Cheap Apartments for Rent in Omaha, NE from $400 (819 Rentals)

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Search the lowest-cost Apartments available for rent right now in Omaha.

Omaha's Best Affordable Neighborhoods

Learn about Omaha and the best places to live with original content written by our Local Expert Darla Ferrara

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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.

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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.

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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.

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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.

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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: 08/14/2026

Current apartment rentals in the Omaha, NE area range in price from $475 to $14,970 with an overall median price of $1,395. The three Omaha neighborhoods with the lowest median rent pricing are Brown Park at $800, Miller Park Minne Lusa at $800, and Monmouth Park at $800. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Omaha Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Brown Park$800$6005
Miller Park Minne Lusa$800$72523
Monmouth Park$800$72526
Omaha Acres$800$77020
Saratoga$800$72523
Far North Omaha$825$77028
Ford Birthsite$895$8753
Hartman Avenue$950$69557
Fontenelle View$999$69545
Fort Redman$999$69544

Cheapest Available Omaha Apartments for Rent

 

The cheapest available apartment rental in Omaha, NE is a 1 Bed unit found at Halford Apartments in the Benson neighborhood priced from $645. The Avenue apartments in the Old Market neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $645. Here is today’s list of the most affordable Omaha apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Halford Apartments1 Beds, 1 Baths1BR,1BA$645
The Avenue apartmentsMidsize 1 Bedroom w/ Carpet1BR,1BA$645
1015 N 47th Ave1 Beds, 1 Baths1BR,1BA$645
CLOSEOUT 10/3/26 -120 N 6th StUnit OStudio,1BA$650
3512 Dodge Street0BR/1.0BAStudio,1BA$650
The Carrara on FarnamST 40%Studio,1BA$685
Copperstone ApartmentsOne Bedroom1BR,1BA$695
ALANSCO 1016 N 47 Ave1BR/1.0BA1BR,1BA$695
Keystone RidgeOne Bedroom1BR,1BA$695
Aspen Ridge ApartmentsOne Bedroom1BR,1BA$695

Best Value Apartments for Rent in Omaha, NE

As of August 14, 2026 the best value apartment in the Omaha area is the $0.97 price per square foot 1416 South 16th Street - 101 Model at 1416 South 16th Street in the in the Old Market neighborhood starting from $1,450. The second greatest value Omaha apartment is the 3 Bed 2 Bath Model at Fontenelle Hills starting at $1,289 with a $0.96 price per square foot in the Bellevue 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.
1416 South 16th Street1416 South 16th Street - 1012BR,2BA$0.97
Fontenelle Hills3 Bed 2 Bath3BR,2BA$0.96
Villa Vinee ApartmentsTwo Bedroom- 1.5 Bath2BR,1.5BA$0.95
Bellevue Gardens Apartments2 Bed 1 Bath2BR,1BA$0.70
Club at Highland Park2 Bedroom2BR,2BA$1.00
Apple Valley Apartments2 Beds, 1 bath2BR,1BA$0.91
Westwood Apartments2 BD2BR,1BA$0.75
Timbercrest Apartments2 Bedrooms, 1 Bathroom2BR,1BA$1.00
Orleans Square2 bedroom / 1 bath - Tenant Pays Utl.2BR,1BA$0.99
2917 Jackson St1BR/1.0BA1BR,1BA$0.85

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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Real 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.

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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 $695.

What is the price of a cheap apartment in Omaha?

The cheapest apartment in Omaha is Halford Apartments which is listed at $645, while the average apartment in Omaha costs $1,395.

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 20,785 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 $643 which is $752 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

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Omaha article

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Omaha

Written by: Darla Ferrara

Omaha is more than just a big city in Nebraska—it’s a college town. Thousands of students move to the Gateway to the West each year to attend one of the many colleges and universities.

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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.

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.