Cheap Apartments for Rent in the Near South Neighborhood of Omaha, NE from $450 (77 Rentals)

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

Omaha's Best Affordable Neighborhoods

Learn about Omaha and the best places to live with original content written by our Local Expert Darla Ferrara

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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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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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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Oxworth Apartments
Rent Specials
$1,320 - $2,620
Total Monthly Price

Total Monthly Price

Base Rent
$1,320 - $2,620
Total Monthly Price
$1,320 - $2,620
Studio to 2 Bedroom Apartments Available Oct 15

Oxworth Apartments

2615 Leavenworth StOmaha, NE 68105
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La Morada
Studio Apartments

La Morada

554 S 26th StOmaha, NE 68105

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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

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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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 $605. 563 S 26th Ave Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here are the most affordable Near South apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
The Avenue apartmentsStudio w/ CarpetStudio,1BA$605
563 S 26th Ave Apartments1BR/1.0BA1BR,1BA$725
Jones Ansonia Apartments1BR/1.0BA1BR,1BA$725
Westbrook TowerStudioStudio,1BA$729
The Drake and Liberty Lofts Apartments1 Bedroom Remodeled1BR,1BA$825
Arbor Manor Apartments1 Bed 1 Bath1BR,1BA$825
The Carrara on FarnamST B 50%Studio,1BA$845
2416 S 16th St Apartments1BR/1.0BA1BR,1BA$850
Dahlman Flats0 Bed, 1 Bath - 555 SFStudio,1BA$850
The Flats on HowardForest StudioStudio,1BA$880

Best Value Apartments for Rent in Near South, NE

As of August 30, 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
1416 South 16th Street1416 South 16th Street - 1012BR,2BA$0.97
Lincoln School Apartments2 bed 1 bath Fully Renovated2BR,1BA$1.07
Old Market Lofts2 Bedroom 2 Bathroom2BR,2BA$0.93
The BrandeisAC.2B.2B.G2BR,2BA$1.11
2416 S 16th St Apartments1BR/1.0BA1BR,1BA$0.85
Jones Ansonia Apartments1BR/1.0BA1BR,1BA$1.12
Westbrook TowerRenovated StudioStudio ,1BA$1.34
The Avenue apartmentsStudio w/ CarpetStudio ,1BA$1.39

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 #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 $880.

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 $635, while the average apartment in Near South costs $1,320.

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 15 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 $223 which is $1,097 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 Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Omaha article

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Omaha

Written by: Darla Ferrara

Omaha is more than just a big city in Nebraska—it’s a college town. Thousands of students move to the Gateway to the West each year to attend one of the many colleges and universities.

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.