
Cheap Homes for Rent in Near South Neighborhood of Omaha, NE from $700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Near South area of Omaha.


2426-1/2 S 16th St

3110 S 21st St
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.

1238 S 15th St

502 William St

2315 Harney St
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.
Near South, Omaha, NE Local Guide

How much does it cost to rent a home in Near South?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Near South 2 Bedroom Homes for Rent | $1,782 | $1,385 | $2,350 |
| Near South 3 Bedroom Homes for Rent | $2,060 | $1,150 | $3,300 |
| Near South 4 Bedroom Homes for Rent | $1,875 | $1,750 | $2,000 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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 Studio unit found at The Avenue apartments priced from $615. Westbrook Tower has the second lowest priced unit, which is a Studio apartment currently listed from $685. Here are the most affordable Near South apartments for rent in Omaha, NE:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Avenue apartments | Studio w/ Carpet | Studio,1BA | $615 |
| Westbrook Tower | Studio | Studio,1BA | $685 |
| Securities Downtown | 1BR/1.0BA | 1BR,1BA | $795 |
Best Value Apartments for Rent in Near South, NE
As of January 01, 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 $1,650 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 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 | $1.18 |
| Nove Lofts | 2BR/2.0BA | 2BR,2BA | $1.40 |
| The Barker — Downtown Omaha at Your Doorstep | The Buck | 2BR,2BA | $1.25 |
| Old Market Lofts | 1 Bedroom 1 Bathroom with Balcony, Patio | 1BR,1BA | $0.98 |
| Orpheum Tower | The Douglas | 2BR,1BA | $1.33 |
| Securities Downtown | 2BR/1.0BA | 2BR,1BA | $1.40 |
| Georgeanna Court | One Bedroom | 1BR,1BA | $1.50 |
| Westbrook Tower | Studio | Studio ,1BA | $1.25 |
| The Avenue apartments | Studio w/ HW Floors | Studio ,1BA | $1.45 |
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.
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 #72
Among cities in Nebraska for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Near South
What type of rentals are currently available in Near South?
There are currently 182 Apartments for Rent in Near South, NE with pricing that ranges from $685 to $4,434. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near South ranging from $745 to $3,300.
What is the current price range for Rental Homes in Near South?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Near South ranges from $745 to $3,300 with an average monthly rent of $1,686.
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.

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.