
Cheap Apartments for Rent in Omaha, IL from $400 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in Omaha.


Village Green

Western Hills Apartments
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.

Embassy Apartments

The Rathbone

Lakewood Flats

TERRA TRACE

Foxfire West Apartments

Naveen Pine Townhomes

The Forge on Main

909 Fairland St

613 Monroe Ave

510 Ellen Dr
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.

605 1/2 Old Creal Springs Rd

1204 N First Ave

405 2nd St
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.

404 N Carroll St

1015 Stewart St

205 E St Louis St

207 Plum St

105 E Poplar St

501 E Reeves St
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.

640 Jefferson Ave

16830 IL-37

1005 N Whitman Dr
Omaha, IL Local Guide

How much does it cost to rent an apartment in Omaha?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Omaha Studio Apartments | $1,374 | $450 | $1,999 |
Omaha 1 Bedroom Apartments | $1,016 | $500 | $3,240 |
Omaha 2 Bedroom Apartments | $1,156 | $550 | $3,000 |
Omaha 3 Bedroom Apartments | $1,338 | $1,150 | $1,560 |
Omaha 4 Bedroom Apartments | $987 | $580 | $1,395 |
Browse Top Apartments in Omaha
See all Apartments in OmahaExplore Omaha
Omaha, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Legacy Commons | 1 BEDROOM | 1BR,1BA | $500 |
Embassy Apartments | 1.1 | 1BR,1BA | $597 |
Graystone Henderson | 1 Bedroom | 1BR,1BA | $599 |
Foxfire West Apartments | 1 Bedroom 1 Bath Fireplace | 1BR,1BA | $775 |
Lakewood Flats | 1 Bedroom Deluxe | 1BR,1BA | $785 |
The Forge on Main | Studio A | Studio,1BA | $800 |
Addison Place | Windsor | 1BR,1BA | $814 |
Village Green | Chestnut | 1BR,1BA | $820 |
Parkside Apartments | 2 Bedroom | 2BR,1BA | $825 |
TERRA TRACE | The Dogwood | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
2707 Fairway Dr | 3 bedroom | 3BR,2BA | $1.00 |
Apartments@41 | 2BR/2.0BA | 2BR,2BA | $1.06 |
Eagle Village | 4BR/2BA - Unfurnished | 4BR,2BA | $0.48 |
Liv at Locust Creek | Dresden | 2BR,1.5BA | $1.09 |
North Park | Berkshire | 2BR,1.5BA | $1.05 |
Mission Viejo Villas | B- Barcelona | 1BR,1BA | $1.13 |
Parkside Apartments | 2 Bedroom | 2BR,1BA | $1.03 |
Lakewood Flats | 1 Bedroom Deluxe | 1BR,1BA | $0.99 |
Copper Creek Townhomes | A-1 Bedroom Ranch | 1BR,1BA | $1.20 |
Legacy Commons | 1 BEDROOM | 1BR,1BA | $0.68 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 $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.

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.

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.

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.

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.