Cheap Homes for Rent in Omaha, IL from $300 (16 Rentals)

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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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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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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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Showing Results 1-16, 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 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 $645. 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$645
Foxfire West Apartments1 Bedroom 1 Bath Fireplace1BR,1BA$775
Addison PlaceWindsor1BR,1BA$814
Parkside Apartments2 Bedroom2BR,1BA$825

Best Value Apartments for Rent in Omaha, IL and Nearby

As of May 24, 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 4x2 Single Bed Unfurnished Model at Eagle Village Student Housing starting at $525 with a $0.44 price per square foot in the Evansville West Side 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
Eagle Village Student Housing4x2 Single Bed Unfurnished4BR,2BA$0.44
The Forge on MainTwo Bedroom A2BR,2BA$0.77
North ParkBerkshire2BR,1.5BA$1.12
Colonial Manor Apartments2x1 R2BR,1BA$1.05
Mission Viejo VillasB- Barcelona1BR,1BA$1.07
Parkside Apartments2 Bedroom2BR,1BA$1.03
Copper Creek TownhomesA-1 Bedroom Ranch1BR,1BA$1.13
Foxfire West Apartments1 Bedroom 1 Bath Fireplace1BR,1BA$1.20
Graystone Henderson1 Bedroom1BR,1BA$1.20

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.

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Frequently Asked Questions about Omaha

What type of rentals are currently available in Omaha?

There are currently 45 Apartments for Rent in Omaha, IL with pricing that ranges from $550 to $2,500. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Omaha ranging from $364 to $2,195.

What is the current price range for Rental Homes in Omaha?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Omaha ranges from $364 to $2,195 with an average monthly rent of $1,334.

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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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.