Cheap Apartments for Rent in Lincoln, NE from $450 (308 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 1701 D St
$649 - $699
Studio Rentals
Available Now
Affordability

1701 D St

LincolnNE68502
property at 749 New Hampshire St
$700 - $1,200

Total Monthly Price

Base Rent$700 - $1,200
Total Monthly Price$700 - $1,200
1 To 2 Bedroom Homes for Rent
Available Now
Furnished

749 New Hampshire St

LincolnNE68508
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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2635 N 42nd St, Unit 2
$824

Total Monthly Price

Base Rent$824
Total Monthly Price$824
2 Bedroom Apartment Available Now

2635 N 42nd St, Unit 2

2635 N 42nd StLincoln, NE 68504
Affordability
property at 2635 N 42nd St
$824
2 Bedroom Rentals
Available Now
Affordability

2635 N 42nd St

LincolnNE68504
property at 4501 Madison Ave
$829
2 Bedroom Rentals
Available Sep 16
Cost Per Sq.Ft.

4501 Madison Ave

LincolnNE68504

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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property at 1626 B St
$899
2 Bedroom Rentals
Available Now
Affordability

1626 B St

LincolnNE68502

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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Lincoln, NE Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Lincoln, NE

Pricing Updated: 09/13/2026

Current apartment rentals in the Lincoln, NE area range in price from $250 to $4,995 with an overall median price of $1,291. The three Lincoln neighborhoods with the lowest median rent pricing are Everett at $999, Downtown Lincoln at $1,025, and South 48th Street at $1,083. 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$999$8002
Downtown Lincoln$1,025$250151
South 48th Street$1,083$68013
Capitol Beach$1,085$539154
Sunset Acres$1,177$6506
North Bottoms$1,185$250217
University Haymarket Park$1,194$250211
University Place$1,199$65014
Malone$1,200$25046
Clinton$1,220$250209

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. 1724 D St in the Haymarket neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $579. 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
1724 D St1 Beds, 1 Baths1BR,1BA$579
4912 Cleveland Ave1 Beds, 1 Baths1BR,1BA$599
1123 F St1 Beds, 1 Baths1BR,1BA$599
1129 E St1 Beds, 1 Baths1BR,1BA$619
1001 S 26th St1 Beds, 1 Baths1BR,1BA$619
648 S 12th - 12H Apartments0BR/1.0BAStudio,1BA$650
1420 E St1BR/1.0BA1BR,1BA$650
301 S 181BR/1.0BA1BR,1BA$650
1730 G St1 Beds, 1 Baths1BR,1BA$650

Best Value Apartments for Rent in Lincoln, NE

As of September 13, 2026 the best value apartment in the Lincoln area is the $1.00 price per square foot 3 Beds, 2 Baths Model at 2710 N 1st St in the in the Clinton neighborhood starting from $1,595. The second greatest value Lincoln apartment is the D1 - 4x4 Model at LivRed starting at $775 with a $0.60 price per square foot in the Haymarket 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.
2710 N 1st St3 Beds, 2 Baths3BR,2BA$1.00
LivRedD1 - 4x44BR,4BA$0.60
The Quarters LincolnC - 3x33BR,3BA$0.64
The Parkhaus - Leasing By BedroomSoze4BR,2BA$0.60
901 N 25th St, Unit #1901 N 25th St2BR,1BA$1.00
1101 D2BR/1.5BA2BR,1.5BA$0.99
2501 E St1 Beds, 1 Baths1BR,1BA$0.93
1123 F St2 Beds, 1 Baths2BR,1BA$0.93
1955 G Street1BR/1.0BA1BR,1BA$0.93
Capitol View Tower Apartments - Seniors 62+1 Bed, 1 bath1BR,1BA$0.43

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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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 $650.

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 $1,291.

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 1,107 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 $500 which is $791 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.