Cheap Homes for Rent in Omaha, IL from $300 (22 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes 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

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
Showing Results 1-22, 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 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

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

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 Omaha

What type of rentals are currently available in Omaha?

There are currently 49 Apartments for Rent in Omaha, IL with pricing that ranges from $450 to $3,240. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Omaha ranging from $364 to $2,500.

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 $2,500 with an average monthly rent of $1,083.

How much are larger Three and Four Bedroom Rentals in Omaha?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Omaha range from $1,150 to $1,560, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $1,800. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $580.

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.