most popular affordable attractions. If you’re aiming to live comfortably without overspending, these six cities should be at the top of your list for the cheapest places to live in Nebraska.

Overcast day in downtown Grand Island, Nebraska

1. Grand Island

Average rent: $860

Grand Island tops our list as the most affordable city for renters in Nebraska, with an average rent of just $860. One-bedroom apartments average around $747, making it easy on your wallet. Even if you need more space, two-bedroom options are still reasonable, averaging $847.

In Grand Island, a couple of the larger employers are the Nebraska Central Railroad and JBS Swift, a leading meatpacking company. If you’re looking for things to do, the city has several free and low-cost attractions. The Stuhr Museum of the Prairie Pioneer is a must-see, with its fascinating glimpse into the area’s history. For outdoorsy types, Pier Park has scenic trails and pristine picnic areas, perfect for a weekend escape without spending much.

Apartments for rent in Grand Island | Houses for rent in Grand Island | Homes for sale in Grand Island

2. Kearney

Average rent: $989

Kearney offers affordable living with an average rent of $989, making it a strong contender for budget-conscious renters in Nebraska. One-bedroom apartments in Kearney average $853, and even two-bedroom units are quite affordable at $1,015. 

Kearney is home to major employers like CHI Health Good Samaritan and the University of Nebraska at Kearney, both providing stability to the local economy. When it comes to entertainment, you won’t need to dig deep into your pockets. Cottonmill Park is a peaceful retreat with walking trails and wide open spaces, all at no cost.

Apartments for rent in Kearney | Houses for rent in Kearney | Homes for sale in Kearney

Drone view of one of the most affordable places for renters to live in Nebraska

3. Bellevue

Average rent: $1,064

With an average rent of $1,064, Bellevue balances affordability and accessibility. While one-bedroom apartments average $1,017, studios are quite a bargain at $979. 

The city benefits from its proximity to Offutt Air Force Base, one of the area’s largest employers. For some fun under the sun, Bellevue has several low-cost options. Fontenelle Forest, a vast nature reserve, is perfect for hiking and enjoying Nebraska’s natural beauty. The Bellevue Berry Farm & Pumpkin Ranch is a local favorite, offering seasonal activities that are fun and frugal.

Apartments for rent in Bellevue | Houses for rent in Bellevue | Homes for sale in Bellevue 

4. Fremont

Average rent: $1,150

Fremont’s average rent is $1,150. While one-bedroom apartments average $1,085, studios are even cheaper at $915. Fremont is ideal for those looking for a combination of affordability and comfort in their living spaces.

Fremont’s economy is supported by major employers like Hormel Foods and Fremont Health. For entertainment, Fremont Lakes State Recreation Area is a true gem, with fishing, swimming, and camping for minimal fees. Additionally, the Fremont Opera House holds budget-friendly performances throughout the year.

Apartments for rent in Fremont | Houses for rent in Fremont | Homes for sale in Fremont

Cloudy day in Lincoln, one of the cheapest places to live in Nebraska

5. Lincoln

Average rent: $1,206

Lincoln, with an average rent of $1,206, offers a range of affordable housing options. While studio apartments in Lincoln are priced at $987, one-bedroom units average $1,170, which is still manageable. The city’s rental market is ideal for those looking for a lively environment without the high costs typically associated with larger cities.

The University of Nebraska is one of the largest employers in Lincoln and the driving force behind the city’s reputation as an elite Nebraska college town. For a little fun, Lincoln’s Sunken Gardens is a stunning, free-to-visit botanical garden that’s perfect for a relaxing day out. The city is also home to plenty of parks and trails, like the popular Wilderness Park.

Apartments for rent in Lincoln | Houses for rent in Lincoln | Homes for sale in Lincoln

6. Omaha

Average rent: $1,244

Omaha is the largest city in Nebraska and has an average rent of $1,244. Studio apartments average $1,010, offering a bit of relief compared to the overall average. If you need more space, two-bedroom apartments go for about $1,550, which is still reasonable for a city of this size.

Omaha’s economy is diverse, with noteworthy employers including Berkshire Hathaway, Union Pacific Railroad, and the University of Nebraska Medical Center. The city also has plenty of affordable attractions. The Joslyn Art Museum, with its extensive collection, offers free admission on certain days. Additionally, the Omaha Henry Doorly Zoo, although not free, provides a day of adventure at a reasonable cost, especially if you take advantage of discount days.

Apartments for rent in Omaha | Houses for rent in Omaha | Homes for sale in Omaha

Methodology

All cities must have over 25,000 residents per the US Census and have an average rent price under or within $200 of the median rent price for the state – which is $1,042 per month according to Redfin data. Average rental data from Rent.com July 2024. 

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