
Cheap Apartments for Rent in the Underwood Avenue Neighborhood of Omaha, NE from $500 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Underwood Avenue area of Omaha.


MarCon Capitol Apartments
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Underwood Avenue, Omaha, NE Local Guide

How much does it cost to rent an apartment in Underwood Avenue?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Underwood Avenue Studio Apartments | $1,024 | $775 | $1,126 |
Underwood Avenue 1 Bedroom Apartments | $916 | $735 | $1,199 |
Underwood Avenue 2 Bedroom Apartments | $1,081 | $885 | $1,395 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Underwood Avenue Neighborhood of Omaha, NE.
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Underwood Avenue, Omaha, NE Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
MarCon Dundee Apartments | California - 1 Bedroom | 1BR,1BA | $735 |
Alhambra | Studio - Large | Studio,1BA | $739 |
MarCon Capitol Apartments | One Bedroom | 1BR,1BA | $755 |
Gladstone Apartments | One Bedroom | 1BR,1BA | $795 |
Dundee Flats | Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Gladstone Apartments | Two Bedroom | 2BR,1BA | $1.26 |
MarCon Capitol Apartments | Two Bedroom | 2BR,1BA | $1.20 |
Dundee Flats | Studio | Studio ,1BA | $1.90 |
MarCon Dundee Apartments | California - 1 Bedroom | 1BR,1BA | $1.41 |
4907 Capitol Ave, Unit 2 | 4907 Capitol Ave | Studio ,1BA | $1.55 |
Alhambra | Studio - Large | Studio ,1BA | $1.74 |
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Pet Friendly LifestyleUnderwood Avenue, Omaha, NE
Ranked #150
Among cities in Nebraska for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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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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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Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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