Cheap Apartments for Rent in the Central Omaha Neighborhood of Omaha, NE from $500 (87 Rentals)

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

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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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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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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Central Omaha, Omaha, NE Local Guide

Cheapest Available Central Omaha Apartments for Rent

 

The cheapest available apartment rental in the Central Omaha area of Omaha, NE is a 1 Bed unit found at Copperstone Apartments priced from $695. Camelot Village has the second lowest priced unit, which is a Studio apartment currently listed from $765. Here are the most affordable Central Omaha apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
Copperstone ApartmentsOne Bedroom1BR,1BA$695
Camelot VillageStudioStudio,1BA$765
Old Mill ApartmentsSmall One Bed1BR,1BA$793
108 Blondo1Bed 1Bath1BR,1BA$815
Orchard Park ApartmentsOrchard - 1 Bedroom1BR,1BA$815
Howard Street Apartments1 Bed, 1 Bath A11BR,1BA$825
LionsHead ApartmentsA1BR,1BA$825
Flats on 75th1 Bedroom, 1 Bathroom1BR,1BA$826
Kensington Woods ApartmentsB11BR,1BA$830
Fox Run Apartments1 Bed - 1 Bath1BR,1BA$850

Best Value Apartments for Rent in Central Omaha, NE

As of April 28, 2026 the best value apartment in the Central Omaha area is the $1.00 price per square foot Alpine Model at Village at Grant Square in the in the Central neighborhood starting from $1,150. The second greatest value Central Omaha apartment is the Desiree Model at The Martinique Apartments starting at $1,100 with a $1.00 price per square foot in the Central neighborhood. Here is today’s list of the best values for Central Omaha apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Village at Grant SquareAlpine2BR,2BA$1.00
The Martinique ApartmentsDesiree2BR,2BA$1.00
Centre RidgeArmbrust I1BR,1BA$1.11
Orchard Park ApartmentsOrchard - 2 Bedroom2BR,1BA$1.13
Indian Hills Village Apartments and TownhomesVillage 1 Bedroom w/ Carport1BR,1BA$1.04
Fox Run Apartments1 Bed - 1 Bath1BR,1BA$1.06
Blondo Crest Apartments1 Bed, 1 bath1BR,1BA$1.16
Apple Valley Apartments1 Bed, 1 bath1BR,1BA$1.12
108 Blondo1Bed 1Bath1BR,1BA$1.09
Copperstone ApartmentsOne Bedroom1BR,1BA$1.11

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Best Local Schools in
Central Omaha, Omaha, NE

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States and customized analysis for Southern Omaha. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Central Omaha Apartments

What is a cheap apartment in Central Omaha?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Omaha is under $850.

What is the price of a cheap apartment in Central Omaha?

The cheapest apartment in Central Omaha is Copperstone Apartments which is listed at $695, while the average apartment in Central Omaha costs $1,727.

What types of apartments are the cheapest in Central 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 46 regular apartments in Central 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 Central Omaha?

Cheap apartments in Central Omaha have an average cost of $385 which is $1,342 cheaper than the average rent for all rentals in Central 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 Exploring Omaha’s Best Affordable Neighborhoods: Finding Your Perfect Fit in the Heart of the Midwest article

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.