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Studio Apartment for Rent in Norfolk, NE

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    $700

    Total Monthly Price

    • Studio
    • 0.5 Baths
    • 600 Sq Ft
    • House for Rent

    206 W Pasewalk Ave Unit Lower Main, Norfolk, NE 68701

    This is a private room in a shared home. There is one room available. There is a shared kitchen. The lower room has a private bathroom and a large living space. This room comes with a private bathroom.

    206 W Pasewalk Ave Unit Lower Main, Norfolk, NE 68701

Why Live in Norfolk

Norfolk, Nebraska, located about 120 miles northwest of Lincoln and Omaha, is the economic hub of Madison County, known for its farming, manufacturing, and retail industries. Founded in 1866 by German immigrants, Norfolk has a population of approximately 26,000 and is the eighth-largest city in the state. The city’s economy is diverse, with traditional food production and steel manufacturing now complemented by healthcare, technology, and insurance sectors. Norfolk has recently gained recognition for its revitalization efforts, particularly the North Fork Riverfront Development, which includes the North Fork Whitewater Park. This $25 million project has increased tourism and business, featuring engineered rapids for rafting and kayaking. The city maintains 16 parks, including the renovated Johnson Park with an ice rink, nature playground, and amphitheater. Downtown Norfolk has seen growth with new bars, boutiques, and restaurants, and is just three blocks from the North Fork Whitewater Park. Housing options in Norfolk range from pre-existing homes to new constructions, with styles including manufactured homes, century-old cottages, farmhouses, and custom ranch-style homes. Norfolk Public Schools serve the area, with schools receiving moderate ratings. The city is accessible via U.S. Highways 81 and 275 and Nebraska Highways 24 and 35, with Sioux Gateway Airport 90 miles away. Since 2020, Norfolk's crime rates have been mostly lower than the national and state averages, although periodic spikes have occurred.

Frequently Asked Questions

How much does it cost to rent a home in Norfolk, NE?
The median rent for a home in Norfolk, NE is $1,300 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Norfolk, NE?
To comfortably afford the median rent in Norfolk, NE, a household needs to earn roughly $52,000 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 $1,300 per month in Norfolk, NE, renters typically need to show $3,900 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 Norfolk, NE?
In Norfolk, NE, the price-to-rent ratio is 17.6, 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 Home Trends

Number of Homes for Rent
1
Median Rent
$1,300
Median Single Family Home Rent
$1,400
Median Condo Rent
$1,000
How to Rent a Home