Cheap Apartments for Rent in the Elmwood Park Neighborhood of Omaha, NE from $400 (126 Rentals)

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

Omaha's Best Affordable Neighborhoods

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4710 Cass St
$1,050 - $1,150
Total Monthly Price

Total Monthly Price

Base Rent
$1,050 - $1,150
Total Monthly Price
$1,050 - $1,150
1 Bedroom Apartment Available Aug 14

4710 Cass St

4710 Cass StOmaha, NE 68132
Affordability
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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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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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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 1 Bed unit found at 1015 N 47th Ave priced from $645. Camelot Village has the second lowest priced unit, which is a Studio apartment currently listed from $691. Here are the most affordable Elmwood Park apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
1015 N 47th Ave1 Beds, 1 Baths1BR,1BA$645
Camelot VillageStudioStudio,1BA$691
Copperstone ApartmentsOne Bedroom1BR,1BA$695
ALANSCO 1016 N 47 Ave1BR/1.0BA1BR,1BA$745
Juniper GardensStudio - ClassicStudio,1BA$747
California Place Apartments1 Bedroom 1 Bathroom1BR,1BA$795
Alhambra1 Bed, 1 Bath - Small1BR,1BA$799
Flats on 75th1 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 July 26, 2026 the best value apartment in the Elmwood Park area is the $1.10 price per square foot Carnelian Model at Onyx at Aksarben in the in the Central neighborhood starting from $1,200. The second greatest value Elmwood Park apartment is the 2 Beds, 1 bath Model at Apple Valley Apartments starting at $1,045 with a $1.00 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.
Onyx at AksarbenCarnelian3BR,2BA$1.10
Apple Valley Apartments2 Beds, 1 bath2BR,1BA$1.00
Centre RidgeArmbrust I1BR,1BA$1.11
4907 Capitol Ave, Unit #34907 Capitol Ave2BR,1.5BA$0.97
The NormandyMonet1BR,1BA$1.14
Village at Grant SquareMaple1BR,1BA$1.02
South Park1 Bed 1 Bath - b1BR,1BA$1.10
Blondo Crest Apartments1 Bed, 1 bath1BR,1BA$1.16
Copperstone ApartmentsOne Bedroom1BR,1BA$1.11
Camelot VillageStudioStudio ,1BA$1.15

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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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 1015 N 47th Ave which is listed at $645, while the average apartment in Elmwood Park costs $1,700.

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 43 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 $228 which is $1,472 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 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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.