Cheap Apartments for Rent in the Downtown Omaha Neighborhood of Omaha, NE from $400 (67 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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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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property at 2563 Irving Ct

2563 Irving Ct

OmahaNE68131

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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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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1001 N 29th St
1 to 2 Bedroom Apartments

1001 N 29th St

1001 N 29th StOmaha, NE 68131
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The Avenue apartments
Studio to 1 Bedroom Apartments

The Avenue apartments

2235 St Marys AveOmaha, NE 68102
  • Utilities Included

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 Westbrook Tower priced from $685. The Avenue apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $715. Here are the most affordable Downtown Omaha apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
Westbrook TowerStudioStudio,1BA$685
The Avenue apartmentsMidsize 1 Bedroom w/ Carpet1BR,1BA$715
Skinner Macaroni LoftsStudioStudio,1BA$717
The Flats on HowardThe SterlingStudio,1BA$793
Kensington Tower ApartmentsGROUND LEVEL STUDIOStudio,1BA$845
L15 LoftsVintageStudio,1BA$858
22 FloorsFlash1BR,1BA$875
Jones13PlatteStudio,1BA$879
The Drake and Liberty Lofts Apartments1 bedroom/ 1 bath1BR,1BA$895
Georgeanna CourtOne Bedroom1BR,1BA$900

Best Value Apartments for Rent in Downtown Omaha, NE

As of October 28, 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 Beehive Model at TipTop Apartments starting at $1,693 with a $1.27 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
TipTop ApartmentsBeehive2BR,2BA$1.27
Joslyn LoftDodge2BR,2BA$1.32
L15 LoftsVintageStudio ,1BA$0.84
The Drake and Liberty Lofts Apartments2 / 2 Liberty Lofts2BR,1BA$1.54
The Barker — Downtown Omaha at Your DoorstepThe Martin1BR,1BA$1.40
Old Market Lofts1 Bedroom 1 Bathroom1BR,1BA$1.36
Georgeanna CourtOne Bedroom1BR,1BA$1.50
Westbrook TowerStudioStudio ,1BA$1.25
The Avenue apartmentsMidsize 1 Bedroom w/ Carpet1BR,1BA$1.36

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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 #48

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 $900.

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 $2,230.

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 91 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 $439 which is $1,791 cheaper than the average rent for all rentals in Downtown Omaha.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.