Cheap Apartments for Rent in the Fairacres Neighborhood of Omaha, NE from $400 (118 Rentals)

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

Cheapest Available Fairacres Apartments for Rent

 

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

Apartment ListingModel NameBed/BathPriced From
Keystone RidgeOne Bedroom1BR,1BA$695
Copperstone ApartmentsOne Bedroom1BR,1BA$695
ALANSCO 1016 N 47 Ave1BR/1.0BA1BR,1BA$745
Rosecliff1 Bedroom 2nd Floor1BR,1BA$775
5006-08 California St1 Bedroom 1 Bathroom1BR,1BA$795
Juniper GardensStudio - ClassicStudio,1BA$797
Orchard Park1 Bedroom 1 Bathroom1BR,1BA$815
The Gladstone! Classic but Modern 1 & 2 Bedroom Apartments in Dundee1/1 Renovated1BR,1BA$815
Howard Street Apartments1 Bed, 1 Bath A11BR,1BA$825

Best Value Apartments for Rent in Fairacres, NE

As of May 31, 2026 the best value apartment in the Fairacres 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 Fairacres apartment is the Alpine Model at Village at Grant Square starting at $1,150 with a $1.00 price per square foot in the Central neighborhood. Here is today’s list of the best values for Fairacres 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$1.00
4519 Hamilton St, Unit 45194519 Hamilton St1BR,1BA$0.80
Indian Hills Terrace Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.15
Blondo Crest Apartments1 Bed, 1 bath1BR,1BA$1.16
Apple Valley Apartments1 Bed, 1 bath1BR,1BA$1.12
Keystone Park Apartments - Benson1 bedroom / 1 bath - Tenant Pays Utils..1BR,1BA$1.21
Keystone RidgeOne Bedroom1BR,1BA$1.11
Copperstone ApartmentsOne Bedroom1BR,1BA$1.11
ALANSCO 1016 N 47 Ave1BR/1.0BA1BR,1BA$1.19

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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Pet Friendly Lifestyle
Fairacres, Omaha, NE

Ranked #101

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, and customized analysis for East Central Omaha, NE. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, transit availability, pet-friendly communities, places that make kids happy, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Fairacres Apartments

What is a cheap apartment in Fairacres?

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

What is the price of a cheap apartment in Fairacres?

The cheapest apartment in Fairacres is Keystone Ridge which is listed at $695, while the average apartment in Fairacres costs $3,640.

What types of apartments are the cheapest in Fairacres?

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 264 regular apartments in Fairacres 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 Fairacres?

Cheap apartments in Fairacres have an average cost of $1,502 which is $2,138 cheaper than the average rent for all rentals in Fairacres.

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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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.