3500 N Dirksen Pkwy
SpringfieldIL62702
Cheap Homes for Rent in Lincoln, IL from $800 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Lincoln.
1011 N 12th St
SpringfieldIL62702
1010 N 12th St
SpringfieldIL62702
607 Keokuk St
LincolnIL62656
607 Keokuk St
LincolnIL62656
47 Imperial Valley Dr
SpringfieldIL62702
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
160 Forrest Ave
SpringfieldIL62702
920 N 19th St
SpringfieldIL62702
19 Sonoma Dr
SpringfieldIL62702
4 Amos Valley Dr
SpringfieldIL62702
630 N Stephens Ave
SpringfieldIL62702
1816 S Pope Ave
SpringfieldIL62703
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.
31 Imperial Valley Dr
SpringfieldIL62702
Showing Results 1-13, Page 1 of 1
Lincoln, IL Local Guide
Lincoln Balloon launch by Chauncey Davis is licensed under CC BY 2.0
How much does it cost to rent a home in Lincoln?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lincoln 2 Bedroom Homes for Rent | $1,592 | $1,000 | $2,000 |
| Lincoln 3 Bedroom Homes for Rent | $1,224 | $800 | $2,300 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Lincoln
Explore 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 Lincoln Senior Flats priced from $400. Roosevelt School Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $502. Here is today’s list of the most affordable Lincoln apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lincoln Senior Flats | 1 Bed 1 Bath | 1BR,1BA | $400 |
| Roosevelt School Apartments | Studio | Studio,1BA | $502 |
| Stones Crossing | Nice one bedroom efficiency apartment | 1BR,1BA | $600 |
| Whispering Pines | 1 Bed, 1 Bath - Essential | 1BR,1BA | $600 |
| Oakwood Estates | Two Bedroom One Bath | 2BR,1BA | $785 |
Best Value Apartments for Rent in Lincoln, IL and Nearby
As of June 11, 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 |
| Oak Creek Plaza | 2/1 Vaulted Ceilings LVP Flooring | 2BR,1BA | $1.04 |
| Traditions Bloomington | Two Bedroom - Market | 2BR,2BA | $1.18 |
| Oakwood Estates | Two Bedroom One Bath | 2BR,1BA | $0.87 |
| 3TEN Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.05 |
| Lincoln Senior Flats | 2 Bed 1 Bath | 2BR,1BA | $0.97 |
| 2474 N Florian | 10 | 2BR,1.5BA | $1.13 |
| Lake Shore Apartments | Apt 34 | 2BR,1BA | $1.00 |
| Stones Crossing | Very nice and updated one bedroom for rent!!!!! | 1BR,1BA | $1.16 |
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 Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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Explore Lincoln, IL Rentals by Map
See the most popular apartments and homes in Lincoln, IL
Frequently Asked Questions about Lincoln
What type of rentals are currently available in Lincoln?
There are currently 62 Apartments for Rent in Lincoln, IL with pricing that ranges from $400 to $4,636. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lincoln ranging from $800 to $2,300.
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 $800 to $2,300 with an average monthly rent of $1,408.
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 I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.