Cheap Apartments for Rent near Lincoln, DE from $600 (28 Rentals)

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

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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Diamond Court I & II
1 to 2 Bedroom Apartments

Diamond Court I & II

35 Diamond CtHarrington, DE 19952
  • Utilities Included
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Mispillion Apartments
1 to 2 Bedroom Apartments

Mispillion Apartments

1029 S Walnut StMilford, DE 19963
  • Utilities Included

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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Lakeside Apartments
1 to 2 Bedroom Apartments

Lakeside Apartments

505 NW Front StMilford, DE 19963
  • 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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Showing Results 1-28, Page 1 of 1

Lincoln, DE Local Guide

Cheapest Available Lincoln Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lincoln, DE is a 1 Bed unit found at Elizabeth Cornish Landing in the Heritage Shores SFD neighborhood priced from $726. Dunbarton Estates Apartments in the Sussex County neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $776. Here is today’s list of the most affordable Lincoln apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Elizabeth Cornish LandingLanding 1 BR1BR,1BA$726
Dunbarton Estates Apartments1 Bed, 1 bath1BR,1BA$776
Premier Village ApartmentsStudioStudio,1BA$1,225
Melanie's Ridge1 Bedroom1BR,1BA$1,420
Planters Run Apartments (55+ Active Adult)1 Bedroom1BR,1BA$1,450
Friendship VillageSassafras2BR,2BA$1,500
Reserve at SawmillHolly1BR,1BA$1,500
Greenwood PointeThe Oak Classic (2BD | 1.5 BA)2BR,1BA$1,525
Cypress GroveApartments at Cypress Grove (1BR/1BA)1BR,1BA$1,545
Lakeside Apartments1 Bed | 1 Bath1BR,1BA$1,563

Best Value Apartments for Rent in Lincoln, DE and Nearby

As of August 08, 2026 the best value apartment in the Lincoln area is the $1.45 price per square foot VO1 Model at Vincent Overlook in the in the Bay Front neighborhood starting from $2,750. The second greatest value Lincoln apartment is the Interior Unit - Fenced Model at Windward Grove - Townhome Rentals starting at $2,280 with a $1.47 price per square foot in the Orchard Hill neighborhood. Here is today’s list of the best values for Lincoln apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Vincent OverlookVO13BR,2BA$1.45
Windward Grove - Townhome RentalsInterior Unit - Fenced3BR,2.5BA$1.47
Windward on the RiverCarlisle3BR,2BA$1.47
The Reserve on East2 BD2BR,2BA$1.54
The Oaks at GeorgetownCanby2BR,2BA$1.45
Watergate Townhomes2 Bed 2 Bath Townhome2BR,2BA$1.49
Friendship VillageBeech2BR,2BA$1.50
Planters Run Apartments (55+ Active Adult)1 Bedroom1BR,1BA$1.63
Dunbarton Estates Apartments1 Bed, 1 bath1BR,1BA$1.05
Elizabeth Cornish LandingLanding 1 BR1BR,1BA$0.98

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!

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Frequently Asked Questions about Cheap Lincoln Apartments

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

The lowest price for a Cheap One Bedroom Lincoln Apartment is $726 at Elizabeth Cornish Landing.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lincoln is starting from $796 at Dunbarton Estates Apartments.

What is the most affordable Lincoln Three Bedroom Apartment?

The best deal on a cheap Lincoln Three Bedroom Apartment rental is at Elizabeth Cornish Landing and starts from $1,191.

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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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.

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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.