Cheap Apartments for Rent in Omaha, NE from $475 (683 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

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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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653 S 26th Ave
$800 - $1,000

Total Monthly Price

Base Rent$800 - $1,000
Total Monthly Price$800 - $1,000
Studio to 1 Bedroom Apartment Available Now

653 S 26th Ave

653 S 26th AveOmaha, NE 68105
Affordability
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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: 09/29/2026

Current apartment rentals in the Omaha, NE area range in price from $475 to $14,970 with an overall median price of $1,274. The three Omaha neighborhoods with the lowest median rent pricing are Dundee at $720, Miller Park Minne Lusa at $800, and Omaha Acres 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
Dundee$720$6951
Miller Park Minne Lusa$800$77024
Omaha Acres$800$77023
Far North Omaha$827$77025
Hartman Avenue$895$77051
Brown Park$899$6007
Central Park$1,012$77086
Monmouth Park$1,012$77073
Saratoga$1,012$77071
Triple One$1,012$77088

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 $595. 4815 Ames Ave in the North Omaha neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Omaha apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Chester Manor0 Beds, 1 BathsStudio, 1BA$595
4815 Ames Ave1BR/1.0BA1BR, 1BA$600
The Avenue apartmentsStudio w/ HW FloorsStudio, 1BA$605
1332-1334 S 30th Ave1BR/1.0BA1BR, 1BA$650
120 N 6th StUnit OStudio, 1BA$650
3512 Dodge Street0BR/1.0BAStudio, 1BA$650
1901 Park Ave1BD/1BA1BR, 1BA$675
The Carrara on FarnamStudio 1- 40%Studio, 1BA$685
715 W Washington Ave1BD/1BTH1BR, 1BA$695
563 S 26th Ave Apartments1BR/1.0BA1BR, 1BA$695

Best Value Apartments for Rent in Omaha, NE

As of September 29, 2026 the best value apartment in the Omaha area is the $0.81 price per square foot Two Bedroom Two Bath Model at Skinner Macaroni Lofts in the Old Market neighborhood starting from $1,642. The second greatest value Omaha apartment is the Large Split Level Duplex Model at Westwood Duplexes in the Southwest Omaha neighborhood starting at $1,631 with a $0.91 price per square foot. 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.
Skinner Macaroni LoftsTwo Bedroom Two Bath2BR, 2BA$0.81
Westwood DuplexesLarge Split Level Duplex3BR, 2BA$0.91
Villa Vinee ApartmentsTwo Bedroom- 1.5 Bath2BR, 1.5BA$0.72
1416 South 16th Street1416 South 16th Street - 1012BR, 2BA$0.93
Windsor Woods2 Beds, 1 bath2BR, 1BA$0.93
Apple Valley Apartments2 Beds, 1 bath2BR, 1BA$0.91
Westwood Apartments2 BD2BR, 1BA$0.75
2416 S 16th St Apartments1BR/1.0BA1BR, 1BA$0.85
2917 Jackson St1BR/1.0BA1BR, 1BA$0.85
1332-1334 S 30th Ave1BR/1.0BA1BR, 1BA$0.93

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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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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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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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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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 4815 Ames Ave which is listed at $600, while the average apartment in Omaha costs $1,274.

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 13,668 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 $481 which is $793 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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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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.