Cheap Apartments for Rent in the Downtown Omaha Neighborhood of Omaha, NE from $450 (57 Rentals)

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

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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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property at 2613 Nicholas Ct
$850 - $1,095
1 To 2 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

2613 Nicholas Ct

OmahaNE68131

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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property at 2575 Nicholas Ct
$875 - $1,050
1 To 2 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

2575 Nicholas Ct

OmahaNE68131
property at 2561 Izard Ct
$875 - $1,000
1 To 2 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

2561 Izard Ct

OmahaNE68131

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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property at 2569 Nicholas Ct
$925 - $1,050
1 To 2 Bedroom Rentals
Available Now
Affordability

2569 Nicholas Ct

OmahaNE68131

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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La Morada
Studio Apartments

La Morada

554 S 26th StOmaha, NE 68105
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Lutheran Home
1 Bedroom Apartments

Lutheran Home

530 S 26th StOmaha, NE 68105
Senior Living
  • Utilities Included
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The Avenue apartments
Studio to 1 Bedroom Apartments

The Avenue apartments

2235 St Marys AveOmaha, NE 68102
  • Utilities Included
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1001 N 29th St
1 to 2 Bedroom Apartments

1001 N 29th St

1001 N 29th StOmaha, NE 68131

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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Harney Court
1 to 2 Bedroom Apartments

Harney Court

2464 Harney StOmaha, NE 68131
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City Pointe
Studio to 2 Bedroom Apartments

City Pointe

1913 Farnam StOmaha, NE 68102
  • Utilities Included
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Grand & Goodrich
1 to 2 Bedroom Apartments

Grand & Goodrich

349 S 26th StOmaha, NE 68131
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THE JUNCTION
1 to 2 Bedroom Apartments

THE JUNCTION

2401 Farnam StOmaha, NE 68131
  • Utilities Included
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22 Floors
Studio to 1 Bedroom Apartments

22 Floors

1314 Mike Fahey StOmaha, NE 68102
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Hotel Flatiron
1 to 2 Bedroom Apartments

Hotel Flatiron

1722 Saint Marys AveOmaha, NE 68102
Corporate Housing
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Barlee Apartments
Studio to 2 Bedroom Apartments

Barlee Apartments

528 S 29th StOmaha, NE 68105
  • Utilities Included

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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Showing Results 1-50, Page 1 of 2

Downtown Omaha, Omaha, NE Local Guide

Cheapest Available Downtown Omaha Apartments for Rent

 

The cheapest available apartment rental in the Downtown Omaha area of Omaha, NE is a Studio unit found at The Avenue apartments priced from $605. 563 S 26th Ave Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here are the most affordable Downtown Omaha apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
The Avenue apartmentsStudio w/ CarpetStudio,1BA$605
563 S 26th Ave Apartments1BR/1.0BA1BR,1BA$725
Jones Ansonia Apartments1BR/1.0BA1BR,1BA$725
Westbrook TowerStudioStudio,1BA$729
Skinner Macaroni LoftsStudioStudio,1BA$751
The BankThe Franc1BR,1BA$756
The Drake and Liberty Lofts Apartments1 Bedroom Remodeled1BR,1BA$825
The Carrara on FarnamST B 50%Studio,1BA$845
The Flats on HowardForest StudioStudio,1BA$880

Best Value Apartments for Rent in Downtown Omaha, NE

As of September 12, 2026 the best value apartment in the Downtown Omaha area is the $1.24 price per square foot 2x2 B Model at Nichol Flats in the in the Old Market neighborhood starting from $1,625. The second greatest value Downtown Omaha apartment is the AC.2B.2B.G Model at The Brandeis starting at $1,354 with a $1.11 price per square foot in the Old Market neighborhood. Here is today’s list of the best values for Downtown Omaha apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Nichol Flats2x2 B2BR,2BA$1.24
The BrandeisAC.2B.2B.G2BR,2BA$1.11
The BarkerThe National2BR,2BA$1.43
Jones13Fontenelle2BR,2BA$1.42
Old Market Lofts1 Bedroom 1 Bathroom1BR,1BA$1.39
Kensington Tower Apartments#5 Layout2BR,1BA$1.41
Jones Ansonia Apartments1BR/1.0BA1BR,1BA$1.12
Westbrook TowerRenovated StudioStudio ,1BA$1.34
563 S 26th Ave Apartments0BR/1.0BAStudio ,1BA$1.45
The Avenue apartmentsStudio w/ CarpetStudio ,1BA$1.39

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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Pet Friendly Lifestyle
Downtown Omaha, Omaha, NE

Ranked #66

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

This website works hard to bring you comprehensive Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Nebraska and customized analysis for Central Omaha, NE. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, kid and pet-friendly communities, availability of transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Downtown Omaha Apartments

What is a cheap apartment in Downtown Omaha?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Omaha is under $880.

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

The cheapest apartment in Downtown Omaha is Jones Ansonia Apartments which is listed at $725, while the average apartment in Downtown Omaha costs $1,348.

What types of apartments are the cheapest in Downtown 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 106 regular apartments in Downtown 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 Downtown Omaha?

Cheap apartments in Downtown Omaha have an average cost of $522 which is $826 cheaper than the average rent for all rentals in Downtown 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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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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.