Cheap Apartments for Rent in the Prospect Hill Neighborhood of Omaha, NE from $400 (178 Rentals)

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

Omaha's Best Affordable Neighborhoods

Learn about Omaha and the best places to live with original content written by our Local Expert Darla Ferrara

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Prospect Hill, Omaha, NE Local Guide

Cheapest Available Prospect Hill Apartments for Rent

 

The cheapest available apartment rental in the Prospect Hill area of Omaha, NE is a Studio unit found at The Avenue apartments priced from $615. ALANSCO 1016 N 47 Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $735. Here are the most affordable Prospect Hill apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
The Avenue apartmentsStudio w/ CarpetStudio,1BA$615
ALANSCO 1016 N 47 Ave1BR/1.0BA1BR,1BA$735
MarCon Capitol ApartmentsOne Bedroom1BR,1BA$755
Gladstone ApartmentsOne Bedroom1BR,1BA$795
Digs on Park AveStudioStudio,1BA$799
Turner Park Apartments1BR1BR,1BA$800
Plaza Court Apartments1 Bed, 1 bath1BR,1BA$825
Hotel FlatironZiegman-B21BR,1BA$840
The Flats on HowardThe SterlingStudio,1BA$855
Larimore Senior ResidencesOne Bed/One Bat 60% Hh1BR,1BA$883

Best Value Apartments for Rent in Prospect Hill, NE

As of April 24, 2025 the best value apartment in the Prospect Hill area is the $1.18 price per square foot 1 Bed 1 Bath Model at Cornerstone Apartments in the in the Old Market neighborhood starting from $1,475. The second greatest value Prospect Hill apartment is the 1BR/1.0BA Model at M34 Apartments starting at $1,295 with a $1.08 price per square foot in the Old Market neighborhood. Here is today’s list of the best values for Prospect Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cornerstone Apartments1 Bed 1 Bath1BR,1BA$1.18
M34 Apartments1BR/1.0BA1BR,1BA$1.08
Dundee ViewTwo Bed2BR,1BA$1.20
MarCon Blackstone ApartmentsDelta - 2 Bedroom2BR,1BA$1.08
320 N 40th StApt. 52BR,1BA$1.19
Century House2 bed 1 bath A2BR,1BA$1.06
MarCon Capitol ApartmentsOne Bedroom1BR,1BA$0.93
Plaza Court Apartments1 Bed, 1 bath1BR,1BA$1.22
Gladstone ApartmentsOne Bedroom1BR,1BA$1.23
ALANSCO 1016 N 47 Ave1BR/1.0BA1BR,1BA$1.18

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Pet Friendly Lifestyle
Prospect Hill, Omaha, NE

Ranked #3

Among neighborhoods in Omaha, NE for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers compiles millions of data points to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Prospect Hill, Omaha, and the greater Omaha area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and easy access to the parks, pet-friendly features, family-friendliness, proximity to transit, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Prospect Hill Neighborhood in Omaha, NE

Walk Score®

50 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

42 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

39 / 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 Prospect Hill Apartments

What is a cheap apartment in Prospect Hill?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Prospect Hill is under $883.

What is the price of a cheap apartment in Prospect Hill?

The cheapest apartment in Prospect Hill is The Avenue apartments which is listed at $715, while the average apartment in Prospect Hill costs $2,350.

What types of apartments are the cheapest in Prospect Hill?

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 184 regular apartments in Prospect Hill 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 Prospect Hill?

Cheap apartments in Prospect Hill have an average cost of $908 which is $1,442 cheaper than the average rent for all rentals in Prospect Hill.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.