
Cheap Apartments for Rent in Lincoln, IL from $300 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in Lincoln.


Brainard Landings Apartments

715 S Jefferson St, Unit 715

Plowfield Square

Rivendell Estates

Lincoln Northside Apartments

Lincoln Village

Roosevelt School Apartments

Washington Senior Apartments
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.

Total Monthly Price
Whispering Pines Apartments

Stones Crossing Apartments

Total Monthly Price
Woodcrest Apartment Homes

Oakwood Estates

Safe Harbor Properties

Sunset Hills Apartments

Total Monthly Price
Lincoln Tower Apartments

Total Monthly Price
Hickory Point Apartments

106 S 4th 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.

3TEN

The Quarry Apartments

Traditions Bloomington

Bristol Gardens

Capitol Plaza Apartments

Grove at Main Apartments

Total Monthly Price
West Mound Apartments

East Douglas Apartments

2474 N Florian
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.

215 N 3rd St

The Hickox Collection

14716 E 425 North Rd

The Apartments at Liberty Rose

Lake Shore Apartments

702 W Miller St

Butler Place

824 E Ridgely Ave

108 N 24th St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

2205 N 2nd St
Lincoln, IL Local Guide

How much does it cost to rent an apartment in Lincoln?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lincoln Studio Apartments | $869 | $502 | $1,900 |
| Lincoln 1 Bedroom Apartments | $1,096 | $400 | $5,355 |
| Lincoln 2 Bedroom Apartments | $1,317 | $585 | $9,229 |
| Lincoln 3 Bedroom Apartments | $1,171 | $662 | $1,750 |
| Lincoln 4 Bedroom Apartments | $1,820 | $1,820 | $1,820 |
Browse Top Apartments in Lincoln
See all Apartments in LincolnExplore Lincoln
Lincoln, IL Local Guide
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Cheapest Available Lincoln Apartments for Rent and Nearby
 The cheapest available apartment rental in Lincoln, IL is a 1 Bed unit found at Roosevelt School Apartments priced from $496. Washington Senior Apartments in the Downtown Bloomington neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $546. Here is today’s list of the most affordable Lincoln apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Roosevelt School Apartments | 1 Bedroom | 1BR,1BA | $496 |
| Washington Senior Apartments | Studio | Studio,1BA | $546 |
| Whispering Pines Apartments | 1 Bed, 1 Bath - Essential | 1BR,1BA | $600 |
| Stones Crossing Apartments | Nice one bedroom efficiency apartment | 1BR,1BA | $625 |
| Safe Harbor Properties | Studio | Studio,1BA | $730 |
| Oakwood Estates | Two Bedroom One Bath | 2BR,1BA | $785 |
| Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $799 |
| 106 S 4th St | 2 bedroom | 2BR,1BA | $800 |
| 3TEN | B1 | 2BR,1BA | $805 |
| Capitol Plaza Apartments | One Bedroom, One Bath | 1BR,1BA | $896 |
Best Value Apartments for Rent in Lincoln, IL and Nearby
As of February 15, 2026 the best value apartment in the Lincoln area is the $0.71 price per square foot Sunset Hills Model at Sunset Hills Apartments in the starting from $925. The second greatest value Lincoln apartment is the 2BR/ 1BA Model at East Douglas Apartments starting at $900 with a $0.75 price per square foot in the Downtown Bloomington 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. |
|---|---|---|---|
| Sunset Hills Apartments | Sunset Hills | 3BR,2BA | $0.71 |
| East Douglas Apartments | 2BR/ 1BA | 2BR,1BA | $0.75 |
| 108 Oak Creek Plaza | 2/1 Vaulted Ceilings LVP Flooring | 2BR,1BA | $1.04 |
| The Quarry Apartments | Slate | 2BR,1.5BA | $0.88 |
| Currency Commons Apartments | 2B2B | 2BR,2BA | $1.14 |
| 2474 N Florian | Unit 10 | 2BR,1.5BA | $1.00 |
| Oakwood Estates | Two Bedroom One Bath | 2BR,1BA | $0.87 |
| 3TEN | B1 | 2BR,1BA | $0.91 |
| Roosevelt School Apartments | 1 Bedroom | 1BR,1BA | $0.66 |
| Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lincoln, IL Rentals by Map
See the most popular apartments and homes in Lincoln, IL
Frequently Asked Questions about Cheap Lincoln Apartments
What is the Cheapest Studio apartment in Lincoln?
Currently the most affordable Cheap Studio Apartment in Lincoln is at Roosevelt School Apartments listed at $502.
How much is rent for a Cheap One Bedroom Lincoln Apartment?
The lowest price for a Cheap One Bedroom Lincoln Apartment is $496 at Roosevelt School Apartments.
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 $585 at Roosevelt School Apartments.
What is the most affordable Lincoln Three Bedroom Apartment?
The best deal on a cheap Lincoln Three Bedroom Apartment rental is at Roosevelt School Apartments and starts from $662.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.