Cheap Apartments for Rent in Omaha, IL from $500 (46 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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.

Read Article

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.

Read Article
close
View Me
1900 N Willow Rd
1 to 3 Bedroom Apartments

1900 N Willow Rd

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

Maple Valley Townhomes

618 E Waverly StMorganfield, KY 42437
  • Utilities Included

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.

Read Article
close
View Me
Anchor Court Apartments
1 Bedroom Apartments

Anchor Court Apartments

2025 W Columbia StEvansville, IN 47712
Senior Living
  • Utilities Included
close
View Me
Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
  • 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.

Read Article

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.

Read Article
Showing Results 1-46, Page 1 of 1

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 Embassy Apartments in the Lincoln-Bellemeade neighborhood priced from $555. Fairway Plaza in the Business 41 neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $640. Here is today’s list of the most affordable Omaha apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Embassy Apartments1.11BR,1BA$555
Fairway Plaza1 Bedroom1BR,1BA$640
Valoré at Hidden HillsThe Dogwood - One Bedroom Apartment Home1BR,1BA$650
Graystone Henderson1 Bedroom1BR,1BA$650
TERRA TRACEThe Dogwood1BR,1BA$749
Addison PlaceWindsor1BR,1BA$750
North ParkMcCallister1BR,1BA$775
Foxfire West Apartments1.11BR,1BA$785
The Forge on MainStudio AStudio,1BA$800
Lakewood Flats and Townhomes1sm wd1BR,1BA$805

Best Value Apartments for Rent in Omaha, IL and Nearby

As of January 23, 2026 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 3BR/2.0BA Model at Apartments@41 starting at $1,450 with a $1.19 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@413BR/2.0BA3BR,2BA$1.19
Eagle Village - Historical Access4BR/2BA - Furnished4BR,2BA$0.47
North ParkBerkshire2BR,1.5BA$1.11
Mission Viejo VillasB- Barcelona1BR,1BA$1.16
Century Estates Apartments2BR/1.0BA2BR,1BA$1.11
Fairway Plaza1 Bedroom1BR,1BA$0.91
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Classic2BR,1BA$1.19
Addison PlaceWindsor1BR,1BA$1.14
Foxfire West Apartments1.11BR,1BA$1.22

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Omaha, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Omaha, IL

View Map
Omaha, IL Apartments Map
View Map
Omaha, IL Rental Homes Map

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 $685.

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

The lowest price for a Cheap One Bedroom Omaha Apartment is $555 at Embassy Apartments.

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 $805 at Bradford Pointe Apartments.

What is the most affordable Omaha Three Bedroom Apartment?

The best deal on a cheap Omaha Three Bedroom Apartment rental is at Saddlebrook and starts from $1,249.

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 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.