Rent in Grand Island, NE
Across Grand Island's 3 ZIP codes, a 2-bedroom typically rents for about $1,052 a month, with figures from $1,011–$1,210. The highest typical rent is in 68802 ($1,210) and the lowest in 68801 ($1,011). 2 ZIPs have ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Hall County pay about 1.39% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $810 | $732–$902 | 3 |
| 1 bed | $791 | $775–$972 | 3 |
| 2 beds | $1,052 | $1,011–$1,210 | 3 |
| 3 beds | $1,215 | $1,148–$1,505 | 3 |
| 4 beds | $1,388 | $1,349–$1,928 | 3 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Grand Island ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Grand Island, NE?
- About $1,052 a month: the median of the typical rents in 3 ZIP codes, which range from $1,011–$1,210. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Grand Island, NE?
- About $791 a month: the median of the typical rents in 3 ZIP codes, which range from $775–$972. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Grand Island, NE?
- About $1,215 a month: the median of the typical rents in 3 ZIP codes, which range from $1,148–$1,505. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Grand Island, NE?
- About $810 a month: the median of the typical rents in 3 ZIP codes, which range from $732–$902. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Grand Island, NE?
- About $1,388 a month: the median of the typical rents in 3 ZIP codes, which range from $1,349–$1,928. Figures are gross rent (rent plus tenant-paid utilities).
- Which Grand Island ZIP code has the highest rent?
- For a 2-bedroom, 68802 has the highest typical rent at $1,210 a month, and 68801 the lowest at $1,011.
- What is the property tax rate in Grand Island, NE?
- Owner-occupied homes in Hall County pay a typical 1.39% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Grand Island rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).