Cheap Apartments for Rent in the Elmwood Park Neighborhood of Omaha, NE from $400 (115 Rentals)

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

Cheapest Available Elmwood Park Apartments for Rent

 

The cheapest available apartment rental in the Elmwood Park area of Omaha, NE is a Studio unit found at Camelot Village priced from $689. Copperstone Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here are the most affordable Elmwood Park apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
Camelot VillageStudioStudio,1BA$689
Copperstone ApartmentsOne Bedroom1BR,1BA$695
Fox Run ApartmentsStudio - 1 BathStudio,1BA$730
Halcyon Apartments1BR/1.0BA1BR,1BA$745
California Place Apartments1 Bedroom 1 Bathroom1BR,1BA$795
The JuniperStudio - ClassicStudio,1BA$797
Orchard Park Apartments1 Bedroom 1 Bathroom1BR,1BA$815
Howard Street Apartments1 Bed, 1 Bath A11BR,1BA$825

Best Value Apartments for Rent in Elmwood Park, NE

As of June 11, 2026 the best value apartment in the Elmwood Park area is the $0.93 price per square foot 2 Bedroom 2 Bath Updated Model at 78th Place in the in the Central neighborhood starting from $1,085. The second greatest value Elmwood Park apartment is the Alpine Model at Village at Grant Square starting at $1,299 with a $1.13 price per square foot in the Central neighborhood. Here is today’s list of the best values for Elmwood Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
78th Place2 Bedroom 2 Bath Updated2BR,2BA$0.93
Village at Grant SquareAlpine2BR,2BA$1.13
Onyx at AksarbenCarnelian3BR,2BA$1.10
4519 Hamilton St, Unit 45194519 Hamilton St1BR,1BA$0.80
4907 Capitol Ave, Unit #34907 Capitol Ave2BR,1.5BA$1.10
Centre RidgeArmbrust I1BR,1BA$1.11
The NormandyMonet1BR,1BA$1.14
Apple Valley Apartments1 Bed, 1 bath1BR,1BA$1.12
4922 California St, Unit 54922 California St1BR,1BA$1.06
Copperstone ApartmentsOne Bedroom1BR,1BA$1.11

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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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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Quick Rent Budget Calculator

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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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Best Local Schools in
Elmwood Park, Omaha, NE

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Nebraska, including Omaha. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Elmwood Park Apartments

What is a cheap apartment in Elmwood Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Elmwood Park is under $825.

What is the price of a cheap apartment in Elmwood Park?

The cheapest apartment in Elmwood Park is Copperstone Apartments which is listed at $695, while the average apartment in Elmwood Park costs $1,750.

What types of apartments are the cheapest in Elmwood Park?

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 33 regular apartments in Elmwood Park 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 Elmwood Park?

Cheap apartments in Elmwood Park have an average cost of $236 which is $1,514 cheaper than the average rent for all rentals in Elmwood Park.

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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.