
Cheap Homes for Rent in Omaha, IL from $500 (27 Rentals)
Search the lowest-cost Homes available for rent right now in Omaha.


6515 Uebelhack Rd

10455 Old Hwy 62 E

404 N Carroll St

1207 Tree Top Ln

896 Claymark Way
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

510 Ellen Dr

605 W Michigan St

1208 Illinois Ave

500 E College St

413 3rd St

308 S Bentley St
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.

50 Orchard Dr

640 Jefferson Ave

418 W Webster St

105 E Poplar St

510 W 5th 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.

907 W Cherry St

402 S Bentley St

301 E Olive St

1004 N Radcliffe St

411 1st St

1305 W Copeland St
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.

510 E Carter St

1217 N 9th St

1404 Delmar Ave
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 | $964 | $675 | $1,495 |
| Omaha 3 Bedroom Homes for Rent | $1,491 | $800 | $2,800 |
Browse Top Homes for Rent in Omaha
Explore Omaha
Omaha, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $625. Embassy Apartments in the Lincoln-Bellemeade neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $660. Here is today’s list of the most affordable Omaha apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Graystone Henderson | 1 Bedroom | 1BR,1BA | $625 |
| Embassy Apartments | 0.1 | Studio,1BA | $660 |
| Valoré at Hidden Hills | The Dogwood - One Bedroom Apartment Home | 1BR,1BA | $675 |
| Bradford Pointe Apartments | INBFP 2x1 675sqft - Classic | 2BR,1BA | $725 |
| Terra Trace Apartments | 1x1-Q-637 | 1BR,1BA | $749 |
| Foxfire West Apartments | 1.1 | 1BR,1BA | $785 |
| The Rathbone Apartments | 1bed, 1 bath | 1BR,1BA | $795 |
| The Manning | 1 Bedroom 1 Bathroom | 1BR,1BA | $799 |
| Forge on Main | Studio | Studio,1BA | $813 |
| Market Street Apartments | Studio Apartment Home in Historic Building | Studio,1BA | $820 |
Best Value Apartments for Rent in Omaha, IL and Nearby
As of June 19, 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 3BR/2.0BA Model at Apartments@41 starting at $1,600 with a $1.15 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. |
|---|---|---|---|
| 2600 Fairway Dr | 1X1 | 3BR,2.5BA | $0.89 |
| Apartments@41 | 3BR/2.0BA | 3BR,2BA | $1.15 |
| 1210 Char Lee Dr | 2bed2bath | 2BR,2BA | $1.02 |
| Eagle Village - Historical Access | 4BR/2BA - Furnished | 4BR,2BA | $0.47 |
| North Park | Berkshire | 2BR,1.5BA | $1.05 |
| Colonial Manor Apartments | 2X1 | 2BR,1BA | $1.15 |
| Addison Place | St Charles | 2BR,1BA | $1.06 |
| Chesapeake | B1 | 2BR,1BA | $1.01 |
| Mission Viejo Villas | B- Barcelona | 1BR,1BA | $1.16 |
| Parkside Apartments | 2 Bedroom | 2BR,1BA | $1.03 |
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 $580 to $3,420. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Omaha ranging from $550 to $2,800.
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 $550 to $2,800 with an average monthly rent of $1,105.
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

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.