Cheap Homes for Rent in Omaha, NE from $500 (89 Rentals)

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

property at 4324 Marcy St

$550

Total Monthly Price

Total Monthly Price

Base Rent
$550
Total Monthly Price
$550

2 Bedroom, 1 Bath Home for Rent

Available Now

4324 Marcy St

OmahaNE68105
property at 1010 S 29th St

$795 - $895

1 To 2 Bedroom Rentals

Available Now

1010 S 29th St

OmahaNE68105

Omaha's Best Affordable Neighborhoods

Learn about Omaha and the best places to live with original content written by our Local Expert Darla Ferrara

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property at 601 S 38th Ave

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

1 Bedroom, 2 Bath Home for Rent

Available Now

601 S 38th Ave

OmahaNE68105

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 205 Park Ave

$980

2 Bedroom, 1 Bath Townhome for Rent

Available Now

205 Park Ave, Unit #3

205 Park Ave
Council BluffsIA51503

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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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Omaha, NE Local Guide

Cheapest Neighborhoods for Apartments in Omaha, NE

Pricing Updated: 08/08/2026

Current apartment rentals in the Omaha, NE area range in price from $475 to $14,487 with an overall median price of $1,399. The three Omaha neighborhoods with the lowest median rent pricing are Brown Park at $787, Miller Park Minne Lusa at $800, and Monmouth Park at $800. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Omaha Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Brown Park$787$5504
Miller Park Minne Lusa$800$72521
Monmouth Park$800$72523
Omaha Acres$800$77020
Saratoga$800$72521
Far North Omaha$830$77029
Hartman Avenue$845$77055
Ford Birthsite$885$8752
Fontenelle View$935$72542
Fort Redman$950$72541

Cheapest Available Omaha Apartments for Rent

 

The cheapest available apartment rental in Omaha, NE is a Studio unit found at Hanscom and Georgia Row Apartments in the Old Market neighborhood priced from $557. Halford Apartments in the Benson 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
Hanscom and Georgia Row Apartments0/1 - 30%Studio,1BA$557
Halford Apartments1 Beds, 1 Baths1BR,1BA$645
1015 N 47th Ave1 Beds, 1 Baths1BR,1BA$645
120 N 6th StUnit OStudio,1BA$650
The Carrara on FarnamST 40%Studio,1BA$685
The Avenue apartmentsMidsize 1 Bedroom w/ Carpet1BR,1BA$695
Keystone RidgeOne Bedroom1BR,1BA$695
Copperstone ApartmentsOne Bedroom1BR,1BA$695
ALANSCO 1016 N 47 Ave1BR/1.0BA1BR,1BA$695
Flats at Miracle HillsStudioStudio,1BA$695

Best Value Apartments for Rent in Omaha, NE

As of August 08, 2026 the best value apartment in the Omaha area is the $0.72 price per square foot Two Bedroom- 1.5 Bath Model at Villa Vinee Apartments in the in the Central neighborhood starting from $1,137. The second greatest value Omaha apartment is the 2 Bed 2 Bath Den Model at Fontenelle Hills starting at $1,167 with a $0.87 price per square foot in the Bellevue 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.
Villa Vinee ApartmentsTwo Bedroom- 1.5 Bath2BR,1.5BA$0.72
Fontenelle Hills2 Bed 2 Bath Den2BR,2BA$0.87
Bellevue Gardens Apartments2 Bed 1 Bath2BR,1BA$0.70
Club at Highland Park2 Bedroom2BR,2BA$1.00
Apple Valley Apartments2 Beds, 1 bath2BR,1BA$0.91
Westwood Apartments2 BD2BR,1BA$0.75
Timbercrest Apartments2 Bedrooms, 1 Bathroom2BR,1BA$1.00
Orleans Square2 bedroom / 1 bath - Tenant Pays Utl.2BR,1BA$0.99
Centre RidgeArmbrust I1BR,1BA$1.02
Village at Grant SquareMaple1BR,1BA$1.02

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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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 1881 Apartments for Rent in Omaha, NE with pricing that ranges from $475 to $14,487. There are also 349 Single Family Homes for rent, Condos, and Townhome rentals currently available in Omaha ranging from $550 to $5,100.

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 $550 to $5,100 with an average monthly rent of $1,902.

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 $800 to $6,625, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $3,650. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $679.

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.