Cheap Apartments for Rent in the Elmwood Park Neighborhood of Omaha, NE from $400 (112 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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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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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 Alhambra priced from $687. 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
AlhambraStudio - SmallStudio,1BA$687
Copperstone ApartmentsOne Bedroom1BR,1BA$695
Camelot VillageStudioStudio,1BA$746
Cuming St Apartments1 Bed 1 Bath1BR,1BA$750
ALANSCO 1016 N 47 Ave1BR/1.0BA1BR,1BA$795
Orchard Park ApartmentsOrchard - 1 Bedroom1BR,1BA$815
The Gladstone! Classic but Modern 1 & 2 Bedroom Apartments in Dundee1/1 Renovated1BR,1BA$825
Howard Street Apartments1 Bed, 1 Bath A11BR,1BA$825
Flats on 75th1 Bedroom, 1 Bathroom1BR,1BA$826

Best Value Apartments for Rent in Elmwood Park, NE

As of April 26, 2026 the best value apartment in the Elmwood Park area is the $1.00 price per square foot Alpine Model at Village at Grant Square in the in the Central neighborhood starting from $1,150. The second greatest value Elmwood Park apartment is the 4519 Hamilton St Model at 4519 Hamilton St, Unit 4519 starting at $800 with a $0.80 price per square foot in the Benson 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.
Village at Grant SquareAlpine2BR,2BA$1.00
4519 Hamilton St, Unit 45194519 Hamilton St1BR,1BA$0.80
Centre RidgeArmbrust I1BR,1BA$1.11
Orchard Park ApartmentsOrchard - 2 Bedroom2BR,1BA$1.13
Indian Hills Village Apartments and TownhomesVillage 1 Bedroom w/ Carport1BR,1BA$1.04
Four Seasons ApartmentsOne Bed - 750 SQ FT1BR,1BA$1.17
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
Copperstone ApartmentsOne Bedroom1BR,1BA$1.11

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
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 $826.

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 $1,800.

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 47 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 $423 which is $1,377 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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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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.