Cheap Apartments for Rent in Lincoln, NE from $400 (212 Rentals)

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Lincoln, NE Local Guide

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Cheapest Neighborhoods for Apartments in Lincoln, NE

Pricing Updated: 11/07/2025

Current apartment rentals in the Lincoln, NE area range in price from $250 to $4,000 with an overall median price of $2,385. The three Lincoln neighborhoods with the lowest median rent pricing are Everett at $800, Sunset Acres at $799, and Near South at $585. 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$800$8001
Sunset Acres$864$7992
Near South$924$58515
Hawley$955$7159
University Place$1,012$7995
40th A$1,398$250130
East Campus$1,398$250111
Witherbee$1,398$250134
Highlands$1,470$843140
North Lincoln$1,530$665246

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. LINQ Portfolio in the Eastridge neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. 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
LINQ PortfolioLINQ West Lincoln (Saunders) 2 Bedroom1BR,1BA$595
LivRedD2 - 4x44BR,4BA$650
Latitude Lincoln4BR/3BA - C Terrace4BR,3BA$669
Arapahoe VillageOne Bedroom1BR,1BA$685
Century HouseLarge Furnished StudioStudio,1BA$695
Salt Valley View ApartmentsOne Bedroom1BR,1BA$730
1940 Dudley Street1BR/1.0BA1BR,1BA$750
Gate Park ApartmentsGP-1BD Garden 5671BR,1BA$785
Garden Brooke Apartments2 Bed 1 Bath2BR,1BA$795

Best Value Apartments for Rent in Lincoln, NE

As of November 07, 2025 the best value apartment in the Lincoln area is the $0.60 price per square foot Soze Model at The Parkhaus - Leasing By Bedroom in the in the Haymarket neighborhood starting from $650. The second greatest value Lincoln apartment is the 2 Bed 2.0 Bath Model at Appleton starting at $1,100 with a $1.04 price per square foot in the Taylor Park 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.
The Parkhaus - Leasing By BedroomSoze4BR,2BA$0.60
Appleton2 Bed 2.0 Bath2BR,2BA$1.04
Cherrywood Apartments2Bd/1Ba2BR,1BA$0.97
56th Street Lofts &2 BR/1 BA2BR,1BA$1.07
Cheever Apartments1 Beds, 1 Baths1BR,1BA$1.12
LINQ PortfolioLINQ Downtown (T Street) 2 Bedroom2BR,1BA$1.01
Garden Brooke Apartments2 Bed 1 Bath2BR,1BA$1.11
Salt Valley View ApartmentsOne Bedroom1BR,1BA$1.12
Arapahoe VillageOne Bedroom1BR,1BA$1.07
Capitol View Tower Apartments - Seniors 62+1 Bed, 1 bath1BR,1BA$0.43

Quick Rent Budget Calculator

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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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Pet Friendly Lifestyle
Lincoln, NE

Ranked #2

Among cities in Nebraska for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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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Getting Around Lincoln, NE

Walk Score®

54 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

64 / 100

Bikeable

Some bike infrastructure

Transit Score®

26 / 100

Some Transit

A few nearby public transportation options

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 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 $795.

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 $2,385.

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 1,551 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 $461 which is $1,924 cheaper than the average rent for all rentals in Lincoln.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.