
Cheap Homes for Rent in Lincoln, DE from $1,500 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Lincoln.


9062 Coastal Hwy

17236 Pine Water

3370 Gun and Rod Club Rd

20929 Johnson Rd
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.

672 N Bedford St

129 Church St

111 Williamsville Rd

406 S Spinnaker Ln

104 E Market St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

5296 Yuletide Ln

5102 Pebble Ln

607 Union St

5738 Big Stone Beach Rd

17632 Fieldstone Ave
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

9066 Coastal Hwy
Lincoln, DE Local Guide

How much does it cost to rent a home in Lincoln?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lincoln 2 Bedroom Homes for Rent | $2,002 | $1,600 | $2,600 |
| Lincoln 3 Bedroom Homes for Rent | $2,146 | $1,600 | $3,000 |
| Lincoln 4 Bedroom Homes for Rent | $2,699 | $1,950 | $3,400 |
Browse Top Homes for Rent in Lincoln
Explore Lincoln
Lincoln, DE Local Guide
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Cheapest Available Lincoln Apartments for Rent and Nearby
 The cheapest available apartment rental in Lincoln, DE is a 1 Bed unit found at Dunbarton Estates Apartments priced from $776. Premier Village Apartments in the Orioles Cove neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,125. Here is today’s list of the most affordable Lincoln apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Dunbarton Estates Apartments | 1 Bed, 1 bath | 1BR,1BA | $776 |
| Premier Village Apartments | Studio | Studio,1BA | $1,125 |
| Cypress Grove | ATTAINABLE HOUSING at Cypress Grove (1BR/1BA) | 1BR,1BA | $1,140 |
| Greenwood Pointe | The Oak Classic (2BD | 1.5 BA) | 2BR,1BA | $1,300 |
| Melanie's Ridge | 1 Bedroom | 1BR,1BA | $1,375 |
Best Value Apartments for Rent in Lincoln, DE and Nearby
As of January 01, 2026 the best value apartment in the Lincoln area is the $1.43 price per square foot VO3 Model at Vincent Overlook in the in the Bay Front neighborhood starting from $2,795. The second greatest value Lincoln apartment is the Heron Bay 2 Model at Heron Bay starting at $2,395 with a $1.24 price per square foot in the Bay Front neighborhood. Here is today’s list of the best values for Lincoln apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Vincent Overlook | VO3 | 3BR,2BA | $1.43 |
| Heron Bay | Heron Bay 2 | 3BR,2BA | $1.24 |
| Windward Grove - Townhome Rentals | End Unit - Fenced | 3BR,2.5BA | $1.61 |
| The Reserves At Belle Ayre | Three Bedroom | 3BR,2.5BA | $1.14 |
| Windward on The River | Carlisle | 3BR,2BA | $1.55 |
| The Reserve on East | 2 BD | 2BR,2BA | $1.54 |
| Watergate Townhomes | 2 Bed 2 Bath Townhome | 2BR,2BA | $1.46 |
| Melanie's Ridge | 2 Bedroom | 2BR,2BA | $1.39 |
| The Oaks at Georgetown | Chestnut | 1BR,1BA | $1.60 |
| Dunbarton Estates Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.05 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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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See the most popular apartments and homes in Lincoln, DE
Frequently Asked Questions about Lincoln
What type of rentals are currently available in Lincoln?
There are currently 42 Apartments for Rent in Lincoln, DE with pricing that ranges from $726 to $3,780. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lincoln ranging from $1,550 to $3,400.
What is the current price range for Rental Homes in Lincoln?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lincoln ranges from $1,550 to $3,400 with an average monthly rent of $2,144.
How much are larger Three and Four Bedroom Rentals in Lincoln?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lincoln range from $1,191 to $3,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $2,250.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!