Cheap Apartments for Rent in Lincoln, NE from $400 (256 Rentals)

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

property at 1630 H St

$625 - $795

Studio To 1 Bedroom Rentals

Available Now

1630 H St

LincolnNE68508

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.

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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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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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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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Lincoln, NE Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Lincoln, NE

Pricing Updated: 04/30/2026

Current apartment rentals in the Lincoln, NE area range in price from $250 to $4,495 with an overall median price of $1,695. The three Lincoln neighborhoods with the lowest median rent pricing are Everett at $800, South 48th Street at $795, and Sunset Acres at $700. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lincoln Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Everett$1,040$8002
South 48th Street$1,113$7959
Sunset Acres$1,247$7001
Hawley$1,346$7607
Irvingdale$1,365$250119
Bishop Park$1,367$69567
Near South$1,390$6954
Highlands$1,395$50596
Country Club$1,398$25096
Downtown$1,398$25073

Cheapest Available Lincoln Apartments for Rent

 

The cheapest available apartment rental in Lincoln, NE is a 1 Bed unit found at Capitol View Tower Apartments - Seniors 62+ in the Haymarket neighborhood priced from $250. Century House in the Haymarket neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here is today’s list of the most affordable Lincoln apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Capitol View Tower Apartments - Seniors 62+1 Bed, 1 bath1BR,1BA$250
Century HouseSmall StudioStudio,1BA$650
Duluth Apartments1 Beds, 1 Baths1BR,1BA$665
Latitude Lincoln4BR/3BA - C Terrace4BR,3BA$680
LivRedD2 - 4x44BR,4BA$685
Garden Brooke Apartments1 Bed 1 Bath1BR,1BA$695
Arapahoe VillageOne Bedroom1BR,1BA$700
Colonial Courts1 Bedroom1BR,1BA$700
Salt Valley View ApartmentsOne Bedroom1BR,1BA$750
LINQ Portfolio1429 N 341BR,1BA$825

Best Value Apartments for Rent in Lincoln, NE

As of April 30, 2026 the best value apartment in the Lincoln area is the $1.10 price per square foot 3 Bedroom Model at Gatehouse Rows in the in the Taylor Park neighborhood starting from $1,475. The second greatest value Lincoln apartment is the 3 Bedroom, 1 Bathroom - 1259 SF Model at Marshall Apartments starting at $1,365 with a $1.08 price per square foot in the West A 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.
Gatehouse Rows3 Bedroom3BR,2BA$1.10
Marshall Apartments3 Bedroom, 1 Bathroom - 1259 SF3BR,1BA$1.08
LivRedD2 - 4x44BR,4BA$0.55
The Quarters LincolnC - 3x33BR,3BA$0.64
The Parkhaus - Leasing By BedroomSoze4BR,2BA$0.60
Regency1 Bed 1 Bath with Den1BR,1BA$1.13
Meadowlark2BR/1.0BA2BR,1BA$1.12
Argosy Apartments1Bd/1BA1BR,1BA$1.07
Arapahoe VillageOne Bedroom1BR,1BA$1.09
Capitol View Tower Apartments - Seniors 62+1 Bed, 1 bath1BR,1BA$0.43

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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Lincoln Overview

Lincoln is a city that has a rich history and a vibrant modern cultural tradition. It makes for a great place to pursue higher education or to pursue jobs in government, manufacturing, or technology. Living in Lincoln is also very affordable compared to other metropolitan areas.

Why live in Lincoln, NE?

Lincoln caters to a diverse array of tastes. Music lovers can enjoy numerous live music venues while theater goers can enjoy touring Broadway shows and local productions. Those who love the outdoors have over 125 parks to lose themselves in while sports superfans can enjoy watching many different games at the University of Nebraska. Those seeking higher education can attend that university or one of the eight other colleges and universities in the surrounding area.

Lincoln, NE
Population: 287,401

Ranked #70

in US Census Population by City

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Best Local Schools in
Lincoln, NE

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lincoln, NE Rentals by Map

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See the most popular apartments and homes in Lincoln, NE

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Frequently Asked Questions about Cheap Lincoln Apartments

What is a cheap apartment in Lincoln?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lincoln is under $825.

What is the price of a cheap apartment in Lincoln?

The cheapest apartment in Lincoln is Capitol View Tower Apartments - Seniors 62+ which is listed at $250, while the average apartment in Lincoln costs $1,695.

What types of apartments are the cheapest in Lincoln?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1,216 regular apartments in Lincoln that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lincoln?

Cheap apartments in Lincoln have an average cost of $446 which is $1,249 cheaper than the average rent for all rentals in Lincoln.

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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.