
Cheap Apartments for Rent in the South Elkhorn Neighborhood of Omaha, NE from $1,000 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Elkhorn area of Omaha.


The Trails at North Streams

The Village on the Preserve

Broadmoor Hills

Live Hawthorne

Breckenridge Apartments
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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.

Cambridge Villas

Greenfield

VUE178

Grand Legacy

Edge 204

Legacy Flats
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.

Tradition by Broadmoor

Legacy Commons

Dalmore Apartments

Autumn Grove Apartments

Fifty575 Coventry

Total Monthly Price
Trade Winds Apartment Homes
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.

Total Monthly Price
The Abacus

The Bungalows on 204

Total Monthly Price
Ravello 192 & Ravello ll

Total Monthly Price
The Winston at Five Fountains

Sundance Omaha

Total Monthly Price
Aerie Blue Sage
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.

Total Monthly Price
Bungalows at Whitehawk Lake

The Beckham
South Elkhorn, Omaha, NE Local Guide

How much does it cost to rent an apartment in South Elkhorn?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Elkhorn Studio Apartments | $1,184 | $1,055 | $1,395 |
| South Elkhorn 1 Bedroom Apartments | $1,415 | $1,020 | $1,831 |
| South Elkhorn 2 Bedroom Apartments | $1,856 | $1,133 | $2,875 |
| South Elkhorn 3 Bedroom Apartments | $2,584 | $1,562 | $3,350 |
| South Elkhorn 4 Bedroom Apartments | $3,503 | $3,385 | $3,800 |
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the South Elkhorn Neighborhood of Omaha, NE.
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Cheapest Available South Elkhorn Apartments for Rent
 The cheapest available apartment rental in the South Elkhorn area of Omaha, NE is a Studio unit found at The Trails at North Streams priced from $1,055. Trade Winds Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here are the most affordable South Elkhorn apartments for rent in Omaha, NE:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Trails at North Streams | Standing Bear | Studio,1BA | $1,055 |
| Trade Winds Apartment Homes | One Bedroom | 1BR,1BA | $1,095 |
| Fifty575 Coventry | B1 | 2BR,2BA | $1,133 |
| Legacy Commons | Studio | Studio,1BA | $1,133 |
| Greenfield | A1 | 1BR,1BA | $1,175 |
| The Bungalows on 204 | A766 | 1BR,1BA | $1,195 |
| VUE178 | Studio, 1 Bathroom - 605 SF | Studio,1BA | $1,196 |
| Grand Legacy | Aura (Flat) | 1BR,1BA | $1,220 |
| Dalmore Apartments | Julep | 1BR,1BA | $1,265 |
| Autumn Grove Apartments | The Magnolia | 1BR,1BA | $1,290 |
Best Value Apartments for Rent in South Elkhorn, NE
As of March 22, 2026 the best value apartment in the South Elkhorn area is the $1.23 price per square foot Newcastle Model at Cambridge Villas in the in the Northeast Outer Elkhorn neighborhood starting from $2,200. The second greatest value South Elkhorn apartment is the C1 Model at Breckenridge Apartments starting at $1,740 with a $1.25 price per square foot in the Georgetowne neighborhood. Here is today’s list of the best values for South Elkhorn apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cambridge Villas | Newcastle | 3BR,3BA | $1.23 |
| Breckenridge Apartments | C1 | 3BR,2BA | $1.25 |
| Lakeside Hills | The Tahoe | 2BR,2BA | $1.33 |
| The Village on the Preserve | Dogwood | 2BR,2BA | $1.39 |
| Live Hawthorne | Barberry | 2BR,2BA | $1.42 |
| The Bungalows on 204 | A972 *Attached Garage w/Select Units | 1BR,1BA | $1.64 |
| Tradition by Broadmoor | Wingate | 1BR,1BA | $1.61 |
| Autumn Grove Apartments | The Willow | 1BR,1BA | $1.50 |
| Legacy Flats | Chase | 1BR,1BA | $1.52 |
| Trade Winds Apartment Homes | One Bedroom End | 1BR,1BA | $1.45 |
Frequently Asked Questions about Cheap South Elkhorn Apartments
What is a cheap apartment in South Elkhorn?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Elkhorn is under $1,290.
What is the price of a cheap apartment in South Elkhorn?
The cheapest apartment in South Elkhorn is Trade Winds Apartment Homes which is listed at $1,095, while the average apartment in South Elkhorn costs $3,385.
What types of apartments are the cheapest in South Elkhorn?
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 20 regular apartments in South Elkhorn 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 South Elkhorn?
Cheap apartments in South Elkhorn have an average cost of $241 which is $3,144 cheaper than the average rent for all rentals in South Elkhorn.
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

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.

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.