Updated 5+ Days Ago
Location
101 S 49th Ave, Omaha, NE 68132, USA|Dundee - Memorial Park
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Property Overview
Elwood Apartments is rated highly overall, with strong marks for value, amenities, and location, along with a dependable level of trustworthiness. It stands out for its excellent price-to-feature balance, nearby transit, walkability, and social options, while also offering strong value per square foot and convenient access to schools.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space- Elementary school nearby
Great for
Social life
Floor plans
| 1 bed | 1 bed | 1 bath | 800 sqft | $850 /mo | 1 unit available |
Let's explore this property.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 20 |
|---|
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About Elwood Apartments
Elwood Apartments cost $850 per month. Located at 101 S 49th Ave, Omaha, NE 68132, USA, Elwood Apartments has 1 bedroom units available. Based on the average rent price of 1 bedroom in Omaha, renting an apartment at Elwood Apartments is 17% cheaper per month.Other apartment buildings in or around Omaha include but are not limited to: 825 Dorcas St, 15735 Rosewood St, 1015 Fairfax Rd, 120 124/128 S 38th St
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, Elwood Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Elwood Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Elwood Apartments offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Elwood Apartments is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Elwood Apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Elwood Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Elwood Apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Elwood Apartments is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Elwood Apartments compares to other nearby properties.
Positives
- More space
- The 1-bedroom is 151 sqft larger than other listings nearby
- Elementary school nearby
- There is an elementary school 0.3 mile away
Considerations
- Greater distance from high schools
- The nearest high school is farther than 2 miles away
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Rent trends in Dundee - Memorial Park
1-bedroom apartments at Elwood Apartments cost about 8% less than the average rent price for 1-bedroom apartments in Dundee - Memorial Park.
Median rents as of Jul 18 2026.
Dundee - Memorial Park
Omaha
| Month | Median Rent |
|---|---|
| August 2024 | $935 |
| September 2024 | $954 |
| October 2024 | $991 |
| November 2024 | $1,000 |
| December 2024 | $1,010 |
| January 2025 | $1,005 |
| February 2025 | $1,005 |
| March 2025 | $988 |
| April 2025 | $976 |
| May 2025 | $965 |
| June 2025 | $953 |
| July 2025 | $949 |
| August 2025 | $943 |
| September 2025 | $938 |
| October 2025 | $925 |
| November 2025 | $948 |
| December 2025 | $945 |
| January 2026 | $954 |
| February 2026 | $953 |
| March 2026 | $920 |
| April 2026 | $916 |
| May 2026 | $947 |
| June 2026 | $938 |
| July 2026 | $926 |
| Month | Median Rent |
|---|---|
| May 2020 | $925 |
| August 2020 | $925 |
| September 2020 | $925 |
Affordability calculator
Can I afford to live at 101 S 49th Ave?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$34,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $34,000 annually to afford this 1-bedroom monthly rent price of $850.
For more information on rent affordability, visit our rent calculator.
Schools near Elwood Apartments
Dundee Elementary School
310 n 51st st
omaha, NE, 68132
PK, K-6Public
B-
Beals Elementary School
1720 s 48th st
omaha, NE, 68106
PK, K-6Public
C
Gifford Park Elementary School
717 n 32nd st
omaha, NE, 68131
PK, K-6Public
C
Early Childhood Center at Educare - Kellom
2123 paul st
omaha, NE, 68102
PKPublic
Early Learning Pk Center at Kennedy
3200 north 30th st
omaha, NE, 68111
PKPublic
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Internet available near Elwood Apartments
Getting around Omaha near 101 S 49th Ave
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
4/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 101 S 49th Ave, Omaha
Groceries
8/10
Wide variety of groceries within a few minutes' walk
Shopping
7/10
Wide variety of shops within a short drive, including some within walking distance
Cafes
8/10
Wide variety of cafés within a few minutes’ walk
Restaurants
8/10
Wide variety of restaurants within a short drive, including some within walking distance
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
9/10
Wide variety of bars within a few minutes' walk
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