Cheap Apartments for Rent in Omaha, IL from $500 (61 Rentals)

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

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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1900 N Willow Rd
1 to 3 Bedroom Apartments

1900 N Willow Rd

1900 N Willow RdEvansville, IN 47711
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Maple Valley Townhomes
2 Bedroom Apartments

Maple Valley Townhomes

618 E Waverly StMorganfield, KY 42437
  • Utilities Included
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Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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The Rathbone Apartments
1 to 2 Bedroom Apartments

The Rathbone Apartments

1320 SE 2nd StEvansville, IN 47713
Corporate Housing
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Legacy Commons
Studio to 2 Bedroom Apartments

Legacy Commons

1101 S Lincoln Park DrEvansville, IN 47714
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Omaha, IL Local Guide

Cheapest Available Omaha Apartments for Rent and Nearby

 

The cheapest available apartment rental in Omaha, IL is a 1 Bed unit found at Saddlebrook in the Henderson North End neighborhood priced from $610. Embassy Apartments in the Lincoln-Bellemeade neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $610. Here is today’s list of the most affordable Omaha apartments for rent:

Apartment ListingModel NameBed/BathPriced From
SaddlebrookOne Bedroom One Bath Phase 31BR,1BA$610
Embassy Apartments0.1Studio,1BA$610
Graystone Henderson1 Bedroom1BR,1BA$625
Valoré at Hidden HillsThe Dogwood - One Bedroom Apartment Home1BR,1BA$650
Lakewood Flats and Townhomes2 small wd2BR,1BA$670
Anchor Court Apartments1BR/1.0BA1BR,1BA$690
North ParkMcCallister1BR,1BA$799
TERRA TRACEThe Dogwood1BR,1BA$799
The Manning1 Bedroom 1 Bathroom1BR,1BA$799
Woodbridge PlaceThe Dogwood1BR,1BA$799

Best Value Apartments for Rent in Omaha, IL and Nearby

As of March 09, 2026 the best value apartment in the Omaha area is the $1.07 price per square foot 3 Bedroom Townhome Model at Western Hills Apartments in the in the Howell neighborhood starting from $1,550. The second greatest value Omaha apartment is the 3 bedroom Model at 2707 Fairway Dr starting at $1,400 with a $1.00 price per square foot . Here is today’s list of the best values for Omaha apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Western Hills Apartments3 Bedroom Townhome3BR,2.5BA$1.07
2707 Fairway Dr3 bedroom3BR,2BA$1.00
Eagle Village - Historical Access4BR/2BA - Furnished4BR,2BA$0.47
Apartments@412BR/1.0BA2BR,1BA$1.13
North ParkBerkshire2BR,1.5BA$1.05
Addison PlaceSt Charles2BR,1BA$1.15
Mission Viejo VillasB- Barcelona1BR,1BA$1.16
Parkside Apartments2 Bedroom2BR,1BA$1.03
Copper Creek TownhomesA-1 Bedroom Ranch1BR,1BA$1.23
Woodbridge PlaceThe Flowering Pink Dogwood1BR,1BA$1.21

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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The 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.

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Cash 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.

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Quick Rent Budget Calculator

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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 Omaha, IL Rentals by Map

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See the most popular apartments and homes in Omaha, IL

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Frequently Asked Questions about Cheap Omaha Apartments

What is the Cheapest Studio apartment in Omaha?

Currently the most affordable Cheap Studio Apartment in Omaha is at Embassy Apartments listed at $610.

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

The lowest price for a Cheap One Bedroom Omaha Apartment is $610 at Saddlebrook.

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

Today's best deal for a Cheap Two Bedroom Apartment in Omaha is starting from $670 at Lakewood Flats and Townhomes.

What is the most affordable Omaha Three Bedroom Apartment?

The best deal on a cheap Omaha Three Bedroom Apartment rental is at Shawnee Village and starts from $1,270.

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

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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.

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.