Cheap Apartments for Rent in Lincoln, NE from $400 (183 Rentals)

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

property at 1619-1623 D St

1619-1623 D St

LincolnNE68502
Showing Results 1-50, Page 1 of 4

Lincoln, NE Local Guide

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Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Lincoln, NE

Pricing Updated: 07/04/2025

Current apartment rentals in the Lincoln, NE area range in price from $250 to $4,000 with an overall median price of $2,362. The three Lincoln neighborhoods with the lowest median rent pricing are Everett at $800, Sunset Acres at $425, and University Place at $425. 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$875$4254
University Place$1,095$42514
Pioneers Park$1,169$85015
Pester Ridge$1,245$9951
Meadowlane$1,267$42540
Havelock$1,310$42532
Salt Valley View$1,400$67534
Autumn Wood$1,449$425143
Bicentennial Estates$1,449$425146

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
Century HouseSmall Remodel StudioStudio,1BA$685
Arapahoe VillageOne Bedroom1BR,1BA$685
Colonial Courts1 Bedroom1BR,1BA$685
The Grand ManseAerie StudioStudio,1BA$700
MEADOW WOODOpen living space + spacious master1BR,1BA$755
Garden Brooke Apartments2 Bed 1 Bath2BR,1BA$795
Kensington ParkStudioStudio,1BA$805
COLONIAL HEIGHTS1 BED 1BA UA1BR,1BA$815

Best Value Apartments for Rent in Lincoln, NE

As of July 04, 2025 the best value apartment in the Lincoln area is the $1.00 price per square foot 221 N 33rd St Model at 221 N 33rd St, Unit #1 in the in the Eastridge neighborhood starting from $1,500. The second greatest value Lincoln apartment is the 2035 S 50th St Model at 2035 S 50th St, Unit C starting at $1,190 with a $0.95 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.
221 N 33rd St, Unit #1221 N 33rd St3BR,1BA$1.00
2035 S 50th St, Unit C2035 S 50th St2BR,1BA$0.95
Academy LincolnB3 Townhome2BR,2.5BA$0.75
Stadium Walk Apartments2.2a2BR,2BA$0.52
1710 Prospect St1710 Prospect St2BR,1BA$1.03
The Parkhaus - Leasing By BedroomSoze4BR,2BA$0.60
Marshall Apartments2 Bedroom, 1 Bathroom - 1032 SF2BR,1BA$0.96
Argosy Apartments1Bd/1BA1BR,1BA$1.03
MEADOW WOODOpen living space + spacious master1BR,1BA$1.02
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 $815.

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 $2,362.

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 1,478 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 $414 which is $1,948 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.