Cheap Apartments for Rent in the Old Market Neighborhood of Omaha, NE from $400 (207 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Old Market 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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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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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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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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Old Market, Omaha, NE Local Guide

Cheapest Available Old Market Apartments for Rent

 

The cheapest available apartment rental in the Old Market area of Omaha, NE is a 1 Bed unit found at The Avenue apartments priced from $715. Westbrook Tower has the second lowest priced unit, which is a 1 Bed apartment currently listed from $769. Here are the most affordable Old Market apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
The Avenue apartmentsMidsize 1 Bedroom w/ Carpet1BR,1BA$715
Westbrook Tower1 Bedroom1BR,1BA$769
Westwood Apartments2 BD2BR,1BA$785
Hanscom and Georgia Row Apartments1/1 - 60%1BR,1BA$795
Howard Street1 Bedroom, 1 Bathroom1BR,1BA$825
Blackstone Apartments1 Bedroom, 1 Bathroom1BR,1BA$825
Drake Court and Liberty Lofts apartments! Enjoy downtown living at its best.1 Bedroom Remodeled1BR,1BA$825
Arbor Manor Apartments1 Bed 1 Bath1BR,1BA$825
University Row ApartmentsOne Bedroom - 60% AMI1BR,1BA$845

Best Value Apartments for Rent in Old Market, NE

As of May 08, 2026 the best value apartment in the Old Market 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 Old Market apartment is the 2 BD Model at Westwood Apartments starting at $785 with a $0.75 price per square foot in the Old Market neighborhood. Here is today’s list of the best values for Old Market apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Foundry Lofts2 Bedroom2BR,2.5BA$1.13
Westwood Apartments2 BD2BR,1BA$0.75
Cottonwood Apartments2X1B2BR,1BA$1.13
111 S 38th St, Unit 3111 S 38th St1BR,1BA$1.04
Nichol Flats1x1 A1BR,1BA$1.26
129 N 36th St, Unit 1129 N 36th St1BR,1BA$1.07
Riverbend - Newly Renovated! Call today!One Bedroom1BR,1BA$1.24
The Back Nine1 Bed, 1 Bath - 700 SF1BR,1BA$1.23
Howard Street1 Bedroom, 1 Bathroom1BR,1BA$1.18
Westbrook Tower1 Bedroom1BR,1BA$1.18

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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Quick 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.

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States and customized analysis for Central Omaha, NE. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, places that make kids happy, raising pets, transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Old Market Apartments

What is a cheap apartment in Old Market?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old Market is under $845.

What is the price of a cheap apartment in Old Market?

The cheapest apartment in Old Market is The Avenue apartments which is listed at $715, while the average apartment in Old Market costs $2,135.

What types of apartments are the cheapest in Old Market?

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 109 regular apartments in Old Market 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 Old Market?

Cheap apartments in Old Market have an average cost of $562 which is $1,573 cheaper than the average rent for all rentals in Old Market.

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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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.