Zumper
modified
1 Day Ago

Highlights

  • Stainless steel appliances
  • Modern convenience
  • Granite countertops
  • Washer/dryer in-unit
  • Heated garage parking
  • Oval soaking tubs

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 is a highly rated property, achieving an overall Zumper score of 8 out of 10 with a perfect amenities rating of 10. It features modern conveniences like stainless steel appliances and an in-unit washer/dryer, contributing to a compelling value at a price rating of 7. The location earns a strong rating of 9, offering easy access to numerous cultural attractions, restaurants, parks, and sustainable transportation options, while community spaces enhance the living experience.

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
  • Fireplace
  • Outdoor space

Great for

  • Eco living
  • Social life

Floor plans

1BR/1.5BA1 bed1.5 bath1,461 sqft$1,975 /mo1 unit availableRent Special - First full month free with a signed 13 month lease This Farnham floorplan fuses historic charm with modern convenience as it offers high ceilings, exposed timber and brick, stainless steel appliances, granite countertops, espresso self-closing cabinets, oval soaking tubs, and a washer/dryer in-unit. Assigned, heated garage parking available for $125/month.
2BR/1.5BA2 bed1.5 bath1,454+ sqft$1,950–$1,975 /mo4 units availableRENT SPECIAL 1st full month free with a signed 13 month lease This is our Jackson floorplan with two bedroom, 1.5 bathrooms, and 1,454 square feet of living space. This floorplan fuses historic charm with modern convenience as it offers high ceilings, exposed timber and brick, elegant LG appliances, granite countertops, espresso self-closing cabinets, oval soaking tubs, and a washer/dryer in-unit. Garage spaces available for an additional $125 per month. Limit 1 parking space per unit. -Photos of a similar unit.

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Amenities for The Residence at Old Marketplace

Apartment Amenities

DeckExcellent View
Exposed BrickFireplace
FreezerGas Fireplace
Gourmet KitchenGranite Countertops
Hardwood FloorHigh Ceilings
TrashWater

Appliances

DishwasherGarbage Disposal
In-Unit LaundryMicrowave
OvenRange
RefrigeratorStainless Steel Appliances
Washer and Dryer

Building

Roof DeckSewer
Timber Ceiling

Grounds

Garage ParkingOn-Site Garage Parking

Other

Generous Storage Space
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

Parking Policy

Garage Parking

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

Building details

Property details

Units22
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About The Residence at Old Marketplace

HomeApartments in OmahaOld Market The Residence at Old Marketplace

Rent Special - First full month free with a signed 13 month lease This Farnham floorplan fuses historic charm with modern convenience as it offers high ceilings, exposed timber and brick, stainless steel appliances, granite countertops, espresso self-closing cabinets, oval soaking tubs, and a washer/dryer in-unit. Assigned, heated garage parking available for $125/month.


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:

Eco living

  • You can get around by foot in this area
  • 35 parks within a mile
  • On-site recycling or composting options
  • Public transit available nearby

Social life

  • Areas nearby are accessible by walking
  • 210 restaurants within 1 mile of this property
  • Community gathering spaces on-site (lounges, rooftops, etc.)
  • 108 museums, art galleries, or cultural centers within 1 mile

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 730 sqft larger than other listings nearby
More space
The 2-bedroom is 474 sqft larger than other listings nearby
Fireplace
Upgraded in-unit features
Outdoor space
Easy access to the outdoors

Considerations

Greater distance from middle schools
The nearest middle school is farther than 3 miles away
Greater distance from high schools
The nearest high school is farther than 1 mile away
Greater distance from grade schools
The nearest elementary school is farther than 1 mile away

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Rent trends in Old Market

1-bedroom apartments here are priced 87% 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 35% more than the average for similarly sized apartments in Old Market.

Median rents as of Jan 10 2026.
Old Market
Omaha
A table of studio rental data trends in Omaha
MonthMedian Rent
February 2024$886
March 2024$932
April 2024$957
May 2024$948
June 2024$929
July 2024$953
August 2024$935
September 2024$954
October 2024$991
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$951
A table of studio rental data trends in Old Market
MonthMedian Rent
February 2024$970
March 2024$985
April 2024$1,004
May 2024$975
June 2024$970
July 2024$970
August 2024$970
September 2024$973
October 2024$980
November 2024$987
December 2024$974
January 2025$929
June 2025$908

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

$79,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $79,000 annually to afford this 1-bedroom monthly rent price of $1,975.
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

Early Childhood Center at Educare - Indian Hill

3110 w st

omaha, NE, 68107

PKPublic

Wilson Focus School

5141 f st

omaha, NE, 68117

3-6Public
B

Early Childhood Center at Gateway

5810 s 42nd st

omaha, NE, 68107

PKPublic
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Internet available near The Residence at Old Marketplace

Getting around Omaha near 515 S 12th St

Walking

9/10
No car? No problem. Everything you need is within a few blocks.

Driving

8/10
This area is close to freeways and has adequate parking options.

Points of interest for 515 S 12th St, Omaha

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

5/10
Variety of shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

8/10
Variety of restaurants within walking distance

Primary schools

8/10
At least one elementary school within a 20-minute walk

High schools

5/10
At least one high school within a 30-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

10/10
Variety of bars right on the street

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