Cheap Apartments for Rent in the Near South Neighborhood of Omaha, NE from $400 (39 Rentals)

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

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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La Morada
Studio Apartments

La Morada

554 S 26th StOmaha, NE 68105
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Lutheran Home
1 Bedroom Apartments

Lutheran Home

530 S 26th StOmaha, NE 68105
Senior Living
  • Utilities Included
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The Avenue apartments
Studio to 1 Bedroom Apartments

The Avenue apartments

2235 St Marys AveOmaha, NE 68102
  • Utilities Included

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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City Pointe
Studio to 2 Bedroom Apartments

City Pointe

1913 Farnam StOmaha, NE 68102
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THE JUNCTION
1 to 2 Bedroom Apartments

THE JUNCTION

2401 Farnam StOmaha, NE 68131
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Grand & Goodrich
1 to 2 Bedroom Apartments

Grand & Goodrich

349 S 26th StOmaha, NE 68131
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The Anna
1 Bedroom Apartments

The Anna

535 S 26th AveOmaha, NE 68105
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Hotel Flatiron
1 to 2 Bedroom Apartments

Hotel Flatiron

1722 Saint Marys AveOmaha, NE 68102
Corporate Housing
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Lancaster Flats
1 to 2 Bedroom Apartments

Lancaster Flats

2556 Marcy StOmaha, NE 68105
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Bull Durham Apartments
1 to 3 Bedroom Apartments

Bull Durham Apartments

1011-1013 Leavenworth StOmaha, NE 68102
  • Utilities Included

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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Farnam Hill Lofts
Studio to 1 Bedroom Apartments

Farnam Hill Lofts

2570 Farnam StOmaha, NE 68131
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Farnam Flats
Studio Apartments

Farnam Flats

1411 Farnam StOmaha, NE 68102
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Woolworth Castle
2 to 3 Bedroom Apartments

Woolworth Castle

2603 Woolworth AveOmaha, NE 68105
Showing Results 1-39, Page 1 of 1

Near South, Omaha, NE Local Guide

Cheapest Available Near South Apartments for Rent

 

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

Apartment ListingModel NameBed/BathPriced From
The Avenue apartmentsStudio w/ HW FloorsStudio,1BA$625
Westbrook TowerStudioStudio,1BA$685
Securities Downtown1BR/1.0BA1BR,1BA$795
The Flats on HowardThe SterlingStudio,1BA$875
The Drake and Liberty Lofts Apartments1 bedroom/ 1 bath1BR,1BA$895
Georgeanna CourtOne Bedroom1BR,1BA$900
Dahlman Flats ApartmentsThe 5561BR,1BA$930
Limelight at SixteenthStudioStudio,1BA$950
8 Street ApartmentsPenne1BR,1BA$955
The BrandeisAC.1B.G1BR,1BA$1,000

Best Value Apartments for Rent in Near South, NE

As of December 11, 2025 the best value apartment in the Near South 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 Near South apartment is the AC.2B.2B.B/P Model at The Brandeis starting at $1,650 with a $1.18 price per square foot in the Old Market neighborhood. Here is today’s list of the best values for Near South apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Foundry Lofts2 Bedroom2BR,2.5BA$1.13
The BrandeisAC.2B.2B.B/P2BR,2BA$1.18
Nove Lofts2BR/2.0BA2BR,2BA$1.40
Skinner Macaroni LoftsTwo Bedroom Two Bath2BR,2BA$1.12
Old Market Lofts2 Bedroom 2 Bathroom2BR,2BA$0.99
The Barker — Downtown Omaha at Your DoorstepThe Henry 041BR,1BA$1.46
Securities Downtown2BR/1.0BA2BR,1BA$1.40
Georgeanna CourtOne Bedroom1BR,1BA$1.50
Westbrook TowerStudioStudio ,1BA$1.25
The Avenue apartmentsStudio w/ HW FloorsStudio ,1BA$1.45

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
Near South, Omaha, NE

Ranked #70

Among cities in Nebraska for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

Our team is happy to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Omaha. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Near South Apartments

What is a cheap apartment in Near South?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Near South is under $1,000.

What is the price of a cheap apartment in Near South?

The cheapest apartment in Near South is The Avenue apartments which is listed at $715, while the average apartment in Near South costs $2,000.

What types of apartments are the cheapest in Near South?

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 26 regular apartments in Near South 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 Near South?

Cheap apartments in Near South have an average cost of $160 which is $1,840 cheaper than the average rent for all rentals in Near South.

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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!