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.

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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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

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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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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The Frederick
2 Bedroom Apartments

The Frederick

4813 Underwood AveOmaha, NE 68132

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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Sweetbriar
Studio Apartments

Sweetbriar

4910 Capitol AveOmaha, NE 68132

Underwood Avenue, Omaha, NE Local Guide

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 MarCon Dundee Apartments priced from $735. Alhambra has the second lowest priced unit, which is a Studio apartment currently listed from $739. Here are the most affordable Underwood Avenue apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
MarCon Dundee ApartmentsCalifornia - 1 Bedroom1BR,1BA$735
AlhambraStudio - LargeStudio,1BA$739
MarCon Capitol ApartmentsOne Bedroom1BR,1BA$755
Gladstone ApartmentsOne Bedroom1BR,1BA$795
Dundee FlatsStudioStudio,1BA$1,099

Best Value Apartments for Rent in Underwood Avenue, NE

As of September 19, 2025 the best value apartment in the Underwood Avenue area is the $1.26 price per square foot Two Bedroom Model at Gladstone Apartments in the in the Holy Cross neighborhood starting from $995. The second greatest value Underwood Avenue apartment is the Two Bedroom Model at MarCon Capitol Apartments starting at $885 with a $1.20 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.
Gladstone ApartmentsTwo Bedroom2BR,1BA$1.26
MarCon Capitol ApartmentsTwo Bedroom2BR,1BA$1.20
Dundee FlatsStudioStudio ,1BA$1.90
MarCon Dundee ApartmentsCalifornia - 1 Bedroom1BR,1BA$1.41
4907 Capitol Ave, Unit 24907 Capitol AveStudio ,1BA$1.55
AlhambraStudio - LargeStudio ,1BA$1.74

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Underwood Avenue, Omaha, NE

Ranked #150

Among cities in Nebraska for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Underwood Avenue Neighborhood in Omaha, NE

Walk Score®

83 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

56 / 100

Bikeable

Some bike infrastructure

Transit Score®

33 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Underwood Avenue Apartments

What is the price of a cheap apartment in Underwood Avenue?

The cheapest apartment in Underwood Avenue is MarCon Dundee Apartments which is listed at $735, while the average apartment in Underwood Avenue costs $1,099.

What types of apartments are the cheapest in Underwood Avenue?

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 1 regular apartments in Underwood Avenue that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.