
Cheap Homes for Rent in Odessa, NE from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Odessa.


131 E South St

2703 W 24th St

2016 H Avenue
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.

1122 W Charles St

74980 444th Rd

2900 Grand Ave

210 N Phillips Ave
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.
Odessa, NE Local Guide

How much does it cost to rent a home in Odessa?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Odessa 2 Bedroom Homes for Rent | $1,201 | $750 | $1,950 |
| Odessa 3 Bedroom Homes for Rent | $1,659 | $950 | $2,750 |
| Odessa 4 Bedroom Homes for Rent | $1,612 | $1,150 | $1,800 |
Browse Top Homes for Rent in Odessa
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Odessa, NE Local Guide
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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. The Residences at Liberty Campus 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Burlington Place | 1 Bed 1 Bath | 1BR,1BA | $675 |
| The Residences at Liberty Campus | 1/1 | 1BR,1BA | $700 |
| Old Walnut | Studio | Studio,1BA | $745 |
Best Value Apartments for Rent in Odessa, NE and Nearby
As of April 22, 2026 the best value apartment in the Odessa area is the $0.83 price per square foot 2-Bedroom Model at 6th Ave Flats in the starting from $1,000. The second greatest value Odessa apartment is the 3 Bedroom Model at LongLeaf Apartments starting at $1,145 with a $1.04 price per square foot . Here is today’s list of the best values for Odessa apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 6th Ave Flats | 2-Bedroom | 2BR,1BA | $0.83 |
| LongLeaf Apartments | 3 Bedroom | 3BR,2BA | $1.04 |
| Village at Kearney Apartments | Three Bedroom Two Bath | 3BR,2BA | $1.01 |
| Grandview Apartments | Unit 2.1C | 2BR,1BA | $1.03 |
| The Residences at Liberty Campus | 2/1 | 2BR,1BA | $1.13 |
| Kelley Creek | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.02 |
| Lakeside | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.12 |
| Oak View Apartments | 2BR/1.0BA | 2BR,1BA | $0.91 |
| Westside | 2 Bed 1 Bath | 2BR,1BA | $1.00 |
| Burlington Place | 1 Bed 1 Bath | 1BR,1BA | $1.01 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Odessa
What type of rentals are currently available in Odessa?
There are currently 50 Apartments for Rent in Odessa, NE with pricing that ranges from $615 to $2,545. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Odessa ranging from $750 to $2,750.
What is the current price range for Rental Homes in Odessa?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Odessa ranges from $750 to $2,750 with an average monthly rent of $1,490.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.