Cheap Apartments for Rent in the Lake Forest Neighborhood of Omaha, NE from $500 (38 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lake Forest 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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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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Raintree Apartments
Rent Specials
$1,089 - $1,614
Total Monthly Price

Total Monthly Price

Base Rent
$1,089 - $1,614
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Raintree Apartments

12021 Decatur PlzOmaha, NE 68154
Affordability
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Northridge Apartments
1 Bedroom Apartments

Northridge Apartments

10745 Old Maple RdOmaha, NE 68164
Senior Living
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BriarPark Apartments
1 to 2 Bedroom Apartments

BriarPark Apartments

11405 Corby PlzOmaha, NE 68164
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Wheaten Place
1 to 2 Bedroom Apartments

Wheaten Place

10919 Cottonwood LnOmaha, NE 68164

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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Wellington Park
1 to 2 Bedroom Apartments

Wellington Park

2606 N 115th CtOmaha, NE 68164
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Stonegate Park
1 to 2 Bedroom Apartments

Stonegate Park

12102 Stonegate DrOmaha, NE 68164
Showing Results 1-38, Page 1 of 1

Cheapest Available Lake Forest Apartments for Rent

 

The cheapest available apartment rental in the Lake Forest area of Omaha, NE is a Studio unit found at Flats at Miracle Hills priced from $695. Preserve at Evans Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $737. Here are the most affordable Lake Forest apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
Flats at Miracle HillsStudioStudio,1BA$695
Preserve at Evans Place1 Bed, 1 Bath - 718 SF1BR,1BA$737
Camelot VillageStudioStudio,1BA$756
The Colonial ApartmentsStudio*Studio,1BA$769
Lake Candlewood ApartmentsJuniper1BR,1BA$790
GrandridgeOgden1BR,1BA$795
LionsHead ApartmentsA1BR,1BA$830
Indian Hills Village Apartments and TownhomesVillage 1 Bedroom w/ Carport1BR,1BA$865
New Towne West Apartments1C1BR,1BA$865
Fox Ridge Apartments1 Bed, 1 Bath A11BR,1BA$875

Best Value Apartments for Rent in Lake Forest, NE

As of April 29, 2026 the best value apartment in the Lake Forest area is the $0.93 price per square foot Two Bedroom 22A Model at Beacon Hill in the in the Northwest Omaha neighborhood starting from $1,070. The second greatest value Lake Forest apartment is the Desiree Model at The Martinique Apartments starting at $1,200 with a $1.09 price per square foot in the Central neighborhood. Here is today’s list of the best values for Lake Forest apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Beacon HillTwo Bedroom 22A2BR,1.75BA$0.93
The Martinique ApartmentsDesiree2BR,2BA$1.09
Indian Hills Terrace Apartments2 Bedrooms, 2 Bathrooms2BR,2BA$1.20
Edgewater Court ApartmentsElizabeth2BR,2BA$1.02
Preserve at Evans Place2 Bed, 1 Bath - 1002 SF2BR,1BA$1.09
GrandridgeArcadia2BR,2BA$1.13
Maple View Apartments2 Bed, 1 Bath B22BR,1BA$1.08
Club at Highland Park1 Bedroom1BR,1BA$1.04
Indian Hills Village Apartments and TownhomesVillage 1 Bedroom w/ Carport1BR,1BA$1.04
Fox Valley Apartments2 Bed, 1 Bath B22BR,1BA$1.17

Frequently Asked Questions about Cheap Lake Forest Apartments

What is a cheap apartment in Lake Forest?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Forest is under $875.

What is the price of a cheap apartment in Lake Forest?

The cheapest apartment in Lake Forest is Preserve at Evans Place which is listed at $720, while the average apartment in Lake Forest costs $1,861.

What types of apartments are the cheapest in Lake Forest?

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 30 regular apartments in Lake Forest 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 Lake Forest?

Cheap apartments in Lake Forest have an average cost of $790 which is $1,071 cheaper than the average rent for all rentals in Lake Forest.

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

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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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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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.