Cheap Apartments for Rent in Lincoln, IL from $400 (47 Rentals)

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

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Rivendell Estates
1 to 3 Bedroom Apartments

Rivendell Estates

13 Community DrLincoln, IL 62656
  • Utilities Included
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Plowfield Square
1 to 3 Bedroom Apartments

Plowfield Square

700 Malerich DrLincoln, IL 62656
  • Utilities Included
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Lincoln Village
1 to 2 Bedroom Apartments

Lincoln Village

1000 N College StLincoln, IL 62656
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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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Butler Place
2 Bedroom Apartments

Butler Place

3100 Butler StSpringfield, IL 62703
  • Utilities Included
Showing Results 1-47, 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
The Hickox CollectionThe HickoxStudio,1BA$628
Moundford Terrace1 Bedroom 1 Bath1BR,1BA$655
Whispering Pines ApartmentsWhispering Pines Apartments – 1 Bed, 1 Bath Ess...1BR,1BA$700
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$799
106 S 4th St2 bedroom2BR,1BA$800
Currency Commons Apartments1B1B1BR,1BA$840
Smart Choice Park1 Bedroom Unit-Standard1BR,1BA$875

Best Value Apartments for Rent in Lincoln, IL and Nearby

As of September 18, 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 with Carpet Model at 108 Oak Creek Plaza starting at $1,149 with a $1.00 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 Ceilings with Carpet2BR,1BA$1.00
Danbury Court ApartmentsTwo Bedroom, Two Bath (market)2BR,2BA$1.11
Safe Harbor PropertiesDowntown1BR,1BA$1.03
2474 N FlorianUnit 112BR,1.5BA$1.06
Roosevelt School Apartments1 Bedroom1BR,1BA$0.61
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07
106 S 4th St2 bedroom2BR,1BA$1.21
Moundford Terrace1 Bedroom 1 Bath1BR,1BA$1.07
Stones Crossing ApartmentsVery nice and updated one bedroom for rent!!!!!1BR,1BA$1.16

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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

What is the Cheapest Studio apartment in Lincoln?

Currently the most affordable Cheap Studio Apartment in Lincoln is at Roosevelt School Apartments listed at $469.

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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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.