13

Studio Apartments for Rent in Grand Island, NE

Section Image
  • /20

    Starting at $745 Per Month

    • Studio - 2 Beds

    504 N Elm St, Grand Island, NE 68801

    Welcome home to Old Walnut! Located in the heart of Grand Island, Nebraska, our unique apartment community makes it easy to explore all your favorite shops, restaurants, and entertainment venues. With Lincoln Highway close at hand, every destination is moments away. Let us be the gateway to your future.

    Old Walnut

    (308) 248-4951

    504 N Elm St, Grand Island, NE 68801
  • /20

    Starting at $1,075 Per Month

    • Studio - 3 Beds

    1021 Starwood Ave, Grand Island, NE 68803

    Welcome to The Residences at Oak Pointe, elevated living in the heart of Grand Island, Nebraska. Located just off Highway 281 and 13th Street, our pet-friendly community offers studio, one-, two-, and three-bedroom apartments. Enjoy spacious layouts with 9-foot ceilings, private patios or balconies, and modern designs—perfectly complemented by nearby shopping, dining, and entertainment within a

    Residences at Oak Pointe

    (308) 646-2360

    1021 Starwood Ave, Grand Island, NE 68803
  • /20

    Starting at $1,099 Per Month

    • Studio - 3 Beds

    3721 W Capital Ave, Grand Island, NE 68803

    Welcome to where luxury meets lifestyle in the heart of a vibrant community. With a diverse selection of thoughtfully designed floor plans, our homes offer the perfect fit for individuals and families alike. Modern finishes, upscale appliances, and stylish details elevate your living experience to a new level of comfort and sophistication.We proudly uphold The Sterling Standard our

    The Sterling Apartments at Grand Island

    (308) 248-4230

    3721 W Capital Ave, Grand Island, NE 68803

Why Live in Grand Island

The Stuhr Museum of the Prairie Pioneer transports visitors to an authentic 1890s railroad town, while the historic Railside District features local shops and outdoor concerts at Railside Plaza. The Nebraska State Fair brings exhibits, concerts, and carnival attractions annually, complementing year-round entertainment at Fonner Park's horse racing and casino. Outdoor recreation includes the Island Oasis Water Park with wave pools and slides, plus an extensive trail network throughout the city. Local dining highlights include the 80-year-old Coney Island Lunch Room, Wasabi Bistro's Asian cuisine, and The Chocolate Bar's culinary delights.

The Grand Island housing market includes various property types. Single-family homes have a median price of $270,000. Condominiums start at a median price of $136,000 for one-bedroom units and reach $294,500 for two-bedroom properties. Townhomes show a median price of $295,000. Hall County has a property tax rate of 1.37%, with Hastings at 1.44% and Kearney at 1.45%. The Nebraska state income tax rate is 5.20% for annual incomes of $40,374, with a combined sales tax rate of 6.97%.

Major employers include JBS Swift & Company, Case New Holland, and Chief Industries, supporting a stable job market. The Central Nebraska Regional Airport connects residents to select destinations, while Interstate 80 provides access to Omaha, 150 miles east. The climate features summer highs in the upper 80s Fahrenheit and winter lows in the teens, receiving 27 inches of rain and 29 inches of snow annually.

Frequently Asked Questions

How much does it cost to rent a home in Grand Island, NE?
The median rent for a home in Grand Island, NE is $1,700 per month, though prices vary by neighborhood, size, and property type. As of June 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Grand Island, NE?
To comfortably afford the median rent in Grand Island, NE, a household needs to earn roughly $68,000 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 $1,700 per month in Grand Island, NE, renters typically need to show $5,100 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 Grand Island, NE?
In Grand Island, NE, the price-to-rent ratio is 13.5, 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.

Rental Trends in Grand Island, NE

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$1,700
Median Single Family Home Rent
$1,700
Median Townhouse Rent
$1,500
Median Condo Rent
$1,600
How to Rent a Home