Cheap Apartments for Rent in Lincoln, NE from $400 (196 Rentals)

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

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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1017 S 16th St
$850
Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850
2 Bedroom Apartment Available Now

1017 S 16th St

1017 S 16th StLincoln, NE 68508
Affordability
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 3210 S 48th St

$895 - $1,610

1 To 3 Bedroom Rentals

Available Apr 10

3210 S 48th St

LincolnNE68506

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Lincoln, NE Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Lincoln, NE

Pricing Updated: 03/16/2026

Current apartment rentals in the Lincoln, NE area range in price from $250 to $4,495 with an overall median price of $1,805. The three Lincoln neighborhoods with the lowest median rent pricing are Sunset Acres at $900, University Place at $825, and Near South at $525. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lincoln Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Sunset Acres$900$9001
University Place$1,045$82513
Near South$1,074$52510
Everett$1,250$5253
40th A$1,398$250123
East Campus$1,398$250104
Witherbee$1,398$250113
Hartley$1,400$250129
University Haymarket Park$1,400$250170
Antelope Park$1,450$250136

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. Century House in the Haymarket neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $650. 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
Century HouseSmall StudioStudio,1BA$650
LivRedD2 - 4x44BR,4BA$685
Latitude Lincoln4BR/3BA - C Terrace4BR,3BA$695
Garden Brooke Apartments1 Bed 1 Bath1BR,1BA$695
Arapahoe VillageOne Bedroom1BR,1BA$700
Colonial Courts1 Bedroom1BR,1BA$700
Salt Valley View ApartmentsOne Bedroom1BR,1BA$750
601 So. 18th St.1 Bedroom1BR,1BA$795
LINQ Portfolio1429 N 341BR,1BA$825

Best Value Apartments for Rent in Lincoln, NE

As of March 16, 2026 the best value apartment in the Lincoln area is the $0.90 price per square foot 3 Bed 2 Bath Loft Model at Stony Ridge Apartments in the in the Havelock neighborhood starting from $1,195. The second greatest value Lincoln apartment is the D2 - 4x4 Model at LivRed starting at $685 with a $0.55 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.
Stony Ridge Apartments3 Bed 2 Bath Loft3BR,2BA$0.90
LivRedD2 - 4x44BR,4BA$0.55
2121 Euclid Ave, Unit #21212121 Euclid Ave2BR,1BA$0.86
The Parkhaus - Leasing By BedroomSoze4BR,2BA$0.60
Marshall Apartments2 Bedroom, 1 Bathroom - 1032 SF2BR,1BA$1.06
Cherrywood Apartments2Bd/1Ba2BR,1BA$0.97
35 East Apartments3535 Holdrege StStudio ,1BA$1.07
Sutter Place1 Bed, 1 Bath1BR,1BA$1.06
Arapahoe VillageOne Bedroom1BR,1BA$1.09
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Quick Rent Budget Calculator

How much rent can you afford?

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.

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 $825.

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 $1,805.

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 1,189 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 $1,344 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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.