3500 N Dirksen Pkwy
SpringfieldIL62702
Cheap Homes for Rent in Lincoln, IL from $500 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Lincoln.
759 E Lawrence St
DecaturIL62521
1719 W Olive St
DecaturIL62526
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
405 N State St
LincolnIL62656
609 Denver St, Unit B
609 Denver St
LincolnIL62656
1011 N 12th St
SpringfieldIL62702
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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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 | $1,276 | $825 | $2,000 |
| Lincoln 3 Bedroom Homes for Rent | $1,294 | $530 | $2,250 |
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 |
| Washington Senior Apartments | Studio | Studio,1BA | $546 |
Best Value Apartments for Rent in Lincoln, IL and Nearby
As of July 26, 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 Bed / 1 Bath | 2BR,1BA | $0.91 |
| The Grove at Main | 2 Bed / 1 Bath 1906L Tracy | 2BR,1BA | $1.09 |
| Currency Commons Apartments | 2B1B | 2BR,1BA | $1.00 |
| Oakwood Estates | Two Bedroom One Bath | 2BR,1BA | $0.87 |
| Lincoln Senior Flats | 2 Bed 1 Bath | 2BR,1BA | $0.97 |
| Lake Shore Apartments | Apt 20 | 2BR,1BA | $1.06 |
| 2474 N Florian | 10 | 2BR,1.5BA | $1.13 |
| The Quarry Apartments | Sandstone | 2BR,1BA | $0.99 |
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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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.
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Frequently Asked Questions about Lincoln
What type of rentals are currently available in Lincoln?
There are currently 63 Apartments for Rent in Lincoln, IL with pricing that ranges from $400 to $5,821. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lincoln ranging from $530 to $2,250.
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 $530 to $2,250 with an average monthly rent of $1,105.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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.