Cheap Apartments for Rent in Omaha, IL from $500 (45 Rentals)

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

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

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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Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
  • Utilities Included

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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property at 1330 SE 2nd St

1330 SE 2nd St

EvansvilleIN47713
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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 Graystone Henderson in the Henderson North End neighborhood priced from $599. Embassy Apartments in the Lincoln-Bellemeade neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $660. Here is today’s list of the most affordable Omaha apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Graystone Henderson1 Bedroom1BR,1BA$599
Embassy Apartments0.1Studio,1BA$660
Anchor Court Apartments1BR/1.0BA1BR,1BA$690
Foxfire West Apartments1 Bedroom 1 Bath1BR,1BA$765
Addison PlaceWindsor1BR,1BA$780
Naveen Pine TownhomesIncome-Restricted Two Bedroom Apartment Home2BR,1BA$814
Parkside Apartments2 Bedroom2BR,1BA$825
The Manning1 Bedroom 1 Bathroom1BR,1BA$829
Village GreenCedar1BR,1BA$835
TERRA TRACEThe Dogwood1BR,1BA$849

Best Value Apartments for Rent in Omaha, IL and Nearby

As of June 22, 2025 the best value apartment in the Omaha area is the $1.00 price per square foot 3 bedroom Model at 2707 Fairway Dr in the starting from $1,400. The second greatest value Omaha apartment is the 2BR/2.0BA Model at Apartments@41 starting at $1,250 with a $1.03 price per square foot in the Business 41 neighborhood. 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.
2707 Fairway Dr3 bedroom3BR,2BA$1.00
Apartments@412BR/2.0BA2BR,2BA$1.03
North ParkKensington2BR,1.5BA$1.08
Eagle Village4BR/2BA - Furnished4BR,2BA$0.50
The Forge on MainTwo Bedroom A2BR,2BA$0.77
Liv at Locust CreekLuxury Dresden2BR,1.5BA$1.15
Mission Viejo VillasB- Barcelona1BR,1BA$1.13
Parkside Apartments2 Bedroom2BR,1BA$1.03
Village GreenCedar1BR,1BA$1.08
Addison PlaceWindsor1BR,1BA$1.18

Quick Rent Budget Calculator

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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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Getting Around Omaha, IL

Walk Score®

13 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

31 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $660.

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

The lowest price for a Cheap One Bedroom Omaha Apartment is $599 at Graystone Henderson.

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 $814 at Naveen Pine Townhomes.

What is the most affordable Omaha Three Bedroom Apartment?

The best deal on a cheap Omaha Three Bedroom Apartment rental is at Liv at Locust Creek and starts from $1,299.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.