Cheap Apartments for Rent near Lancaster, MO from $415 (43 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lancaster.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 1025 5th Ave E

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Sep 5

1025 5th Ave E

OskaloosaIA52577
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Louden Lofts
Studio to 3 Bedroom Apartments

Louden Lofts

607 W Broadway AveFairfield, IA 52556
  • Utilities Included
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Chateau Apartments
1 to 2 Bedroom Apartments

Chateau Apartments

114 26th StFort Madison, IA 52627
  • Utilities Included
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1833 Curtis Ave
1 to 2 Bedroom Apartments

1833 Curtis Ave

1833 Curtis AveChariton, IA 50049
Corporate Housing
  • Utilities Included

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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Keokuk Family Flats
1 to 3 Bedroom Apartments

Keokuk Family Flats

2812 Lincoln AveKeokuk, IA 52632
  • Utilities Included
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Tisdale Apartments
2 Bedroom Apartments

Tisdale Apartments

232 E 4th StOttumwa, IA 52501
  • Utilities Included
property at 661 N 19th St

$691 - $760

2 Bedroom Rentals

Available Now

661 N 19th St

HamiltonIL62341
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501 S Osteopathy Ave
1 Bedroom Apartments

501 S Osteopathy Ave

501 S Osteopathy AveKirksville, MO 63501
Student Housing
  • Utilities Included

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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Showing Results 1-43, Page 1 of 1

Lancaster, MO Local Guide

Cheapest Available Lancaster Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lancaster, MO is a 1 Bed unit found at Rollins Apartments priced from $470. Next Level Apartments - Easton Village in the Easton Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Lancaster apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rollins Apartments1 Bedroom1BR,1BA$470
Next Level Apartments - Easton VillageA11BR,1BA$695
Foxwood ApartmentsA21BR,1BA$700
Indianola Park II Apartments1BR Upper1BR,1BA$750
Indianola Park Apartments1BR Upper1BR,1BA$750
Dennis Park ApartmentsB12BR,1BA$781
Deer Run ApartmentsB12BR,1BA$809
Prairie Meadows ApartmentsA1 Classic1BR,1BA$850
Linden East Apartments1 bed 1 bath1BR,1BA$875
Monroe City Senior Housing 62+1 Bed 1 Bath1BR,1BA$875

Best Value Apartments for Rent in Lancaster, MO and Nearby

As of August 30, 2026 the best value apartment in the Lancaster area is the $0.76 price per square foot 2 Bedroom Model at Nemitz Hall in the in the Threshers Meadows neighborhood starting from $1,095. The second greatest value Lancaster apartment is the Lease by August 31st, 2026 and enjoy $500 off y... Model at Villa's on Bell starting at $1,380 with a $1.11 price per square foot . Here is today’s list of the best values for Lancaster apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Nemitz Hall2 Bedroom2BR,2BA$0.76
Villa's on BellLease by August 31st, 2026 and enjoy $500 off y...3BR,2BA$1.11
Terrace View by KadingCottage - 33BR,2BA$1.04
Country Club Estates3 Bedroom 2 Bathroom3BR,2BA$0.93
Osceola Heights by KadingVilla3BR,1BA$1.00
School House Apartments2 Bedroom and 1 Bath2BR,1BA$1.03
Deer Run ApartmentsB12BR,1BA$1.01
Dennis Park ApartmentsB12BR,1BA$0.98
Rollins Apartments1 Bedroom1BR,1BA$0.70
Next Level Apartments - Easton VillageA11BR,1BA$1.07

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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lancaster, MO Rentals by Map

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See the most popular apartments and homes in Lancaster, MO

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Frequently Asked Questions about Cheap Lancaster Apartments

How much is rent for a Cheap One Bedroom Lancaster Apartment?

The lowest price for a Cheap One Bedroom Lancaster Apartment is $470 at Rollins Apartments.

What is the lowest price for a Cheap Two Bedroom Lancaster Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lancaster is starting from $750 at Next Level Apartments - Easton Village.

What is the most affordable Lancaster Three Bedroom Apartment?

The best deal on a cheap Lancaster Three Bedroom Apartment rental is at Next Level Apartments - Easton Village and starts from $882.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.