Cheap Apartments for Rent in the Underwood Avenue Neighborhood of Omaha, NE from $500 (14 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Underwood Avenue 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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Glendale
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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Roosevelt
1 Bedroom Apartments

Roosevelt

4724 Davenport StOmaha, NE 68132
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Alhambra
Studio to 1 Bedroom Apartments

Alhambra

4902 Capitol AveOmaha, NE 68132

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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 Capitol Apartments priced from $755. Gladstone Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here are the most affordable Underwood Avenue apartments for rent in Omaha, NE:

Apartment ListingModel NameBed/BathPriced From
MarCon Capitol ApartmentsOne Bedroom1BR,1BA$755
Gladstone ApartmentsOne Bedroom1BR,1BA$795
Turner Park Apartments1BR1BR,1BA$800
Blackstone Apartments1 Bedroom, 1 Bathroom1BR,1BA$900
The Belmont1/11BR,1BA$925

Best Value Apartments for Rent in Underwood Avenue, NE

As of April 30, 2025 the best value apartment in the Underwood Avenue area is the $1.66 price per square foot Cobblestone with Den Model at 1501 Jackson in the in the Old Market neighborhood starting from $2,525. The second greatest value Underwood Avenue apartment is the 4802 Capitol Ave Model at 4802 Capitol Ave, Unit Apartment 3 starting at $1,700 with a $1.24 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.
1501 JacksonCobblestone with Den2BR,2BA$1.66
4802 Capitol Ave, Unit Apartment 34802 Capitol Ave2BR,1BA$1.24
MarCon Capitol ApartmentsOne Bedroom1BR,1BA$0.93
The Belmont1/11BR,1BA$1.42
Gladstone ApartmentsOne Bedroom1BR,1BA$1.23
Blackstone Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.44
Turner Park Apartments1BR - Furnished1BR,1BA$2.17
4932 Davenport St, Unit 34932 Davenport St1BR,1BA$2.14

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Pet Friendly Lifestyle
Underwood Avenue, Omaha, NE

Ranked #153

Among neighborhoods in Omaha, NE 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 Capitol Apartments which is listed at $755, while the average apartment in Underwood Avenue costs $2,205.

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.

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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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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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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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.