
Cheap Homes for Rent near Omaha, IL from $300 (21 Rentals)
Search the lowest-cost Homes available for rent right now in Omaha.


404 N Carroll St

510 Ellen Dr

728 Renshaw Ave

1618 Speaker Rd

2728 W Virginia St

408 S Bosse Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

437 S Bosse Ave

614 5th St

418 W Webster St

413 3rd St

640 Jefferson Ave

527 N Lemcke Ave

510 W 5th St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

501 E Reeves St

428 S Central St

301 E Olive St

5015 Upper Mt Vernon Rd

1404 Delmar Ave

105 E Poplar St

300 N Bentley St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Omaha, IL Local Guide

How much does it cost to rent a home in Omaha?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Omaha 2 Bedroom Homes for Rent | $912 | $594 | $1,200 |
| Omaha 3 Bedroom Homes for Rent | $1,246 | $399 | $2,500 |
| Omaha 7 Bedroom Homes for Rent | $7,000 | $7,000 | $7,000 |
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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 Embassy Apartments in the Lincoln-Bellemeade neighborhood priced from $547. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Embassy Apartments | 1.1 | 1BR,1BA | $547 |
| Fairway Plaza | 1 Bedroom | 1BR,1BA | $640 |
| 1210 Char Lee Dr | 1bed1bath | 1BR,1BA | $660 |
| Graystone Henderson | 1 Bedroom | 1BR,1BA | $675 |
| Valoré at Hidden Hills | The Dogwood - One Bedroom Apartment Home | 1BR,1BA | $675 |
Best Value Apartments for Rent in Omaha, IL and Nearby
As of August 04, 2026 the best value apartment in the Omaha area is the $0.89 price per square foot 1X1 Model at 2600 Fairway Dr in the starting from $1,600. The second greatest value Omaha apartment is the 4BR/2BA - Furnished Model at Eagle Village - Historical Access starting at $565 with a $0.47 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2600 Fairway Dr | 1X1 | 3BR,2.5BA | $0.89 |
| Eagle Village - Historical Access | 4BR/2BA - Furnished | 4BR,2BA | $0.47 |
| Ross Center Village | 2BR/1.0BA | 2BR,1BA | $0.83 |
| Terra Trace Apartments | 2x1.5-936 | 2BR,1.5BA | $1.12 |
| Chesapeake | B1 | 2BR,1BA | $1.01 |
| Parkside Apartments | 2 Bedroom | 2BR,1BA | $1.03 |
| Century Estates Apartments | 2BR/1.0BA | 2BR,1BA | $1.11 |
| North Park | McCallister | 1BR,1BA | $1.10 |
| 1210 Char Lee Dr | 1bed1bath | 1BR,1BA | $0.88 |
| Fairway Plaza | 1 Bedroom | 1BR,1BA | $0.91 |
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Omaha, IL Rentals by Map
See the most popular apartments and homes in Omaha, IL
Frequently Asked Questions about Omaha
What type of rentals are currently available in Omaha?
There are currently 55 Apartments for Rent in Omaha, IL with pricing that ranges from $547 to $3,000. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Omaha ranging from $399 to $7,000.
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 $399 to $7,000 with an average monthly rent of $1,239.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.