Zumper
modified
Updated 5+ Days Ago

Highlights

  • Modern convenience
  • Granite countertops
  • Washer/dryer in-unit
  • Oval soaking tubs
  • High ceilings
  • Exposed timber and brick

Location

515 S 12th St, Omaha, NE 68102, USA|Old Market
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Contact

Management

PJ Morgan Real Estate

Leasing office

(402) 397-7775

Property Overview

The Residence at Old Marketplace earns a strong overall rating with standout amenities, a highly convenient location, and a solid balance of price and value. It also offers modern details like granite countertops, in-unit washer/dryer, oval soaking tubs, high ceilings, and exposed timber and brick, along with a large photo set and exceptional nearby dining, parks, and cultural options.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.0
Very Good
With a solid 8 out of 10 overall, The Residence at Old Marketplace is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, The Residence at Old Marketplace has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space
  • Balcony
  • Eco-friendly trash disposal

Great for

  • Social life

Floor plans

1BR/1.5BA1 bed1.5 bath1,488 sqft$2,100 /mo1 unit availableDiscover a stylish 1-bedroom, 1.5-bath apartment in Omaha featuring exposed brick and timber ceilings that add character and warmth. The residence offers high ceilings and hardwood flooring throughout, plus a gas fireplace for added ambiance. The gourmet kitchen is equipped with stainless steel appliances and granite countertops, ideal for everyday cooking and entertaining. This unit combines modern finishes with thoughtful design details for comfortable living. Garage spaces available for rent at and additional charge. ***Photos not of actual unit but of a similar one***
2BR/1.5BA2 bed1.5 bath1,454 sqft$1,850 /mo1 unit availableDiscover 515 S. 12th St in Omaha — a stylish two-bedroom, 1.5-bath apartment combining character and modern finishes. Hardwood flooring, exposed brick, and timber ceilings create warm, textured living spaces, while high ceilings enhance the open feel. The gourmet kitchen features granite countertops, stainless steel appliances, and a dishwasher. The living area includes a gas fireplace, and convenience is added with an in-unit washer/dryer. Garage spaces for rent at an additional cost. ***Photos not of actual unit but of a similar one***

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Amenities for The Residence at Old Marketplace

Apartment Amenities

DeckExposed Brick
FireplaceGas Fireplace
Gourmet KitchenGranite Countertops
Hardwood FloorHigh Ceilings
TrashWater

Appliances

DishwasherIn-Unit Laundry
MicrowaveOven
RangeRefrigerator
Stainless Steel AppliancesWasher and Dryer

Building

SewerTimber Ceiling

Grounds

On-Site Garage Parking
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

Building details

Property details

Units22

About The Residence at Old Marketplace

HomeApartments in OmahaOld Market The Residence at Old Marketplace

Discover a stylish 1-bedroom, 1.5-bath apartment in Omaha featuring exposed brick and timber ceilings that add character and warmth. The residence offers high ceilings and hardwood flooring throughout, plus a gas fireplace for added ambiance. The gourmet kitchen is equipped with stainless steel appliances and granite countertops, ideal for everyday cooking and entertaining. This unit combines modern finishes with thoughtful design details for comfortable living. Garage spaces available for rent at and additional charge. ***Photos not of actual unit but of a similar one***


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.0
/10
Very Good
With a solid 8 out of 10 overall, The Residence at Old Marketplace is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, The Residence at Old Marketplace has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated The Residence at Old Marketplace
Price·7A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
While the monthly rent is more than the median price per bedroom of nearby properties, The Residence at Old Marketplace has other amenities and features that might compensate for the increased price. The higher monthly rent potentially reflects a higher quality of living that renters might find here, compared to other properties in the area.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
The Residence at Old Marketplace stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—in-unit laundry—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Residence at Old Marketplace is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·7A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While it may not have as many distinctive features as similar properties in the surrounding area, renters can trust The Residence at Old Marketplace to provide reasonable accomodations and accurate details about its community.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The Residence at Old Marketplace provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

The Residence at Old Marketplace is great for:

Social life

  • 158 restaurants within 1 mile of this property
  • 99 museums, art galleries, or cultural centers within 1 mile
  • Area has 36 parks and recreation options
  • 24 theaters, music venues, or sports arenas nearby

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How The Residence at Old Marketplace compares to other nearby properties.

Positives

More space
The 1-bedroom is 742 sqft larger than other listings nearby
More space
The 2-bedroom is 336 sqft larger than other listings nearby
Balcony
Easy access to the outdoors
Eco-friendly trash disposal
This property has recycling pickup
Fireplace
In-unit features
Images Available
There are at least 10 photos of this property

Considerations

Greater distance from middle schools
The nearest middle school is farther than 2.6 miles away
Greater distance from high schools
The nearest high school is farther than 0.7 miles away
Greater distance from grade schools
The nearest elementary school is farther than 0.6 miles away

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Rent trends in Old Market

1-bedroom apartments here are priced 78% higher than 1-bedrooms in Old Market.

If you decide to upgrade your space, you can expect 2-bedrooms at The Residence at Old Marketplace to be 50% more than the average for similarly sized apartments in Old Market.

Median rents as of Oct 17 2026.
Old Market
Omaha
A table of studio rental data trends in Omaha
MonthMedian Rent
November 2024$1,000
December 2024$1,010
January 2025$1,005
February 2025$1,005
March 2025$988
April 2025$976
May 2025$965
June 2025$953
July 2025$949
August 2025$943
September 2025$938
October 2025$925
November 2025$948
December 2025$945
January 2026$954
February 2026$953
March 2026$920
April 2026$916
May 2026$947
June 2026$938
July 2026$926
August 2026$917
September 2026$908
October 2026$899
A table of studio rental data trends in Old Market
MonthMedian Rent
November 2024$987
December 2024$974
January 2025$929
June 2025$908
September 2026$862
October 2026$841

Affordability calculator

Can I afford to live at 515 S 12th St?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$84,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $84,000 annually to afford this 1-bedroom monthly rent price of $2,100.
For more information on rent affordability, visit our rent calculator.

Schools near The Residence at Old Marketplace

Liberty Elementary School

2021 st mary's ave

omaha, NE, 68102

PK, K-6Public
C-

Early Childhood Center at Educare - Kellom

2123 paul st

omaha, NE, 68102

PKPublic

Gifford Park Elementary School

717 n 32nd st

omaha, NE, 68131

PK, K-6Public
C

Early Learning Pk Center at Kennedy

3200 north 30th st

omaha, NE, 68111

PKPublic

Beals Elementary School

1720 s 48th st

omaha, NE, 68106

PK, K-6Public
C
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Getting around Omaha near 515 S 12th St

Walking

8/10
No car? No problem. Everything you need is within a few blocks.

Driving

7/10
This area is close to freeways and has adequate parking options.

Cycling

6/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

4/10
Frequent public transit options are within walking distance.

Points of interest for 515 S 12th St, Omaha

Groceries

9/10
Exceptional variety of groceries within a few minutes' walk

Shopping

8/10
Wide variety of shops within a few minutes' walk

Cafes

9/10
Exceptional variety of cafés within a few minutes’ walk

Restaurants

9/10
Exceptional variety of restaurants within a few minutes’ walk

Primary schools

7/10
At least one elementary school within a 15-minute walk

High schools

4/10
At least one high school within a 30-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

10/10
Exceptional variety of bars right within a few minutes’ walk

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