Cheap Apartments for Rent in Lincoln, NE from $400 (186 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
property at 3228 R St

3228 R St

LincolnNE68503

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

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Lincoln, NE Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Lincoln, NE

Pricing Updated: 08/04/2025

Current apartment rentals in the Lincoln, NE area range in price from $250 to $4,000 with an overall median price of $2,435. The three Lincoln neighborhoods with the lowest median rent pricing are Everett at $800, Sunset Acres at $849, and University Place 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$897$8001
Sunset Acres$1,250$8492
University Place$1,250$8494
Sunrise Hills$1,310$66532
Near South$1,400$6259
Indian Village$1,410$62553
Salt Valley View$1,410$67539
Meadowlane$1,440$66536
Autumn Wood$1,458$755182
Bicentennial Estates$1,458$755183

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. The Grand Manse in the Haymarket neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $700. 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
The Grand ManseAerie StudioStudio,1BA$700
1421 P StreetStudio ApartmentStudio,1BA$700
Century HouseSmall Studio 2ndStudio,1BA$715
MEADOW WOODOpen living space + spacious master1BR,1BA$755
601 So. 18th St.1BR/1.0BA1BR,1BA$795
Garden Brooke Apartments2 Bed 1 Bath2BR,1BA$795
Kensington ParkStudioStudio,1BA$805
COLONIAL HEIGHTSOpen living space + spacious master1BR,1BA$815

Best Value Apartments for Rent in Lincoln, NE

As of August 04, 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
LINQ Portfolio2 bedroom unit2BR,1BA$1.03
Regency1 Bed 1 Bath with Den1BR,1BA$1.10
Salt Valley View ApartmentsTwo Bedroom 1.5 Bath2BR,1.5BA$1.04
Argosy Apartments1Bd/1BA1BR,1BA$1.03
MEADOW WOODOpen living space + spacious master1BR,1BA$1.02
1544 C St, Unit 2 Upper1544 C St1BR,1BA$1.04
2025 C St, Unit #22025 C St1BR,1BA$1.08
Capitol View Tower Apartments - Seniors 62+1 Bed, 1 bath1BR,1BA$0.43

Quick Rent Budget Calculator

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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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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 $2,435.

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 1,042 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 $406 which is $2,029 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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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.