Cheap Apartments for Rent in the Near South Neighborhood of Omaha, NE from $400 (57 Rentals)

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

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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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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The Brandeis
$1,004 - $2,504
Total Monthly Price

Total Monthly Price

Base Rent
$1,004 - $2,504
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Soon

The Brandeis

210 S 16th StOmaha, NE 68102
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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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
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Harney Court
1 to 2 Bedroom Apartments

Harney Court

2464 Harney StOmaha, NE 68131
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City Pointe
Studio to 2 Bedroom Apartments

City Pointe

1913 Farnam StOmaha, NE 68102
  • Utilities Included

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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Grand & Goodrich
1 to 2 Bedroom Apartments

Grand & Goodrich

349 S 26th StOmaha, NE 68131
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THE JUNCTION
1 to 2 Bedroom Apartments

THE JUNCTION

2401 Farnam StOmaha, NE 68131
  • Utilities Included
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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
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Farnam Hill Lofts
Studio to 1 Bedroom Apartments

Farnam Hill Lofts

2570 Farnam StOmaha, NE 68131
  • 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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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 The Avenue apartments priced from $715. The Flats on Howard has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable Near South apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
The Avenue apartmentsMidsize 1 Bedroom w/ Carpet1BR,1BA$715
The Flats on HowardBartlett StudioStudio,1BA$750
Westbrook Tower1 Bedroom1BR,1BA$769
The Carrara- 1904 FarnamST B 50%Studio,1BA$805
Arbor Manor Apartments1 Bed 1 Bath1BR,1BA$825
Orpheum TowerThe MarcyStudio,1BA$830
Drake Court and Liberty Lofts apartments! Enjoy downtown living at its best.1 Bedroom Remodeled1BR,1BA$865
Dahlman Flats1 Bed, 1 Bath - 556 SF1BR,1BA$891
Kensington Tower Apartments#4 Layout1BR,1BA$895

Best Value Apartments for Rent in Near South, NE

As of May 31, 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 The Sonnet Model at Lyric Townhomes starting at $2,195 with a $1.40 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
Lyric TownhomesThe Sonnet2BR,2.5BA$1.40
Nove Lofts2BR/2.0BA2BR,2BA$1.29
The BrandeisAC.2B.2B.B/P2BR,2BA$1.32
Joslyn LoftDodge2BR,2BA$1.32
1501 JacksonGallery with Den1BR,2BA$1.37
Drake Court and Liberty Lofts apartments! Enjoy downtown living at its best.2 bed 2 bath Remodeled2BR,2BA$1.33
L14 FlatsTrendy1BR,1BA$1.37
Westbrook Tower1 Bedroom1BR,1BA$1.18
The Avenue apartmentsMidsize 1 Bedroom w/ Carpet1BR,1BA$1.36

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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Pet Friendly Lifestyle
Near South, Omaha, NE

Ranked #73

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 $895.

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 $2,329.

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.

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 Exploring Omaha’s Best Affordable Neighborhoods: Finding Your Perfect Fit in the Heart of the Midwest article

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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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.