Cheap Apartments for Rent in the Prospect Hill Neighborhood of Omaha, NE from $400 (187 Rentals)

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

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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 The Avenue apartments priced from $715. MarCon Dundee Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $735. Here are the most affordable Prospect Hill apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
The Avenue apartmentsMidsize 1 Bedroom w/ Carpet1BR,1BA$715
MarCon Dundee ApartmentsCalifornia - 1 Bedroom1BR,1BA$735
Westbrook Tower1 Bedroom1BR,1BA$735
ALANSCO 1016 N 47 Ave1BR/1.0BA1BR,1BA$735
Cuming St Apartments1 Bed 1 Bath1BR,1BA$775
Gladstone ApartmentsOne Bedroom1BR,1BA$795
Blackstone Apartments1 Bedroom, 1 Bathroom1BR,1BA$800
Howard Street1 Bedroom, 1 Bathroom1BR,1BA$800
Turner Park Apartments1BR1BR,1BA$800

Best Value Apartments for Rent in Prospect Hill, NE

As of July 03, 2025 the best value apartment in the Prospect Hill area is the $1.18 price per square foot AC.2B.2B.B/P Model at The Brandeis in the in the Old Market neighborhood starting from $1,650. The second greatest value Prospect Hill apartment is the 1BR/1.0BA Model at M34 Apartments starting at $1,345 with a $1.13 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.
The BrandeisAC.2B.2B.B/P2BR,2BA$1.18
M34 Apartments1BR/1.0BA1BR,1BA$1.13
L15 LoftsVintageStudio ,1BA$0.80
The Belmont2/22BR,2BA$1.09
Century House2 bed 1 bath A2BR,1BA$1.06
5516 Corby St, Unit 25516 Corby St1BR,1BA$1.11
Howard Street2 Bedrooms, 1 Bathroom2BR,1BA$1.19
3828 Jones St, Unit 1053828 Jones St1BR,1BA$1.14
Westbrook Tower1 Bedroom1BR,1BA$1.13
ALANSCO 1016 N 47 Ave1BR/1.0BA1BR,1BA$1.18

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Pet Friendly Lifestyle
Prospect Hill, Omaha, NE

Ranked #5

Among neighborhoods in Omaha, NE 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!

Getting Around the Prospect Hill Neighborhood in Omaha, NE

Walk Score®

50 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

42 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

39 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $800.

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 $2,055.

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 188 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 $796 which is $1,259 cheaper than the average rent for all rentals in Prospect Hill.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.