Cheap Homes for Rent in Omaha, NE from $400 (49 Rentals)

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Search the lowest-cost Homes available for rent right now in Omaha.

property at 2206 K St

$725

1 Bedroom Rentals

Available Now

2206 K St

OmahaNE68107

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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property at 601 S 38th Ave

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

1 Bedroom, 2 Bath Home for Rent

Available May 15

601 S 38th Ave

OmahaNE68105

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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Showing Results 1-49, Page 1 of 1

Omaha, NE Local Guide

Cheapest Neighborhoods for Apartments in Omaha, NE

Pricing Updated: 05/09/2026

Current apartment rentals in the Omaha, NE area range in price from $475 to $5,604 with an overall median price of $2,005. The three Omaha neighborhoods with the lowest median rent pricing are Miller Park Minne Lusa at $725, Monmouth Park at $725, and Omaha Acres at $725. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Omaha Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Miller Park Minne Lusa$780$72522
Monmouth Park$780$72522
Omaha Acres$780$72521
Saratoga$780$72522
Ford Birthsite$850$7493
Maclad Heights$1,042$8755
Dundee$1,345$8752
Underwood Avenue$1,345$7955
West Dodge$1,400$545172
Market West$1,408$8058

Cheapest Available Omaha Apartments for Rent

 

The cheapest available apartment rental in Omaha, NE is a Studio unit found at 3902 Harney in the Holy Cross neighborhood priced from $645. Chester Manor in the Southeast Omaha neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $645. Here is today’s list of the most affordable Omaha apartments for rent:

Apartment ListingModel NameBed/BathPriced From
3902 Harney0 Bed, 1 Bath - 600 SFStudio,1BA$645
Chester Manor1 Beds, 1 Baths1BR,1BA$645
Keystone RidgeOne Bedroom1BR,1BA$695
Copperstone ApartmentsOne Bedroom1BR,1BA$695
Flats at Miracle HillsStudioStudio,1BA$695
The Avenue apartmentsMidsize 1 Bedroom w/ Carpet1BR,1BA$715
Camelot VillageStudioStudio,1BA$720
Preserve at Evans Place1 Bed, 1 Bath - 718 SF1BR,1BA$737
Bellevue Gardens Apartments1 Bed 1 Bath1BR,1BA$750
The Colonial ApartmentsStudio*Studio,1BA$750

Best Value Apartments for Rent in Omaha, NE

As of May 09, 2026 the best value apartment in the Omaha area is the $0.95 price per square foot 2 Story/3 Plex Model at Tallgrass Apartments in the in the Gretna neighborhood starting from $1,693. The second greatest value Omaha apartment is the 2 Bedroom 2 Bath Updated Model at 78th Place starting at $1,065 with a $1.00 price per square foot in the Central neighborhood. Here is today’s list of the best values for Omaha apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Tallgrass Apartments2 Story/3 Plex4BR,2BA$0.95
78th Place2 Bedroom 2 Bath Updated2BR,2BA$1.00
Torrey PinesOne Bedroom1BR,1BA$1.01
Westwood Apartments2 BD2BR,1BA$0.75
Beacon HillTwo Bedroom 215B2BR,1.5BA$1.02
Orleans Square2 bedroom / 1 bath - REFRESHED - TT Pays Util.2BR,1BA$1.05
111 S 38th St, Unit 3111 S 38th St1BR,1BA$1.04
Residences at Sorensen Square2BR/1.0BA2BR,1BA$1.03
Club at Highland Park1 Bedroom1BR,1BA$1.04
Meadows Park ApartmentsOne Bed, One Bath1BR,1BA$0.99

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

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
Omaha, NE

Ranked #1

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Omaha, NE Rentals by Map

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See the most popular apartments and homes in Omaha, NE

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Omaha, NE Area Reviews

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Frequently Asked Questions about Omaha

What type of rentals are currently available in Omaha?

There are currently 1847 Apartments for Rent in Omaha, NE with pricing that ranges from $475 to $5,604. There are also 260 Single Family Homes for rent, Condos, and Townhome rentals currently available in Omaha ranging from $485 to $5,500.

What is the current price range for Rental Homes in Omaha?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Omaha ranges from $485 to $5,500 with an average monthly rent of $2,021.

How much are larger Three and Four Bedroom Rentals in Omaha?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Omaha range from $965 to $4,472, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $3,650. Four Bedroom Single-Family rentals are also available starting from $1,511 and Four Bedroom Apartments start at $649.

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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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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.