Cheap Apartments for Rent in the Prospect Hill Neighborhood of Omaha, NE from $450 (268 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Prospect Hill 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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653 S 26th Ave
$800 - $1,000

Total Monthly Price

Base Rent$800 - $1,000
Total Monthly Price$800 - $1,000
Studio to 1 Bedroom Apartment Available Now

653 S 26th Ave

653 S 26th AveOmaha, NE 68105
Affordability
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property at 136 N 31st Ave
$850
1 Bedroom Rentals
Available Now
Affordability

136 N 31st Ave

OmahaNE68131
property at 2561 Izard Ct
$875 - $1,000
1 To 2 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

2561 Izard Ct

OmahaNE68131

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Prospect Hill, Omaha, NE Local Guide

Cheapest Available Prospect Hill Apartments for Rent

 

The cheapest available apartment rental in the Prospect Hill area of Omaha, NE is a 1 Bed unit found at Hanscom and Georgia Row Apartments priced from $595. 4815 Ames Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here are the most affordable Prospect Hill apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
Hanscom and Georgia Row Apartments1/1 - 60%1BR, 1BA$595
4815 Ames Ave1BR/1.0BA1BR, 1BA$600
The Avenue apartmentsStudio w/ CarpetStudio, 1BA$605
Castle Court Apartments - MidtownStudio - Tenant Pays UtilitiesStudio, 1BA$645
3512 Dodge Street0BR/1.0BAStudio, 1BA$650
The Carrara on FarnamStudio 1- 40%Studio, 1BA$685
563 S 26th Ave Apartments1BR/1.0BA1BR, 1BA$695
Jones Ansonia Apartments1BR/1.0BA1BR, 1BA$725
2917 Jackson St1BR/1.0BA1BR, 1BA$725
The Back Nine1 Bed, 1 Bath - 700 SF1BR, 1BA$725

Best Value Apartments for Rent in Prospect Hill, NE

As of September 21, 2026 the best value apartment in the Prospect Hill area is the $0.80 price per square foot Two Bedroom Two Bath Model at Skinner Macaroni Lofts in the Old Market neighborhood starting from $1,632. The second greatest value Prospect Hill apartment is the 2BR/2.0BA Model at The Unitah Flats Apartments in the Old Market neighborhood starting at $1,750 with a $1.09 price per square foot. Here is today’s list of the best values for Prospect Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Skinner Macaroni LoftsTwo Bedroom Two Bath2BR, 2BA$0.80
The Unitah Flats Apartments2BR/2.0BA2BR, 2BA$1.09
626 S 36th St, Unit Blackstone Duplex #1626 S 36th St3BR, 2BA$1.09
Buckingham Manor Apartments- Dundee2 bedroom / 1 bath - Standard TT Pays Util.2BR, 1BA$0.96
The BrandeisAC.2B.2B.G2BR, 2BA$1.11
M34 Apartments1BR/1.0BA1BR, 1BA$1.08
Greenspan Apartments - Schwalb Realty2 Bedroom w/Balcony2BR, 2BA$1.02
2917 Jackson St1BR/1.0BA1BR, 1BA$0.85
The Back Nine1 Bed, 1 Bath - 700 SF1BR, 1BA$1.04
Jones Ansonia Apartments1BR/1.0BA1BR, 1BA$1.12

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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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Pet Friendly Lifestyle
Prospect Hill, Omaha, NE

Ranked #7

Among cities in Nebraska for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers compiles millions of data points to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Prospect Hill, Omaha, and the greater Omaha area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and easy access to the parks, pet-friendly features, family-friendliness, proximity to transit, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Prospect Hill Apartments

What is a cheap apartment in Prospect Hill?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Prospect Hill is under $725.

What is the price of a cheap apartment in Prospect Hill?

The cheapest apartment in Prospect Hill is Hanscom and Georgia Row Apartments which is listed at $595, while the average apartment in Prospect Hill costs $1,275.

What types of apartments are the cheapest in Prospect Hill?

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 245 regular apartments in Prospect Hill 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 Prospect Hill?

Cheap apartments in Prospect Hill have an average cost of $447 which is $828 cheaper than the average rent for all rentals in Prospect Hill.

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

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

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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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Written by: Robin Stewart

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