Cheap Apartments for Rent in the Waverly Park Neighborhood of Omaha, NE from $400 (128 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Waverly Park 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 112 N 38th Ave

$810 - $865

Studio To 1 Bedroom Rentals

Available Now

112 N 38th Ave

OmahaNE68131

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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111 S 38th St, Unit 3
$950
Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950
1 Bedroom Apartment Available Now

111 S 38th St, Unit 3

111 S 38th StOmaha, NE 68131
Cost Per Sq.Ft.
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property at 2561 Izard Ct

$975 - $1,100

1 To 2 Bedroom Rentals

Available Now

2561 Izard Ct

OmahaNE68131

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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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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property at 2575 Irving Ct

$1,100 - $1,250

2 Bedroom Rentals

Available Now

2575 Irving Ct

OmahaNE68131

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Waverly Park, Omaha, NE Local Guide

Cheapest Available Waverly Park Apartments for Rent

 

The cheapest available apartment rental in the Waverly Park area of Omaha, NE is a 1 Bed unit found at Halford Apartments priced from $695. Westbrook Tower has the second lowest priced unit, which is a Studio apartment currently listed from $729. Here are the most affordable Waverly Park apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
Halford Apartments1 Beds, 1 Baths1BR,1BA$695
Westbrook TowerStudioStudio,1BA$729
ALANSCO 1016 N 47 Ave1BR/1.0BA1BR,1BA$745
38th PlaceBrown Cabinet w/ Balcony1BR,1BA$750
Larimore Senior ResidencesOne Bed/One Bat 60%1BR,1BA$760
Rose Manor Apartments1BR/1.0BA1BR,1BA$795
115 S 38th St1 Beds, 1 Baths1BR,1BA$795
California Place Apartments1 Bedroom 1 Bathroom1BR,1BA$795
Fairview ApartmentsOne Bed1BR,1BA$799

Best Value Apartments for Rent in Waverly Park, NE

As of July 15, 2026 the best value apartment in the Waverly Park area is the $1.19 price per square foot One Bedroom Loft Model at 38th St Lofts in the in the Holy Cross neighborhood starting from $1,650. The second greatest value Waverly Park apartment is the 1BR/1.0BA Model at M34 Apartments starting at $1,395 with a $1.17 price per square foot in the Old Market neighborhood. Here is today’s list of the best values for Waverly Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
38th St LoftsOne Bedroom Loft1BR,1.5BA$1.19
M34 Apartments1BR/1.0BA1BR,1BA$1.17
Fairview ApartmentsTwo Bed, 1.5 Bath2BR,1.5BA$1.17
111 S 38th St, Unit 3111 S 38th St1BR,1BA$1.04
4907 Capitol Ave, Unit #34907 Capitol Ave2BR,1.5BA$0.97
Benson Crest Apartments1 Bed 1 Bath1BR,1BA$1.13
129 N 36th St, Unit 1129 N 36th St1BR,1BA$1.00
38th PlaceBrown Cabinet w/ Balcony1BR,1BA$1.04
Larimore Senior ResidencesOne Bed/One Bat 60%1BR,1BA$1.13
ALANSCO 1016 N 47 Ave1BR/1.0BA1BR,1BA$1.19

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Waverly Park, Omaha, NE

Ranked #142

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Waverly Park, Omaha, NE

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Northeast Central Omaha, NE. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, pet-friendly features, family-friendly amenities, proximity to transit, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Waverly Park Apartments

What is a cheap apartment in Waverly Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waverly Park is under $799.

What is the price of a cheap apartment in Waverly Park?

The cheapest apartment in Waverly Park is Halford Apartments which is listed at $695, while the average apartment in Waverly Park costs $3,640.

What types of apartments are the cheapest in Waverly Park?

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 150 regular apartments in Waverly Park 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 Waverly Park?

Cheap apartments in Waverly Park have an average cost of $2,068 which is $1,572 cheaper than the average rent for all rentals in Waverly Park.

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

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

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

Written by: Robin Stewart

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.