Cheap Apartments for Rent in the Little Italy Neighborhood of Omaha, NE from $400 (157 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Little Italy area of Omaha.

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 2561 Izard Ct

$875 - $1,000

1 To 2 Bedroom Rentals

Available Now

2561 Izard Ct

OmahaNE68131

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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property at 523 Park Ave

$975 - $1,150

1 Bedroom Rentals

Available Now

523 Park Ave

OmahaNE68105

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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Little Italy, Omaha, NE Local Guide

Cheapest Available Little Italy Apartments for Rent

 

The cheapest available apartment rental in the Little Italy area of Omaha, NE is a Studio unit found at The Avenue apartments priced from $625. The Carrara on Farnam has the second lowest priced unit, which is a Studio apartment currently listed from $685. Here are the most affordable Little Italy apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
The Avenue apartmentsStudio w/ CarpetStudio,1BA$625
The Carrara on FarnamST 40%Studio,1BA$685
Aspen Ridge ApartmentsOne Bedroom1BR,1BA$695
Hanscom and Georgia Row Apartments1/1 - 60%1BR,1BA$695
10 N 31st1BR/1.0BA1BR,1BA$725
2917 Jackson St1BR/1.0BA1BR,1BA$725
563 S 26th Ave Apartments1BR/1.0BA1BR,1BA$725
Westbrook TowerRenovated StudioStudio,1BA$739
Skinner Macaroni LoftsStudioStudio,1BA$745
Westwood Apartments2 BD2BR,1BA$785

Best Value Apartments for Rent in Little Italy, NE

As of August 17, 2026 the best value apartment in the Little Italy area is the $1.13 price per square foot 2 Bedroom Model at Foundry Lofts in the in the Old Market neighborhood starting from $2,250. The second greatest value Little Italy apartment is the 2BR/2.0BA Model at The Unitah Flats Apartments starting at $1,695 with a $1.06 price per square foot in the Old Market neighborhood. Here is today’s list of the best values for Little Italy apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Foundry Lofts2 Bedroom2BR,2.5BA$1.13
The Unitah Flats Apartments2BR/2.0BA2BR,2BA$1.06
1416 South 16th Street1416 South 16th Street - 1012BR,2BA$0.97
Lincoln School Apartments2 bed 1 bath Fully Renovated2BR,1BA$1.07
The BrandeisAC.2B.2B.G2BR,2BA$1.11
Westwood Apartments2 BD2BR,1BA$0.75
2416 S 16th St Apartments1BR/1.0BA1BR,1BA$0.85
Cottonwood Apartments2X1B2BR,1BA$1.07
2917 Jackson St1BR/1.0BA1BR,1BA$0.85
10 N 31st1BR/1.0BA1BR,1BA$1.04

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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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, metropolitan areas, and rental properties across Nebraska including Little Italy, Omaha, and the greater Omaha area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and proximity to parks, kid and pet-friendly communities, availability of transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Little Italy Apartments

What is a cheap apartment in Little Italy?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Little Italy is under $785.

What is the price of a cheap apartment in Little Italy?

The cheapest apartment in Little Italy is The Avenue apartments which is listed at $645, while the average apartment in Little Italy costs $1,270.

What types of apartments are the cheapest in Little Italy?

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 146 regular apartments in Little Italy 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 Little Italy?

Cheap apartments in Little Italy have an average cost of $660 which is $610 cheaper than the average rent for all rentals in Little Italy.

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.

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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.