Cheap Apartments for Rent in the Near South Neighborhood of Omaha, NE from $400 (60 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 Now

The Brandeis

210 S 16th StOmaha, NE 68102
Corporate Housing
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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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2233 S 20th St
1 Bedroom Apartments

2233 S 20th St

2233 S 20th StOmaha, NE 68108
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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
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Securities Downtown
1 to 3 Bedroom Apartments

Securities Downtown

305 S 16th StOmaha, NE 68102
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Farnam Hill Lofts
Studio to 1 Bedroom Apartments

Farnam Hill Lofts

2570 Farnam StOmaha, NE 68131
  • Utilities Included

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

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 Studio unit found at The Carrara on Farnam priced from $685. The Avenue apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here are the most affordable Near South apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
The Carrara on FarnamST 40%Studio,1BA$685
The Avenue apartmentsMidsize 1 Bedroom w/ Carpet1BR,1BA$695
Westbrook TowerStudioStudio,1BA$729
2233 S 20th St1 Beds, 1 Baths1BR,1BA$795
The Flats on HowardBosworth 1-11BR,1BA$807
Kensington Tower Apartments#4 Layout1BR,1BA$825
The Drake and Liberty Lofts Apartments1 Bedroom Remodeled1BR,1BA$825
Arbor Manor Apartments1 Bed 1 Bath1BR,1BA$825
L14 FlatsTrendy1BR,1BA$861

Best Value Apartments for Rent in Near South, NE

As of July 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 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
1501 JacksonCarriage B2BR,2BA$1.44
Joslyn LoftDodge2BR,2BA$1.32
The BrandeisAC.2B.2B.G2BR,2BA$1.11
Jones13Fontenelle2BR,2BA$1.44
Nove Lofts1BR/1.0BA1BR,1BA$1.37
L14 FlatsTrendy1BR,1BA$1.29
Westbrook TowerStudioStudio ,1BA$1.33
The Avenue apartmentsMidsize 1 Bedroom w/ Carpet1BR,1BA$1.32

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 #83

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 $861.

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 $695, while the average apartment in Near South costs $1,852.

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 13 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 $219 which is $1,633 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

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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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.