Rent Tracker
Rent Inflation in Grand Island, NE
The average asking rent in Grand Island, NE is $1,319/month as of 2026-08. That is -0.8% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,319/mo
as of 2026-08
Year-over-Year Change
-0.8%
24-Month Rent Trend
Monthly ZORI index values for Grand Island, NE.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,319 | -0.60% |
| 2026-07 | $1,327 | -0.15% |
| 2026-06 | $1,329 | -0.08% |
| 2026-05 | $1,330 | -0.45% |
| 2026-04 | $1,336 | -0.07% |
| 2026-03 | $1,337 | +0.22% |
| 2026-02 | $1,334 | +0.45% |
| 2026-01 | $1,328 | -0.23% |
| 2025-12 | $1,331 | +1.45% |
| 2025-11 | $1,312 | -1.13% |
| 2025-10 | $1,327 | +0.99% |
| 2025-09 | $1,314 | -1.20% |
| 2025-08 | $1,330 | +1.29% |
| 2025-07 | $1,313 | -0.23% |
| 2025-06 | $1,316 | +0.15% |
| 2025-05 | $1,314 | -1.13% |
| 2025-04 | $1,329 | -0.23% |
| 2025-03 | $1,332 | +1.06% |
| 2025-02 | $1,318 | +2.25% |
| 2025-01 | $1,289 | +1.50% |
| 2024-12 | $1,270 | +0.24% |
| 2024-11 | $1,267 | +0.88% |
| 2024-10 | $1,256 | +0.48% |
| 2024-09 | $1,250 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
Compare All Cities
Open Full Rent Tracker →Other Cities
Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices