Cheap Apartments for Rent in the Central Neighborhood of Omaha, NE from $500 (85 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Central 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, NE Local Guide

Cheapest Available Central Apartments for Rent

 

The cheapest available apartment rental in the Central area of Omaha, NE is a 1 Bed unit found at Copperstone Apartments priced from $695. LionsHead Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here are the most affordable Central apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
Copperstone ApartmentsOne Bedroom1BR,1BA$695
LionsHead ApartmentsA1BR,1BA$745
Camelot VillageStudioStudio,1BA$753
Kensington Woods ApartmentsStudioStudio,1BA$775
Old Mill ApartmentsSmall One Bed1BR,1BA$799
108 Blondo1Bed 1Bath1BR,1BA$815
Orchard Park ApartmentsOrchard - 1 Bedroom1BR,1BA$815
Flats on 75th1 Bedroom, 1 Bathroom1BR,1BA$815
Howard Street Apartments1 Bed, 1 Bath A11BR,1BA$825
Fox Run Apartments1 Bed - 1 Bath1BR,1BA$850

Best Value Apartments for Rent in Central, NE

As of May 05, 2026 the best value apartment in the Central area is the $1.09 price per square foot Desiree Model at The Martinique Apartments in the in the Central neighborhood starting from $1,200. The second greatest value Central apartment is the Armbrust I Model at Centre Ridge starting at $995 with a $1.11 price per square foot in the Central neighborhood. Here is today’s list of the best values for Central apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Martinique ApartmentsDesiree2BR,2BA$1.09
Centre RidgeArmbrust I1BR,1BA$1.11
The NormandyMonet1BR,1BA$1.14
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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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, NE

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Lifestyle Ratings

This website compares millions of points of data to bring you comprehensive Lifestyle Ratings of rentals in cities across the United States, including Omaha. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Central Apartments

What is a cheap apartment in Central?

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

What is the price of a cheap apartment in Central?

The cheapest apartment in Central is Copperstone Apartments which is listed at $695, while the average apartment in Central costs $1,745.

What types of apartments are the cheapest in Central?

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 44 regular apartments in Central 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?

Cheap apartments in Central have an average cost of $379 which is $1,366 cheaper than the average rent for all rentals in Central.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.