Cheap Apartments for Rent in the Near South Neighborhood of Omaha, NE from $400 (34 Rentals)

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

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.

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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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

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.

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City Pointe
1 Bedroom Apartments

City Pointe

1913 Farnam StOmaha, NE 68102
  • Utilities Included
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THE JUNCTION
1 Bedroom Apartments

THE JUNCTION

2401 Farnam StOmaha, NE 68131
  • Utilities Included
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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
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Lancaster Flats
1 to 2 Bedroom Apartments

Lancaster Flats

2556 Marcy StOmaha, NE 68105
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Union Plaza
2 Bedroom Apartments

Union Plaza

601 S 16th StOmaha, NE 68102
  • Utilities Included
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Bull Durham Apartments
1 Bedroom Apartments

Bull Durham Apartments

1011-1013 Leavenworth StOmaha, NE 68102
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Farnam Flats
Studio Apartments

Farnam Flats

1411 Farnam StOmaha, NE 68102
  • Utilities Included

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 1 Bed unit found at Westbrook Tower priced from $735. The Avenue apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $765. Here are the most affordable Near South apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
Westbrook Tower1 Bedroom1BR,1BA$735
The Avenue apartmentsLarge 1 Bedroom /w Carpet1BR,1BA$765
Jones13WebsterStudio,1BA$834
The Flats on HowardThe ForrestStudio,1BA$850
Dahlman Flats1311 S 9th St. Unit 201Studio,1BA$875
Kensington Tower Apartments#3 Layout1BR,1BA$895
The Drake and Liberty Lofts Apartments1 bedroom/ 1 bath1BR,1BA$895
Georgeanna CourtOne Bedroom1BR,1BA$900
L15 LoftsVintageStudio,1BA$930
The BrandeisAC.1B.G1BR,1BA$950

Best Value Apartments for Rent in Near South, NE

As of July 22, 2025 the best value apartment in the Near South area is the $0.98 price per square foot One Bedroom with Den Model at Skinner Macaroni Lofts in the in the Old Market neighborhood starting from $1,387. 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.
Skinner Macaroni LoftsOne Bedroom with Den1BR,1BA$0.98
The BrandeisAC.2B.2B.B/P2BR,2BA$1.18
Old Market Lofts2 Bedroom 2 Bathroom2BR,2BA$0.98
Securities Downtown3BR/2.0BA3BR,2BA$1.16
Nove Lofts2BR/2.0BA2BR,2BA$1.56
L15 LoftsClassic1BR,1BA$0.89
The Drake and Liberty Lofts Apartments2 / 2 Liberty Lofts2BR,1BA$1.54
The Avenue apartmentsLarge 1 Bedroom /w Carpet1BR,1BA$1.11
Westbrook Tower1 Bedroom1BR,1BA$1.13
Georgeanna CourtOne Bedroom1BR,1BA$1.50

Quick Rent Budget Calculator

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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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Pet Friendly Lifestyle
Near South, Omaha, NE

Ranked #74

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

Pet Friendliness Lifestyle Score

4.0
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 $950.

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

The cheapest apartment in Near South is Westbrook Tower which is listed at $735, while the average apartment in Near South costs $1,812.

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 67 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 $789 which is $1,023 cheaper than the average rent for all rentals in Near South.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.