
Cheap Apartments for Rent in the Near South Neighborhood of Omaha, NE from $400 (53 Rentals)
Search the lowest-cost Apartments available for rent right now in the Near South area of Omaha.


Westbrook Tower

L15 Lofts

2507 S 25th St

The Carrara on Farnam

The Flats on Howard

The Duo

Drake Court and Liberty Lofts apartments! Enjoy downtown living at its best.

Dahlman Flats

Kensington Tower Apartments
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.

Georgeanna Court

Orpheum Tower

Jones13

L14 Flats

Little Bo Bungalows and Flats

8 Street Apartments

626 S 19th St, Unit 7, Unit 7

Old Market Lofts

Mason School Apartment Homes
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.

Nove Lofts

2454 S 17th St, Unit 2nd Floor, Unit 2nd Floor

Total Monthly Price
The Brandeis

Brickline at The Mercantile

The Barker — Downtown Omaha at Your Doorstep

Lincoln School Apartments

1618 Martha St

Breakers Omaha

The Monico

1722 St Marys Ave
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.

La Morada

Lutheran Home

Carlanna Apartments

The White House Apartments

The Avenue apartments

Harney Court

Freiden Building Apartments

City Pointe

THE JUNCTION

Grand & Goodrich
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.

The Anna

Hotel Flatiron

Lancaster Flats

Bull Durham Apartments

1416 S 16th St

Farnam Hill Lofts

Securities Downtown

Farnam Flats

Harney Street Apartments in the Old Market

Woolworth Castle
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.
Near South, Omaha, NE Local Guide

How much does it cost to rent an apartment in Near South?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Near South Studio Apartments | $1,134 | $710 | $4,434 |
| Near South 1 Bedroom Apartments | $1,234 | $550 | $3,327 |
| Near South 2 Bedroom Apartments | $1,983 | $650 | $3,755 |
| Near South 3 Bedroom Apartments | $2,207 | $1,150 | $3,648 |
Browse Apartments in this Neighborhood
There are currently 53 rentals with your search options within a 1 mile radius of the Near South Neighborhood of Omaha, NE.
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Near South, Omaha, NE Local Guide
- Nearby Omaha neighborhoods
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Cheapest Available Near South Apartments for Rent
 The cheapest available apartment rental in the Near South area of Omaha, NE is a 1 Bed unit found at Arbor Manor Apartments priced from $550. The Avenue apartments has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here are the most affordable Near South apartments for rent in Omaha, NE:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Arbor Manor Apartments | 1 Bed, 1 bath | 1BR,1BA | $550 |
| The Avenue apartments | Studio w/ HW Floors | Studio,1BA | $625 |
| Westbrook Tower | 1 Bedroom | 1BR,1BA | $769 |
| The Carrara on Farnam | ST B 50% | Studio,1BA | $805 |
| The Flats on Howard | Bartlett Studio | Studio,1BA | $850 |
| The Duo | Nugget | 1BR,1BA | $860 |
| Drake Court and Liberty Lofts apartments! Enjoy downtown living at its best. | 1 Bedroom Remodeled | 1BR,1BA | $865 |
| Dahlman Flats | 1 Bed, 1 Bath - 556 SF | 1BR,1BA | $891 |
| Kensington Tower Apartments | #3 Layout | 1BR,1BA | $895 |
| Georgeanna Court | One Bedroom | 1BR,1BA | $900 |
Best Value Apartments for Rent in Near South, NE
As of April 16, 2026 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 $1,704 with a $1.32 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Foundry Lofts | 2 Bedroom | 2BR,2.5BA | $1.13 |
| The Brandeis | AC.2B.2B.B/P | 2BR,2BA | $1.32 |
| Joslyn Loft | Dodge | 2BR,2BA | $1.32 |
| Old Market Lofts | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.07 |
| 1501 Jackson | Gallery with Den | 1BR,2BA | $1.46 |
| Drake Court and Liberty Lofts apartments! Enjoy downtown living at its best. | 2/1 Remodeled | 2BR,1BA | $1.23 |
| Securities Downtown | 2BR/1.0BA | 2BR,1BA | $1.40 |
| Westbrook Tower | 1 Bedroom | 1BR,1BA | $1.18 |
| Arbor Manor Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.10 |
| The Avenue apartments | Studio w/ HW Floors | Studio ,1BA | $1.45 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Pet Friendly LifestyleNear South, Omaha, NE
Ranked #75
Among cities in Nebraska for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 $900.
What is the price of a cheap apartment in Near South?
The cheapest apartment in Near South is Arbor Manor Apartments which is listed at $550, while the average apartment in Near South costs $2,249.
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 88 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 $255 which is $1,994 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

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.

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
