Cheap Apartments for Rent in the Prospect Hill Neighborhood of Omaha, NE from $400 (206 Rentals)

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

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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property at 820 N 46th St

$775 - $795

1 Bedroom Rentals

Available Now

820 N 46th St

OmahaNE68132

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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 2563 Irving Ct

$925 - $1,095

1 To 2 Bedroom Rentals

Available Now

2563 Irving Ct

OmahaNE68131

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 Studio unit found at The Avenue apartments priced from $625. Westbrook Tower has the second lowest priced unit, which is a Studio apartment currently listed from $685. Here are the most affordable Prospect Hill apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
The Avenue apartmentsStudio w/ HW FloorsStudio,1BA$625
Westbrook TowerStudioStudio,1BA$685
Cuming St Apartments1 Bed 1 Bath1BR,1BA$750
Securities Downtown1BR/1.0BA1BR,1BA$750
Larimore Senior ResidencesOne Bed/One Bat 60%1BR,1BA$760
ALANSCO 1016 N 47 Ave1BR/1.0BA1BR,1BA$765
Gladstone ApartmentsOne Bedroom1BR,1BA$795
Urban Village MidtownGreen Lodge - One Bedroom1BR,1BA$795
Hanscom and Georgia Row Apartments1/1 - 60%1BR,1BA$795

Best Value Apartments for Rent in Prospect Hill, NE

As of January 23, 2026 the best value apartment in the Prospect Hill 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 Prospect Hill apartment is the 1BR/1.0BA Model at M34 Apartments starting at $1,195 with a $1.00 price per square foot in the Old Market neighborhood. 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.
Foundry Lofts2 Bedroom2BR,2.5BA$1.13
M34 Apartments1BR/1.0BA1BR,1BA$1.00
Skinner Macaroni LoftsTwo Bedroom2BR,1BA$1.13
Old Market Lofts1 Bedroom 1 Bathroom with Balcony, Patio1BR,1BA$1.05
320 N 40th StApt. 52BR,1BA$1.19
Roosevelt2 Bed, 2 Bath A2BR,2BA$1.22
507 S. 36th Street2 Bed 1 Bath - Furnished2BR,1BA$1.16
1819 Pinkney St, Unit 11819 Pinkney St1BR,1BA$0.81
129 N 36th St, Unit 1129 N 36th St1BR,1BA$1.07
Larimore Senior ResidencesOne Bed/One Bat 60%1BR,1BA$1.13

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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The 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.

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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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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 #10

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 $795.

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

The cheapest apartment in Prospect Hill is The Avenue apartments which is listed at $715, while the average apartment in Prospect Hill costs $1,995.

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 176 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 $453 which is $1,542 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

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.