Cheap Apartments for Rent in the Southeast Downtown Omaha Neighborhood of Omaha, NE from $500 (71 Rentals)

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

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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property at 601 S 38th Ave

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

1 Bedroom, 2 Bath Home for Rent

Available Now

601 S 38th Ave

OmahaNE68105

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 2963 Pacific St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

1 Bedroom, 1 Bath Townhome for Rent

Available Now

2963 Pacific St, Unit 2963

2963 Pacific St
OmahaNE68105

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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The Green Lodge
Studio to 1 Bedroom Apartments

The Green Lodge

3503 Jones StOmaha, NE 68105
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Angela Apartments
Studio to 1 Bedroom Apartments

Angela Apartments

3518 Dewey AveOmaha, NE 68105
  • Utilities Included
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1526 S 29th St
1 Bedroom Apartments

1526 S 29th St

1526 S 29th StOmaha, NE 68105
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Tiverton
1 Bedroom Apartments

Tiverton

3304 Jackson StOmaha, NE 68105
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Castle Court
1 to 2 Bedroom Apartments

Castle Court

3706 Jones StOmaha, NE 68105
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540 S 30th St
1 Bedroom Apartments

540 S 30th St

540 S 30th StOmaha, NE 68105
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The Normandie
1 to 2 Bedroom Apartments

The Normandie

1102 Park AveOmaha, NE 68105
  • Utilities Included
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1305 S 32nd Street
1 to 2 Bedroom Apartments

1305 S 32nd Street

1305 S 32nd StOmaha, NE 68105
Corporate Housing

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 Slip In
1 Bedroom Apartments

The Slip In

511 S 31st StOmaha, NE 68105
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The Warren
1 to 2 Bedroom Apartments

The Warren

1137 Park AveOmaha, NE 68105
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Art Deco
1 Bedroom Apartments

Art Deco

836 Park AveOmaha, NE 68105
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The Art Decos
1 Bedroom Apartments

The Art Decos

846 Park AveOmaha, NE 68105
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Midtown Court
Studio to 2 Bedroom Apartments

Midtown Court

504 S 35th AveOmaha, NE 68105
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The Back Nine
Studio to 1 Bedroom Apartments

The Back Nine

336 S 37th StOmaha, NE 68131
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Rubin 14
2 Bedroom Apartments

Rubin 14

632 S 38th StOmaha, NE 68105
  • Utilities Included

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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Showing Results 1-50, Page 1 of 2

Cheapest Available Southeast Downtown Omaha Apartments for Rent

 

The cheapest available apartment rental in the Southeast Downtown Omaha area of Omaha, NE is a 1 Bed unit found at 540 S 30th St priced from $695. Hanscom and Georgia Row Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here are the most affordable Southeast Downtown Omaha apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
540 S 30th St1 Beds, 1 Baths1BR,1BA$695
Hanscom and Georgia Row Apartments1/1 - 60%1BR,1BA$695
The Back Nine1 Bed, 1 Bath - 700 SF1BR,1BA$795
3608 Jackson Street1BR/1.0BA1BR,1BA$795
University Place Apartments60% AMI 1BD/1BA1BR,1BA$815
Rachelle Apartments1 Bed, 1 bath1BR,1BA$845
Fleetwood Apartments1 Bed, 1 bath1BR,1BA$845
University Row ApartmentsOne Bedroom - 60% AMI1BR,1BA$845
Urban Village MidtownGreen Lodge - One Bedroom1BR,1BA$850
The Brenton Apartments1/11BR,1BA$895

Best Value Apartments for Rent in Southeast Downtown Omaha, NE

As of June 22, 2026 the best value apartment in the Southeast Downtown Omaha area is the $1.47 price per square foot Midtown Model at Square Apartments in the in the Old Market neighborhood starting from $1,667. The second greatest value Southeast Downtown Omaha apartment is the 3828 Jones St Model at 3828 Jones St, Unit 202 starting at $900 with a $1.13 price per square foot in the Holy Cross neighborhood. Here is today’s list of the best values for Southeast Downtown Omaha apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Square ApartmentsMidtown2BR,2BA$1.47
3828 Jones St, Unit 2023828 Jones St2BR,1BA$1.13
Himebaugh Apartments1/11BR,1BA$1.41
The Back Nine1 Bed, 1 Bath - 700 SF1BR,1BA$1.14
Fleetwood Apartments1 Bed, 1 bath1BR,1BA$1.21
Rachelle Apartments1 Bed, 1 bath1BR,1BA$1.30
University Villas80% AMI 1 Bed/1 Bath1BR,1BA$1.45
Hansom Court1 Bed 1 Bath1BR,1BA$1.46
The Brenton Apartments1/11BR,1BA$1.44
540 S 30th St1 Beds, 1 Baths1BR,1BA$1.39

Frequently Asked Questions about Cheap Southeast Downtown Omaha Apartments

What is a cheap apartment in Southeast Downtown Omaha?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southeast Downtown Omaha is under $895.

What is the price of a cheap apartment in Southeast Downtown Omaha?

The cheapest apartment in Southeast Downtown Omaha is 540 S 30th St which is listed at $695, while the average apartment in Southeast Downtown Omaha costs $2,195.

What types of apartments are the cheapest in Southeast Downtown Omaha?

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 22 regular apartments in Southeast Downtown Omaha 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 Southeast Downtown Omaha?

Cheap apartments in Southeast Downtown Omaha have an average cost of $609 which is $1,586 cheaper than the average rent for all rentals in Southeast Downtown Omaha.

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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Exploring Omaha’s Best Affordable Neighborhoods: Finding Your Perfect Fit in the Heart of the Midwest

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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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.