Cheap Homes for Rent in Omaha, NE from $500 (77 Rentals)

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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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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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property at 205 Park Ave

205 Park Ave, Unit #3

205 Park Ave
Council BluffsIA51503
property at 502 William St

502 William St

OmahaNE68108

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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Omaha, NE Local Guide

Cheapest Neighborhoods for Apartments in Omaha, NE

Pricing Updated: 10/23/2025

Current apartment rentals in the Omaha, NE area range in price from $575 to $8,000 with an overall median price of $2,947. The three Omaha neighborhoods with the lowest median rent pricing are Downtown Omaha at $1,195, Florence at $1,500, and Leavenworth at $675. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Omaha Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Omaha$1,300$1,1955
Florence$1,500$1,5001
Leavenworth$1,500$6755
Applewood Heights$1,665$1,6651
Market West$1,750$1,7501
Mockingbird Hills$1,800$1,0506
Piersons$1,800$1,7002
Rockbrook$1,800$1,0505
North Omaha$1,850$1,20028
South Central Omaha$1,850$57524

Cheapest Available Omaha Apartments for Rent

 

The cheapest available apartment rental in Omaha, NE is a Studio unit found at Westbrook Tower in the Old Market neighborhood priced from $685. Keystone Ridge in the Benson neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Omaha apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Westbrook TowerStudioStudio,1BA$685
Keystone RidgeOne Bedroom1BR,1BA$695
Copperstone ApartmentsOne Bedroom1BR,1BA$695
Juniper GardensStudio - ClassicStudio,1BA$697
The Avenue apartmentsMidsize 1 Bedroom w/ Carpet1BR,1BA$715
The Pines at Q Plaza Apartments1A1BR,1BA$725
The Carrara on FarnamST 40%Studio,1BA$725
New Towne West Apartments1C1BR,1BA$732
Skinner Macaroni LoftsStudioStudio,1BA$733
MarCon Dundee ApartmentsCalifornia - 1 Bedroom1BR,1BA$735

Best Value Apartments for Rent in Omaha, NE

As of October 23, 2025 the best value apartment in the Omaha area is the $0.80 price per square foot Standard Split Level Duplex Model at Westwood Duplexes in the in the Southwest Omaha neighborhood starting from $1,581. The second greatest value Omaha apartment is the 4922 California St Model at 4922 California St, Unit 1 starting at $1,075 with a $0.77 price per square foot in the Holy Cross 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.
Westwood DuplexesStandard Split Level Duplex3BR,2BA$0.80
4922 California St, Unit 14922 California St2BR,1BA$0.77
Centre RidgeRockbrook II2BR,2BA$1.00
The Park Terrace0BR/1.0BAStudio ,1BA$0.82
3 Point Lofts (KOCV)2 Bed 1 Bath2BR,1BA$0.92
Fontainebleau2 BDR 2 BTH2BR,2BA$0.86
Westbrook Gardens After55 CommunityTwo Bed w/ Den2BR,1BA$0.90
Fox Run Apartments2 Bed - 2 Bath2BR,2BA$0.97
L15 LoftsVintageStudio ,1BA$0.87
Old Market Lofts1 Bedroom 1 Bathroom1BR,1BA$0.99

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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 1810 Apartments for Rent in Omaha, NE with pricing that ranges from $475 to $4,434. There are also 346 Single Family Homes for rent, Condos, and Townhome rentals currently available in Omaha ranging from $575 to $8,000.

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 $575 to $8,000 with an average monthly rent of $2,012.

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 $4,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $3,650. Four Bedroom Single-Family rentals are also available starting from $1,295 and Four Bedroom Apartments start at $1,290.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.