Cheap Apartments for Rent in the Colonial Hills Neighborhood of Lincoln, NE from $500 (25 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Colonial Hills area of Lincoln.

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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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

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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4831 South Street
Studio to 2 Bedroom Apartments

4831 South Street

2104 S 48th StLincoln, NE 68506
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Chatelaine Residences
1 to 3 Bedroom Apartments

Chatelaine Residences

6201 Normal BlvdLincoln, NE 68506
Senior Living
  • Utilities Included

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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Showing Results 1-25, Page 1 of 1

Colonial Hills, Lincoln, NE Local Guide

Cheapest Available Colonial Hills Apartments for Rent

 

The cheapest available apartment rental in the Colonial Hills area of Lincoln, NE is a 1 Bed unit found at Williamsburg Apartments priced from $865. Somerset has the second lowest priced unit, which is a 1 Bed apartment currently listed from $885. Here are the most affordable Colonial Hills apartments for rent in Lincoln, NE:

Apartment ListingModel NameBed/BathPriced From
Williamsburg ApartmentsSerenity 3400 1-Bed1BR,1BA$865
Somerset1 Bedroom, 1 Bathroom - 750 SF1BR,1BA$885
Lenox Village ApartmentsA1BR,1BA$970
4831 South Street2BR/1.0BA2BR,1BA$999
56th Street Lofts &2 BR/1 BA2BR,1BA$1,000

Best Value Apartments for Rent in Colonial Hills, NE

As of April 12, 2026 the best value apartment in the Colonial Hills area is the $1.50 price per square foot Two Bedroom Townhome Model at Summit Falls Apartments & Townhomes in the in the Family Acres neighborhood starting from $1,799. The second greatest value Colonial Hills apartment is the Park41 - 2 bd/2 ba Model at Park41 Apartments starting at $1,215 with a $1.23 price per square foot in the Taylor Park neighborhood. Here is today’s list of the best values for Colonial Hills apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Summit Falls Apartments & TownhomesTwo Bedroom Townhome2BR,2BA$1.50
Park41 ApartmentsPark41 - 2 bd/2 ba2BR,2BA$1.23
Somerset2 Bedroom, 2 Bathroom - 950 SF2BR,2BA$1.36
Williamsburg Park ApartmentsRoanoke River1BR,1BA$1.32
4831 South Street2BR/1.0BA2BR,1BA$1.10
56th Street Lofts &1 BR/1 BA1BR,1BA$1.32
Kensington Park6231 Attached Garage1BR,1.5BA$1.27
Williamsburg ApartmentsNEW! Serenity 1-Bed1BR,1BA$1.55
Rockledge Oaks ApartmentsA1BR,1BA$1.56
Lenox Village ApartmentsA1BR,1BA$1.56

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Pet Friendly Lifestyle
Colonial Hills, Lincoln, NE

Ranked #16

Among cities in Nebraska for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Colonial Hills, Lincoln, NE

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers compiles millions of data points to bring you Lifestyle Ratings of rentals in cities across the United States, including Lincoln. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Colonial Hills Apartments

What is the Cheapest Studio apartment in Colonial Hills?

Currently the most affordable Cheap Studio Apartment in Colonial Hills is at Ashbrook by Broadmoor listed at $1,015.

How much is rent for a Cheap One Bedroom Colonial Hills Apartment?

The lowest price for a Cheap One Bedroom Colonial Hills Apartment is $865 at Williamsburg Apartments.

What is the lowest price for a Cheap Two Bedroom Colonial Hills Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Colonial Hills is starting from $915 at Williamsburg Apartments.

What is the most affordable Colonial Hills Three Bedroom Apartment?

The best deal on a cheap Colonial Hills Three Bedroom Apartment rental is at Kensington Park and starts from $1,500.

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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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.