Cheap Homes for Rent in Omaha, IL from $300 (21 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.

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 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.

Read Article

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.

Read Article
Showing Results 1-21, 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. Fairway Plaza in the Business 41 neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $615. Here is today’s list of the most affordable Omaha apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Graystone Henderson1 Bedroom1BR,1BA$599
Fairway Plaza1 Bedroom1BR,1BA$615
Embassy Apartments0.1Studio,1BA$685
Anchor Court Apartments1BR/1.0BA1BR,1BA$690
Foxfire West Apartments1 Bedroom 1 Bath Fireplace1BR,1BA$775

Best Value Apartments for Rent in Omaha, IL and Nearby

As of July 13, 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 $1,400 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 ListingModel NameBed/BathPrice Per Sq.Ft.
2707 Fairway Dr3 bedroom3BR,2BA$1.00
Apartments@412BR/2.0BA2BR,2BA$1.15
Eagle Village4BR/2BA - Furnished4BR,2BA$0.50
Mission Viejo VillasB- Barcelona1BR,1BA$1.13
Parkside Apartments2 Bedroom2BR,1BA$1.03
Village GreenCedar1BR,1BA$1.08
Copper Creek TownhomesA-1 Bedroom Ranch1BR,1BA$1.20
North ParkMcCallister1BR,1BA$1.10
Fairway Plaza1 Bedroom1BR,1BA$0.88
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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Omaha

What type of rentals are currently available in Omaha?

There are currently 46 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 $2,000.

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 $364 to $2,000 with an average monthly rent of $1,043.

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 $1,095 to $1,560, while Three Bedroom Homes, Condos, and Townhomes for rent range from $721 to $2,000. 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 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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.