Cheap Apartments for Rent in Omaha, IL from $400 (32 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
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.

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

1900 N Willow Rd

1900 N Willow RdEvansville, IN 47711

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.

close
View Me
Maple Valley Townhomes
2 Bedroom Apartments

Maple Valley Townhomes

618 E Waverly StMorganfield, KY 42437
  • Utilities Included
close
View Me
Anchor Court Apartments
1 Bedroom Apartments

Anchor Court Apartments

2025 W Columbia StEvansville, IN 47712
Affordability
  • Utilities Included
  • Matterport 3D Tour
close
View Me
Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
  • Utilities Included

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.

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.

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 Legacy Commons in the Lincoln-Bellemeade neighborhood priced from $500. Embassy Apartments in the Lincoln-Bellemeade neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $597. Here is today’s list of the most affordable Omaha apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Legacy Commons1 BEDROOM1BR,1BA$500
Embassy Apartments1.11BR,1BA$597
Graystone Henderson1 Bedroom1BR,1BA$599
Foxfire West Apartments1 Bedroom 1 Bath Fireplace1BR,1BA$775
Lakewood Flats1 Bedroom Deluxe1BR,1BA$785
The Forge on MainStudio AStudio,1BA$800
Addison PlaceWindsor1BR,1BA$814
Village GreenChestnut1BR,1BA$820
Parkside Apartments2 Bedroom2BR,1BA$825
TERRA TRACEThe Dogwood1BR,1BA$849

Best Value Apartments for Rent in Omaha, IL and Nearby

As of September 02, 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 $1,295 with a $1.06 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$1.06
Eagle Village4BR/2BA - Unfurnished4BR,2BA$0.48
Liv at Locust CreekDresden2BR,1.5BA$1.09
North ParkBerkshire2BR,1.5BA$1.05
Mission Viejo VillasB- Barcelona1BR,1BA$1.13
Parkside Apartments2 Bedroom2BR,1BA$1.03
Lakewood Flats1 Bedroom Deluxe1BR,1BA$0.99
Copper Creek TownhomesA-1 Bedroom Ranch1BR,1BA$1.20
Legacy Commons1 BEDROOM1BR,1BA$0.68

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

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

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

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 $500 at Legacy Commons.

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 $825 at Parkside Apartments.

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

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.