Cheap Apartments for Rent in the Downtown Omaha Neighborhood of Omaha, NE from $400 (58 Rentals)

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

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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property at 2563 Irving Ct

2563 Irving Ct

OmahaNE68131

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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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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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

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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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
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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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The Anna
1 Bedroom Apartments

The Anna

535 S 26th AveOmaha, NE 68105
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Hotel Flatiron
1 to 2 Bedroom Apartments

Hotel Flatiron

1722 Saint Marys AveOmaha, NE 68102
Corporate Housing

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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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 $625. Westbrook Tower has the second lowest priced unit, which is a Studio apartment currently listed from $685. Here are the most affordable Downtown Omaha apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
The Avenue apartmentsStudio w/ HW FloorsStudio,1BA$625
Westbrook TowerStudioStudio,1BA$685
Securities Downtown1BR/1.0BA1BR,1BA$795
The Flats on HowardThe SterlingStudio,1BA$875
22 FloorsFlash1BR,1BA$875
The Drake and Liberty Lofts Apartments1 bedroom/ 1 bath1BR,1BA$895
Georgeanna CourtOne Bedroom1BR,1BA$900
The BrandeisAC.1B.G1BR,1BA$950
Limelight at SixteenthStudioStudio,1BA$950
Capitol Place ApartmentsSTU 3Studio,1BA$950

Best Value Apartments for Rent in Downtown Omaha, NE

As of December 13, 2025 the best value apartment in the Downtown Omaha area is the $1.18 price per square foot AC.2B.2B.B/P Model at The Brandeis in the in the Old Market neighborhood starting from $1,650. The second greatest value Downtown Omaha apartment is the Two Bedroom Two Bath Model at Skinner Macaroni Lofts starting at $1,483 with a $1.12 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.
The BrandeisAC.2B.2B.B/P2BR,2BA$1.18
Skinner Macaroni LoftsTwo Bedroom Two Bath2BR,2BA$1.12
Old Market Lofts2 Bedroom 2 Bathroom2BR,2BA$1.00
TipTop ApartmentsPixie2BR,2BA$1.28
Nichol Flats1x1 A1BR,1BA$1.33
The Barker — Downtown Omaha at Your DoorstepThe Henry 041BR,1BA$1.46
Securities Downtown2BR/1.0BA2BR,1BA$1.40
Georgeanna CourtOne Bedroom1BR,1BA$1.50
Westbrook TowerStudioStudio ,1BA$1.25
The Avenue apartmentsStudio w/ HW FloorsStudio ,1BA$1.45

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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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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Pet Friendly Lifestyle
Downtown Omaha, Omaha, NE

Ranked #61

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

Pet Friendliness Lifestyle Score

3.5
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 $950.

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

The cheapest apartment in Downtown Omaha is The Avenue apartments which is listed at $715, while the average apartment in Downtown Omaha costs $2,100.

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 100 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 $450 which is $1,650 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

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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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!