Cheap Apartments for Rent in Lincoln, NE from $400 (210 Rentals)

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

property at 4529 Holdrege St

$645 - $1,250

Studio To 3 Bedroom Rentals

Available Feb 15

4529 Holdrege St

LincolnNE68503

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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property at 3909 N 68th St

$739 - $749

1 Bedroom Rentals

Available Now

3909 N 68th St

LincolnNE68507

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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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Lincoln, NE Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Lincoln, NE

Pricing Updated: 01/29/2026

Current apartment rentals in the Lincoln, NE area range in price from $250 to $4,000 with an overall median price of $2,294. The three Lincoln neighborhoods with the lowest median rent pricing are Everett at $649, Near South at $585, and Sunset Acres at $650. 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$6491
Near South$945$5859
Sunset Acres$960$6503
University Place$1,005$64511
Hawley$1,291$7609
South 48th Street$1,347$59912
Bishop Park$1,383$58580
East Campus$1,400$250127
Country Club$1,410$250113
40th A$1,450$250142

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 $679. 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$679
LivRedD2 - 4x44BR,4BA$685
Century HouseLarge Furnished StudioStudio,1BA$695
Garden Brooke Apartments1 Bed 1 Bath1BR,1BA$695
Colonial Courts1 Bedroom1BR,1BA$700
Arapahoe VillageOne Bedroom1BR,1BA$700
1940 Dudley Street1BR/1.0BA1BR,1BA$749
Salt Valley View ApartmentsOne Bedroom1BR,1BA$750

Best Value Apartments for Rent in Lincoln, NE

As of January 29, 2026 the best value apartment in the Lincoln area is the $0.95 price per square foot 2535 Saint Thomas Dr Model at 2535 Saint Thomas Dr, Unit 1 in the in the Country Club neighborhood starting from $2,030. The second greatest value Lincoln apartment is the 1445 C St Model at 1445 C St, Unit 1445 C Street starting at $1,200 with a $0.86 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.
2535 Saint Thomas Dr, Unit 12535 Saint Thomas Dr3BR,3BA$0.95
1445 C St, Unit 1445 C Street1445 C St2BR,2BA$0.86
LivRedD2 - 4x44BR,4BA$0.55
1736 Euclid Ave, Unit 21736 Euclid Ave3BR,1BA$0.80
The Parkhaus - Leasing By BedroomSoze4BR,2BA$0.60
335 S 26th St2 Beds, 1 Baths2BR,1BA$1.04
Cherrywood Apartments2Bd/1Ba2BR,1BA$0.97
35 East Apartments3535 Holdrege StStudio ,1BA$1.04
2839 N 50th St, Unit 22839 N 50th St1BR,1BA$0.87
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 $750.

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 $2,294.

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 1,448 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 $477 which is $1,817 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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.