Cheap Apartments for Rent in Lincoln, IL from $300 (34 Rentals)

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

property at 1111 6th St

1111 6th St

LincolnIL62656
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Plowfield Square
1 to 3 Bedroom Apartments

Plowfield Square

700 Malerich DrLincoln, IL 62656
  • Utilities Included
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Rivendell Estates
1 to 3 Bedroom Apartments

Rivendell Estates

13 Community DrLincoln, IL 62656
  • Utilities Included
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Lincoln Village
1 to 2 Bedroom Apartments

Lincoln Village

1000 N College StLincoln, IL 62656

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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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.

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Cash 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.

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215 N 3rd St
1 to 2 Bedroom Apartments

215 N 3rd St

215 N 3rd StHartsburg, IL 62643

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.

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Butler Place
2 Bedroom Apartments

Butler Place

3100 Butler StSpringfield, IL 62703
  • Utilities Included
Showing Results 1-34, Page 1 of 1

Lincoln, IL Local Guide

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 $461. Washington Senior Apartments in the Downtown Bloomington neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $548. Here is today’s list of the most affordable Lincoln apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Roosevelt School Apartments1 Bedroom1BR,1BA$461
Washington Senior ApartmentsStudioStudio,1BA$548
Stones Crossing ApartmentsNice one bedroom efficiency apartment1BR,1BA$625
Mounford Terrace1 Bedroom 1 Bath1BR,1BA$655
Whispering Pines Apartments1 Bed, 1 Bath - Essential1BR,1BA$700
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$799
106 S 4th St2 bedroom2BR,1BA$800
Currency Commons Apartments1B1B1BR,1BA$840
Safe Harbor Properties1 Bdr/ 1 Bath Private Balcony Capitol Views1BR,1BA$875
Smart Choice Park1 Bedroom Unit-Standard1BR,1BA$875

Best Value Apartments for Rent in Lincoln, IL and Nearby

As of November 02, 2025 the best value apartment in the Lincoln area is the $0.83 price per square foot 2BR/ 1BA Model at East Douglas Apartments in the in the Downtown Bloomington neighborhood starting from $1,000. The second greatest value Lincoln apartment is the 2/1 Vaulted Ceilings Model at 108 Oak Creek Plaza starting at $999 with a $0.87 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 ListingModel NameBed/BathPrice Per Sq.Ft.
East Douglas Apartments2BR/ 1BA2BR,1BA$0.83
108 Oak Creek Plaza2/1 Vaulted Ceilings2BR,1BA$0.87
Danbury Court ApartmentsTwo Bedroom, Two Bath (market)2BR,2BA$1.11
Safe Harbor PropertiesWalk to work. Capitol View. WIFI Included.2BR,1BA$1.03
3TENB12BR,1BA$1.01
2474 N FlorianUnit 112BR,1.5BA$1.13
Roosevelt School Apartments1 Bedroom1BR,1BA$0.61
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07
Mounford Terrace1 Bedroom 1 Bath1BR,1BA$1.07
Stones Crossing ApartmentsVery nice and updated one bedroom for rent!!!!!1BR,1BA$1.16

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The 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.

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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 Lincoln, IL Rentals by Map

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See the most popular apartments and homes in Lincoln, IL

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Getting Around Lincoln, IL

Walk Score®

53 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $461 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 $543 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 $613.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.