Cheap Apartments for Rent in the Underwood Avenue Neighborhood of Omaha, NE from $500 (16 Rentals)

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

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Sweetbriar
Studio Apartments

Sweetbriar

4910 Capitol AveOmaha, NE 68132
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5004 Davenport St
1 to 2 Bedroom Apartments

5004 Davenport St

5004 Davenport StOmaha, NE 68132
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Roosevelt
Studio to 2 Bedroom Apartments

Roosevelt

4724 Davenport StOmaha, NE 68132

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Glendale
1 to 2 Bedroom Apartments

Glendale

406 N 49th StOmaha, NE 68132
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4920 Capitol Ave
1 Bedroom Apartments

4920 Capitol Ave

4920 Capitol AveOmaha, NE 68132
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Alhambra
Studio to 1 Bedroom Apartments

Alhambra

4902 Capitol AveOmaha, NE 68132
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Birchwood
1 to 2 Bedroom Apartments

Birchwood

4806 Dodge StOmaha, NE 68132

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Showing Results 1-16, Page 1 of 1

Cheapest Available Underwood Avenue Apartments for Rent

 

The cheapest available apartment rental in the Underwood Avenue area of Omaha, NE is a 1 Bed unit found at 5006-08 California St priced from $795. Alhambra has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Underwood Avenue apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
5006-08 California St1 Bedroom 1 Bathroom1BR,1BA$795
Alhambra1 Bed, 1 Bath - Small1BR,1BA$799
The Gladstone! Classic but Modern 1 & 2 Bedroom Apartments in Dundee1/1 Renovated1BR,1BA$895
Dundee Place 4919 Davenport2/12BR,1BA$1,150
Dundee Flats2 Bedroom, 2 Bathroom E2BR,2BA$1,599

Best Value Apartments for Rent in Underwood Avenue, NE

As of May 26, 2026 the best value apartment in the Underwood Avenue area is the $1.73 price per square foot 2 Bedroom, 2 Bathroom E Model at Dundee Flats in the in the Holy Cross neighborhood starting from $1,599. The second greatest value Underwood Avenue apartment is the 4907 Capitol Ave Model at 4907 Capitol Ave, Unit #3 starting at $1,100 with a $1.22 price per square foot in the Holy Cross neighborhood. Here is today’s list of the best values for Underwood Avenue apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Dundee Flats2 Bedroom, 2 Bathroom E2BR,2BA$1.73
4907 Capitol Ave, Unit #34907 Capitol Ave2BR,1.5BA$1.22
Dundee Place 4919 Davenport2/12BR,1BA$1.53
The Gladstone! Classic but Modern 1 & 2 Bedroom Apartments in Dundee1/1 Renovated1BR,1BA$1.42
5006-08 California St1 Bedroom 1 Bathroom1BR,1BA$1.53
Alhambra1 Bed, 1 Bath - Small1BR,1BA$1.60

Frequently Asked Questions about Cheap Underwood Avenue Apartments

What is the lowest price for a Cheap Two Bedroom Underwood Avenue Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Underwood Avenue is starting from $1,150 at Dundee Place 4919 Davenport.

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

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.