Cheap Apartments for Rent in the Southeast Downtown Omaha Neighborhood of Omaha, NE from $500 (76 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 May 15

601 S 38th Ave

OmahaNE68105

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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
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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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1305 S 32nd Street
1 to 2 Bedroom Apartments

1305 S 32nd Street

1305 S 32nd StOmaha, NE 68105
Corporate Housing

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The Normandie
1 to 2 Bedroom Apartments

The Normandie

1102 Park AveOmaha, NE 68105
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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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3608 Jackson St
1 to 2 Bedroom Apartments

3608 Jackson St

3608 Jackson StOmaha, NE 68105
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Rubin 14
2 Bedroom Apartments

Rubin 14

632 S 38th StOmaha, NE 68105
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Barlee Apartments
Studio to 2 Bedroom Apartments

Barlee Apartments

528 S 29th StOmaha, NE 68105
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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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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 Hanscom and Georgia Row Apartments priced from $795. Howard Street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here are the most affordable Southeast Downtown Omaha apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
Hanscom and Georgia Row Apartments1/1 - 60%1BR,1BA$795
Howard Street1 Bedroom, 1 Bathroom1BR,1BA$825
Rachelle Apartments1 Bed, 1 bath1BR,1BA$845
University Row ApartmentsOne Bedroom - 60% AMI1BR,1BA$845
Urban Village MidtownGreen Lodge - One Bedroom1BR,1BA$850
The Back Nine1 Bed, 1 Bath - 700 SF1BR,1BA$860
The Brenton Apartments1/11BR,1BA$895
Henry Louis ApartmentsStudio, 1 BathroomStudio,1BA$895
SPACESJewels BasementStudio,1BA$940
Hansom Court1 Bed 1 Bath1BR,1BA$950

Best Value Apartments for Rent in Southeast Downtown Omaha, NE

As of May 08, 2026 the best value apartment in the Southeast Downtown Omaha area is the $1.56 price per square foot Joslyn Model at The Helen in the in the Old Market neighborhood starting from $1,701. The second greatest value Southeast Downtown Omaha apartment is the 120% AMI 2BD/1BA Model at University Place Apartments starting at $1,225 with a $1.42 price per square foot in the Old Market 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.
The HelenJoslyn2BR,1BA$1.56
University Place Apartments120% AMI 2BD/1BA2BR,1BA$1.42
Himebaugh Apartments1/11BR,1BA$1.57
The Back Nine1 Bed, 1 Bath - 700 SF1BR,1BA$1.23
Howard Street1 Bedroom, 1 Bathroom1BR,1BA$1.18
Rachelle Apartments1 Bed, 1 bath1BR,1BA$1.30
Hansom Court1 Bed 1 Bath1BR,1BA$1.46
The Belmont Apartments1/1 Balcony1BR,1BA$1.48
The Brenton Apartments1/11BR,1BA$1.44
University Row ApartmentsOne Bedroom - 60% AMI1BR,1BA$1.63

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 $950.

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

The cheapest apartment in Southeast Downtown Omaha is Hanscom and Georgia Row Apartments which is listed at $795, 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 15 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 $593 which is $1,602 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.

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