Cheap Apartments for Rent in Lincoln, NE from $400 (208 Rentals)

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property at 519 S 18th St

519 S 18th St

LincolnNE68508
Showing Results 1-50, Page 1 of 5

Lincoln, NE Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Lincoln, NE

Pricing Updated: 09/22/2025

Current apartment rentals in the Lincoln, NE area range in price from $250 to $4,743 with an overall median price of $2,276. The three Lincoln neighborhoods with the lowest median rent pricing are Everett at $750, Pester Ridge at $995, and Sunset Acres at $849. 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$775$7502
Pester Ridge$1,245$9952
Sunset Acres$1,250$8494
University Place$1,250$8495
Greater South$1,347$7953
South 48th Street$1,347$7957
Near South$1,375$65010
40th A$1,398$250123
Country Club$1,398$250103
East Campus$1,398$250114

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. Latitude Lincoln in the Haymarket neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $555. 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
Latitude Lincoln4BR/3BA - C Terrace4BR,3BA$555
Arapahoe VillageOne Bedroom1BR,1BA$685
LivRedD2 - 4x44BR,4BA$685
Century Houselarge StudioStudio,1BA$695
MEADOW WOODOpen living space + spacious master1BR,1BA$755
Duluth Apartments1 Beds, 1 Baths1BR,1BA$765
Garden Brooke Apartments2 Bed 1 Bath2BR,1BA$795
The Grand ManseAerie StudioStudio,1BA$800
Kensington ParkStudioStudio,1BA$805

Best Value Apartments for Rent in Lincoln, NE

As of September 22, 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 Bedroom, 1 Bathroom - 1032 SF Model at Marshall Apartments starting at $1,099 with a $1.06 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.
The Parkhaus - Leasing By BedroomSoze4BR,2BA$0.60
Marshall Apartments2 Bedroom, 1 Bathroom - 1032 SF2BR,1BA$1.06
335 S 26th St2 Beds, 1 Baths2BR,1BA$1.04
The VillaBuilding A, B, and C2BR,1.5BA$1.01
Bridgeport ApartmentsLaurel2BR,2BA$1.09
Cherrywood Apartments2Bd/1Ba2BR,1BA$0.97
Salt Valley View ApartmentsTwo Bedroom 1.5 Bath2BR,1.5BA$1.04
MEADOW WOODOpen living space + spacious master1BR,1BA$1.02
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 $805.

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 $2,276.

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 1,290 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 $381 which is $1,895 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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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.

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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.