Cheap Apartments for Rent in Omaha, NE from $400 (713 Rentals)

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Search the lowest-cost Apartments 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.

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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.

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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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property at 820 N 46th St

$749 - $795

1 Bedroom Rentals

Available Now

820 N 46th St

OmahaNE68132

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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Omaha, NE Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Omaha, NE

Pricing Updated: 12/31/2025

Current apartment rentals in the Omaha, NE area range in price from $475 to $9,636 with an overall median price of $1,772. The three Omaha neighborhoods with the lowest median rent pricing are Omaha Acres at $770, Maclad Heights at $785, and Ford Birthsite at $1,175. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Omaha Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Omaha Acres$780$77021
Maclad Heights$1,075$7856
Ford Birthsite$1,175$1,1751
Sherman$1,200$63961
Underwood Avenue$1,295$73516
Dundee$1,300$7756
Hartman Avenue$1,300$75068
North Omaha$1,300$75043
Market West$1,330$72521
Fontenelle View$1,350$75065

Cheapest Available Omaha Apartments for Rent

 

The cheapest available apartment rental in Omaha, NE is a Studio unit found at Chester Manor in the Southeast Omaha neighborhood priced from $545. The Avenue apartments in the Old Market neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $615. Here is today’s list of the most affordable Omaha apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Chester Manor0 Beds, 1 BathsStudio,1BA$545
The Avenue apartmentsStudio w/ CarpetStudio,1BA$615
Westbrook TowerStudioStudio,1BA$685
Keystone RidgeOne Bedroom1BR,1BA$695
Copperstone ApartmentsOne Bedroom1BR,1BA$695
Juniper GardensStudio - ClassicStudio,1BA$697
Flats at Miracle HillsStudioStudio,1BA$716
Preserve at Evans Place1 Bed, 1 Bath - 663 SF1BR,1BA$720
The Pines at Q Plaza Apartments1A1BR,1BA$725
1305 S 32nd Street1 Bed 1 Bath1BR,1BA$725

Best Value Apartments for Rent in Omaha, NE

As of December 31, 2025 the best value apartment in the Omaha area is the $1.00 price per square foot 1527 Grandview Ave Model at 1527 Grandview Ave, Unit 3 in the in the Gretna neighborhood starting from $1,195. The second greatest value Omaha apartment is the 2BR/1.0BA Model at The Melrose starting at $1,135 with a $0.96 price per square foot in the Old Market 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.
1527 Grandview Ave, Unit 31527 Grandview Ave2BR,2BA$1.00
The Melrose2BR/1.0BA2BR,1BA$0.96
Fontainebleau2 BDR 2 BTH2BR,2BA$0.86
Westbrook Gardens After55 CommunityTwo Bed w/ Den2BR,1BA$0.90
Village at Grant SquareAlpine2BR,2BA$1.02
Westwood Apartments2 BD2BR,1BA$0.75
GrandridgeArcadia II2BR,2BA$1.00
Old Market Lofts1 Bedroom 1 Bathroom with Balcony, Patio1BR,1BA$1.02
Club at Highland Park1 Bedroom1BR,1BA$1.04
MarCon Westgate ApartmentsOne Bedroom1BR,1BA$1.02

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.

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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.

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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.

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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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Omaha Overview

Omaha, Nebraska is a wonderful place to call home. With a wide variety of fun to be had all over town and plenty of options in great apartments in Omaha to call home, this place may be the perfect place you've been looking for. Omaha has developed from a scrappy trading city bordered by lands occupied by the Pawnee, Otoe, Sious and Ioway into vibrant city with a strong business community. The development of the stockyards, packing houses and associated breweries created a sustainable base for the city’s continual development.

Why live in Omaha, NE?

Omaha is known for its rich, diverse heritage. While a modern city that is moving into the future, residents also cherish and honor the past. They never forget that the city was built on a vast convergence of people from varied backgrounds. It is this cultural mix that has left a distinct mark on the city and its development. As a proud people, the city’s rough scrabble beginnings have grown into a certain strength and pride making it a wonderful place to call home. And - with a plethora of Omaha apartments for rent available all over town for prices that fit any budget, you can't lose here!

Pet Friendly Lifestyle
Omaha, NE

Ranked #1

Among cities in Nebraska for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Omaha, NE Rentals by Map

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See the most popular apartments and homes in Omaha, NE

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Omaha, NE Area Reviews

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Frequently Asked Questions about Cheap Omaha Apartments

What is a cheap apartment in Omaha?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Omaha is under $725.

What is the price of a cheap apartment in Omaha?

The cheapest apartment in Omaha is Keystone Ridge which is listed at $695, while the average apartment in Omaha costs $1,772.

What types of apartments are the cheapest in Omaha?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 10,024 regular apartments in Omaha that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Omaha?

Cheap apartments in Omaha have an average cost of $419 which is $1,353 cheaper than the average rent for all rentals in Omaha.

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

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Exploring Omaha’s Best Affordable Neighborhoods: Finding Your Perfect Fit in the Heart of the Midwest

Written by: Darla Ferrara

If you want to enjoy the good life but still have access to big-city perks, Omaha is the right choice. This metropolis has everything you could want, from fine dining to an award-winning zoo to a vibrant indie music scene.

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.