Cheap Apartments for Rent near Odessa, NE from $500 (53 Rentals)

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Search the lowest-cost Apartments available for rent right now in Odessa.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 2703 W 24th St

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975
Total Monthly Price
$975

3 Bedroom, 1.5 Bath Home for Rent

Available Now

2703 W 24th St

KearneyNE68845

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 821 W 26th St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

3 Bedroom, 2 Bath Townhome for Rent

Available Now

821 W 26th St

KearneyNE68845

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Vintage Rows
2 Bedroom Apartments

Vintage Rows

1210 Liberty DrLexington, NE 68850
Senior Living
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Bel Apartments
Studio to 2 Bedroom Apartments

Bel Apartments

204 W 6th StLexington, NE 68850
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611 Tri-Plex
2 to 4 Bedroom Apartments

611 Tri-Plex

611 W 25th StKearney, NE 68845
Student Housing
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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535 Flats
Studio to 4 Bedroom Apartments

535 Flats

535 N Minden AveMinden, NE 68959
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Iron Horse Flats
Studio to 3 Bedroom Apartments

Iron Horse Flats

201 West AveHoldrege, NE 68949
Corporate Housing
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North Adams Flats
2 to 3 Bedroom Apartments

North Adams Flats

2100 N Adams StLexington, NE 68850
  • Utilities Included
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The Logan on 11th
1 to 3 Bedroom Apartments

The Logan on 11th

1103 11th AveHoldrege, NE 68949

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Showing Results 1-50, Page 1 of 2

Odessa, NE Local Guide

Cheapest Available Odessa Apartments for Rent and Nearby

 

The cheapest available apartment rental in Odessa, NE is a 1 Bed unit found at Burlington Place priced from $675. Westside has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Odessa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Burlington Place1 Bed 1 Bath1BR,1BA$675
Westside1 Bed 1 Bath1BR,1BA$700
The Residences at Liberty Campus1/11BR,1BA$700
Old WalnutStudioStudio,1BA$745
LongLeaf Apartments1 Bedroom1BR,1BA$750
Lakeside2 Bed 1 Bath2BR,1BA$880
Kelley Creek2 Bed 1.5 Bath2BR,1BA$900
Kearney Apartment Homes1 Bed 1 Bath1BR,1BA$900
HANGAR 55 AT THEATRE DISTRICTTetonStudio,1BA$965
Prairie Heights ApartmentsThe Phillips1BR,1BA$999

Best Value Apartments for Rent in Odessa, NE and Nearby

As of July 23, 2026 the best value apartment in the Odessa area is the $1.27 price per square foot 2 Bed, 2 Bath Model at Residences at Oak Pointe in the starting from $1,399. The second greatest value Odessa apartment is the Three Bedroom Two Bath Model at Village at Kearney Apartments starting at $1,050 with a $1.01 price per square foot . Here is today’s list of the best values for Odessa apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Residences at Oak Pointe2 Bed, 2 Bath2BR,2BA$1.27
Village at Kearney ApartmentsThree Bedroom Two Bath3BR,2BA$1.01
Cedar Ridge2 Bed 2 Bath2BR,2BA$1.20
The Residences at Liberty Campus2/12BR,1BA$1.13
Kelley Creek2 Bed 1.5 Bath2BR,1.5BA$1.02
Lakeside2 Bed 1.5 Bath2BR,1.5BA$1.12
Cross Creek Apartments1 Bed, 1 Bath1BR,1BA$1.34
LongLeaf Apartments1 Bedroom1BR,1BA$1.06
Burlington Place1 Bed 1 Bath1BR,1BA$1.01
Westside1 Bed 1 Bath1BR,1BA$1.05

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Odessa, NE Rentals by Map

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See the most popular apartments and homes in Odessa, NE

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Frequently Asked Questions about Cheap Odessa Apartments

What is the Cheapest Studio apartment in Odessa?

Currently the most affordable Cheap Studio Apartment in Odessa is at Old Walnut listed at $745.

How much is rent for a Cheap One Bedroom Odessa Apartment?

The lowest price for a Cheap One Bedroom Odessa Apartment is $675 at Burlington Place.

What is the lowest price for a Cheap Two Bedroom Odessa Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Odessa is starting from $825 at Westside.

What is the most affordable Odessa Three Bedroom Apartment?

The best deal on a cheap Odessa Three Bedroom Apartment rental is at Village at Kearney Apartments and starts from $1,050.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.