Cheap Apartments for Rent in the Metcalfe Park Neighborhood of Omaha, NE from $400 (229 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Metcalfe Park 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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114 N 38th St, Unit B
$800
Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800
Studio Apartment Available Aug 1

114 N 38th St, Unit B

114 N 38th StOmaha, NE 68131
Affordability

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

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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

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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111 S 38th St, Unit 3
$950
Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950
1 Bedroom Apartment Available Now

111 S 38th St, Unit 3

111 S 38th StOmaha, NE 68131
Cost Per Sq.Ft.
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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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Metcalfe Park, Omaha, NE Local Guide

Cheapest Available Metcalfe Park Apartments for Rent

 

The cheapest available apartment rental in the Metcalfe Park area of Omaha, NE is a Studio unit found at Hanscom and Georgia Row Apartments priced from $557. Halford Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $645. Here are the most affordable Metcalfe Park apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
Hanscom and Georgia Row Apartments0/1 - 30%Studio,1BA$557
Halford Apartments1 Beds, 1 Baths1BR,1BA$645
ALANSCO 1016 N 47 Ave1BR/1.0BA1BR,1BA$695
The Back Nine1 Bed, 1 Bath - 700 SF1BR,1BA$730
University Place Apartments60% AMI 1BD/1BA1BR,1BA$750
Larimore Senior ResidencesOne Bed/One Bat 60%1BR,1BA$760
California Place Apartments1 Bedroom 1 Bathroom1BR,1BA$795
3608 Jackson Street1BR/1.0BA1BR,1BA$795

Best Value Apartments for Rent in Metcalfe Park, NE

As of July 30, 2026 the best value apartment in the Metcalfe Park area is the $1.15 price per square foot 4402 N 52nd St Model at 4402 N 52nd St, Unit Apt 4 in the in the North Omaha neighborhood starting from $1,095. The second greatest value Metcalfe Park apartment is the 111 S 38th St Model at 111 S 38th St, Unit 3 starting at $950 with a $1.04 price per square foot in the Old Market neighborhood. Here is today’s list of the best values for Metcalfe Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4402 N 52nd St, Unit Apt 44402 N 52nd St3BR,1BA$1.15
111 S 38th St, Unit 3111 S 38th St1BR,1BA$1.04
Village at Grant SquareMaple1BR,1BA$1.02
3828 Jones St3828 Jones St1BR,1BA$1.04
Benson Crest Apartments1 Bed 1 Bath1BR,1BA$1.13
129 N 36th St, Unit 1129 N 36th St1BR,1BA$1.00
The Back Nine1 Bed, 1 Bath - 700 SF1BR,1BA$1.04
Larimore Senior ResidencesOne Bed/One Bat 60%1BR,1BA$1.13
ALANSCO 1016 N 47 Ave1BR/1.0BA1BR,1BA$1.11
4907 Capitol Ave, Unit #54907 Capitol Ave1BR,1BA$1.15

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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Best Local Schools in
Metcalfe Park, Omaha, NE

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Lifestyle Ratings

ApartmentHomeLiving.com is happy to bring you comprehensive Lifestyle Ratings of neighborhoods, cities, and rental properties across Nebraska, including Omaha. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, and much more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Metcalfe Park Apartments

What is a cheap apartment in Metcalfe Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Metcalfe Park is under $795.

What is the price of a cheap apartment in Metcalfe Park?

The cheapest apartment in Metcalfe Park is Hanscom and Georgia Row Apartments which is listed at $572, while the average apartment in Metcalfe Park costs $2,995.

What types of apartments are the cheapest in Metcalfe Park?

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 214 regular apartments in Metcalfe Park 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 Metcalfe Park?

Cheap apartments in Metcalfe Park have an average cost of $1,269 which is $1,726 cheaper than the average rent for all rentals in Metcalfe Park.

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.