Cheap Apartments for Rent in the Old Market Neighborhood of Omaha, NE from $400 (199 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Old Market 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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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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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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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 Studio unit found at Hanscom and Georgia Row Apartments priced from $557. The Carrara on Farnam has the second lowest priced unit, which is a Studio apartment currently listed from $685. Here are the most affordable Old Market apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
Hanscom and Georgia Row Apartments0/1 - 30%Studio,1BA$557
The Carrara on FarnamST 40%Studio,1BA$685
The Avenue apartmentsMidsize 1 Bedroom w/ Carpet1BR,1BA$695
The Back Nine1 Bed, 1 Bath - 700 SF1BR,1BA$730
Westbrook TowerRenovated StudioStudio,1BA$739
University Place Apartments60% AMI 1BD/1BA1BR,1BA$750
Westwood Apartments2 BD2BR,1BA$785
Storybook Apartments1 Beds, 1 Baths1BR,1BA$795
3608 Jackson Street1BR/1.0BA1BR,1BA$795

Best Value Apartments for Rent in Old Market, NE

As of August 07, 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 626 S 36th St Model at 626 S 36th St, Unit Blackstone Duplex #1 starting at $1,800 with a $1.15 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
626 S 36th St, Unit Blackstone Duplex #1626 S 36th St3BR,2BA$1.15
1416 South 16th Street1416 South 16th Street - 1012BR,2BA$1.03
The BrandeisAC.2B.2B.G2BR,2BA$1.11
M34 Apartments1BR/1.0BA1BR,1BA$1.08
Westwood Apartments2 BD2BR,1BA$0.75
Cottonwood Apartments2X1B2BR,1BA$1.07
The Back Nine1 Bed, 1 Bath - 700 SF1BR,1BA$1.04
Park Avenue Apartments1 Bed 1 Bath1BR,1BA$1.14
3804 Dodge StStudio N 38thStudio ,1BA$1.14

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 $795.

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

The cheapest apartment in Old Market is Hanscom and Georgia Row Apartments which is listed at $572, while the average apartment in Old Market costs $1,295.

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 149 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 $695 which is $600 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 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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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

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