Cheap Homes for Rent in Omaha, NE from $400 (59 Rentals)

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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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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Omaha, NE Local Guide

Cheapest Neighborhoods for Apartments in Omaha, NE

Pricing Updated: 07/24/2025

Current apartment rentals in the Omaha, NE area range in price from $475 to $5,500 with an overall median price of $2,693. The three Omaha neighborhoods with the lowest median rent pricing are Near South at $900, North Omaha at $1,200, and Dundee at $550. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Omaha Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Near South$1,545$9006
North Omaha$1,745$1,20013
Dundee$1,750$5506
Florence$1,750$1,7501
Brown Park$1,800$9953
Piersons$1,825$7006
Leawood Southwest$1,850$1,8001
Wynnewood Brookfield$1,850$1,3009
Orchard Park$1,872$1,2007
Mockingbird Heights$1,895$1,8001

Cheapest Available Omaha Apartments for Rent

 

The cheapest available apartment rental in Omaha, NE is a 1 Bed unit found at Westwood Apartments in the Old Market neighborhood priced from $575. Keystone Ridge in the Benson neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Omaha apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Westwood ApartmentsSmall1BR,1BA$575
Keystone RidgeOne Bedroom1BR,1BA$675
Copperstone ApartmentsOne Bedroom1BR,1BA$675
Flats at Miracle HillsStudioStudio,1BA$690
Juniper GardensStudio - ClassicStudio,1BA$697
Westbrook Gardens After55 CommunityOne bed1BR,1BA$705
ALANSCO 1016 N 47 Ave1BR/1.0BA1BR,1BA$715
The Pines at Q Plaza Apartments1A1BR,1BA$725
Westbrook Tower1 Bedroom1BR,1BA$735

Best Value Apartments for Rent in Omaha, NE

As of July 24, 2025 the best value apartment in the Omaha area is the $1.01 price per square foot Classic Unit C Model at Bellbrook Townhomes in the in the Ballena neighborhood starting from $1,750. The second greatest value Omaha apartment is the 4 Bed 2 Bath Model at The Village at Papillion starting at $1,290 with a $0.93 price per square foot in the Gretna 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.
Bellbrook TownhomesClassic Unit C2BR,2.5BA$1.01
The Village at Papillion4 Bed 2 Bath4BR,2BA$0.93
Fontainebleau2 BDR 2 BTH2BR,2BA$0.86
Westbrook Gardens After55 CommunityTwo Bed w/ Den2BR,1BA$0.90
Edgewater Court ApartmentsBuckingham2BR,2BA$1.00
Club at Highland Park2 Bedroom2BR,2BA$0.97
L15 LoftsClassic1BR,1BA$0.90
Preserve at Evans Place2 Bed, 2 Bath - 994 SF2BR,2BA$0.97
MarCon Capitol ApartmentsOne Bedroom1BR,1BA$0.93
Westwood ApartmentsSmall1BR,1BA$1.00

Quick Rent Budget Calculator

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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 1783 Apartments for Rent in Omaha, NE with pricing that ranges from $475 to $5,330. There are also 257 Single Family Homes for rent, Condos, and Townhome rentals currently available in Omaha ranging from $475 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 $475 to $5,500 with an average monthly rent of $2,096.

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 $4,843, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,260 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $639.

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.