Cheap Apartments for Rent in Lincoln, IL from $300 (56 Rentals)

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

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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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Whispering Pines
$600 - $950
Total Monthly Price

Total Monthly Price

Base Rent
$585 - $935
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Whispering Pines

2473 Ladley CtSpringfield, IL 62703
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  • Utilities Included
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Woodcrest Apartment Homes
$647 - $1,100
Total Monthly Price

Total Monthly Price

Base Rent
$572 - $1,025
Required Monthly Fees
$75
Total Monthly Price
$647 - $1,100
Studio to 2 Bedroom Apartments Contact Us For Availability

Woodcrest Apartment Homes

3903 Camelot CircleDecatur, IL 62526
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  • Utilities Included
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Lincoln Tower Apartments
Rent Specials
$799 - $1,510
Total Monthly Price

Total Monthly Price

Base Rent
$739 - $1,450
Required Monthly Fees
$60
Total Monthly Price
$799 - $1,510
1 to 2 Bedroom Apartments Available Now

Lincoln Tower Apartments

520 S 2nd StSpringfield, IL 62701
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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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Prairie Hills
$925 - $1,190
Total Monthly Price

Total Monthly Price

Base Rent
$765 - $1,030
Required Monthly Fees
$160
Total Monthly Price
$925 - $1,190
2 to 3 Bedroom Apartments Available Apr 3

Prairie Hills

300 W Mound RdDecatur, IL 62526
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West Mound Apartments
$945
Total Monthly Price

Total Monthly Price

Base Rent
$845
Required Monthly Fees
$100
Total Monthly Price
$945
2 Bedroom Apartments Available Apr 17

West Mound Apartments

3707 N Northhaven CtDecatur, IL 62526
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Danbury Court
Rent Specials
$975 - $1,650
Total Monthly Price

Total Monthly Price

Base Rent
$915 - $1,590
Required Monthly Fees
$60
Total Monthly Price
$975 - $1,650
1 to 3 Bedroom Apartments Available Now

Danbury Court

19 Basil WayBloomington, IL 61705
Affordability
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  • Customer Reviewed
  • Utilities Included

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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Fox Hill Apartments
$1,030
Total Monthly Price

Total Monthly Price

Base Rent
$940
Required Monthly Fees
$90
Total Monthly Price
$1,030
1 Bedroom Apartments Available Apr 9

Fox Hill Apartments

701 Fox Hill CirBloomington, IL 61701
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215 N 3rd St
1 to 2 Bedroom Apartments

215 N 3rd St

215 N 3rd StHartsburg, IL 62643
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Lake Shore Apartments
1 to 2 Bedroom Apartments

Lake Shore Apartments

110 W Lake Shore DrSpringfield, IL 62703
  • Utilities Included

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.

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Butler Place
2 Bedroom Apartments

Butler Place

3100 Butler StSpringfield, IL 62703
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 $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 ListingModel NameBed/BathPriced From
Roosevelt School Apartments1 Bedroom1BR,1BA$496
Washington Senior ApartmentsStudioStudio,1BA$546
Whispering Pines1 Bed, 1 Bath - Essential1BR,1BA$600
Stones CrossingNice one bedroom efficiency apartment1BR,1BA$625
Safe Harbor PropertiesStudioStudio,1BA$730
Lake Shore ApartmentsApt 191BR,1BA$750
Oakwood EstatesTwo Bedroom One Bath2BR,1BA$785
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$799
Brainard Landings ApartmentsTwo Bedroom, Two Bath (II)2BR,2BA$800
106 S 4th St2 bedroom2BR,1BA$800

Best Value Apartments for Rent in Lincoln, IL and Nearby

As of April 02, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Sunset Hills ApartmentsSunset Hills3BR,2BA$0.71
East Douglas Apartments2BR/ 1BA2BR,1BA$0.75
Oak Creek Plaza2/1 Vaulted Ceilings LVP Flooring2BR,1BA$1.04
Brainard Landings ApartmentsTwo Bedroom, Two Bath (II)2BR,2BA$0.71
Currency Commons Apartments2B1B2BR,1BA$1.00
Oakwood EstatesTwo Bedroom One Bath2BR,1BA$0.87
Lake Shore ApartmentsApt 191BR,1BA$0.94
2474 N Florian102BR,1.5BA$1.13
Roosevelt School Apartments1 Bedroom1BR,1BA$0.66
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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Quick 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!

Explore Lincoln, IL Rentals by Map

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See the most popular apartments and homes in Lincoln, IL

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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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

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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.