Cheap Apartments for Rent in the Colonial Hills Neighborhood of Lincoln, NE from $560 (37 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Colonial Hills area of 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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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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property at 4320 S 45th St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

3 Bedroom, 1.5 Bath Home for Rent

Available Oct 1

4320 S 45th St

LincolnNE68516

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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4828 Meredeth St
2 Bedroom Apartments

4828 Meredeth St

4828 Meredeth StLincoln, NE 68506
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3831 S 46th St
2 Bedroom Apartments

3831 S 46th St

3831 S 46th 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
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2104 S 48th St
Studio to 2 Bedroom Apartments

2104 S 48th St

2104 S 48th StLincoln, NE 68506

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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Showing Results 1-37, 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. East Lake Flats has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here are the most affordable Colonial Hills apartments for rent in Lincoln, NE:

Apartment ListingModel NameBed/BathPriced From
Williamsburg ApartmentsSerenity 1-Bed1BR,1BA$865
East Lake FlatsBerkleyStudio,1BA$899
3831 S 46th St2 Beds, 1.5 Baths2BR,1BA$995
Somerset1 Bedroom, 1 Bathroom - 750 SF1BR,1BA$999
Level at Village GardensPoppyStudio,1BA$999
56th Street Lofts &2 BR/1 BA2BR,1BA$1,000
Rockledge Oaks ApartmentsA1BR,1BA$1,045
Kensington Park6300 Building2BR,2BA$1,060
Lenox Village ApartmentsB1BR,1BA$1,095
Williamsburg Park ApartmentsRoanoke River1BR,1BA$1,114

Best Value Apartments for Rent in Colonial Hills, NE

As of August 28, 2026 the best value apartment in the Colonial Hills area is the $1.22 price per square foot 5100 Attached Garage Model at Kensington Park in the in the Family Acres neighborhood starting from $1,215. 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.
Kensington Park5100 Attached Garage2BR,2BA$1.22
Park41 ApartmentsPark41 - 2 bd/2 ba2BR,2BA$1.23
3831 S 46th St2 Beds, 1.5 Baths2BR,1.5BA$1.04
Thomasbrook2 Bed, 2 Bath - B4 950 SF2BR,2BA$1.27
Williamsburg Park ApartmentsRoanoke River1BR,1BA$1.21
The Donovan Apartment HomesA4R1BR,1BA$1.39
56th Street Lofts &1 BR/1 BA1BR,1BA$1.32
Somerset1 Bedroom, 1 Bathroom - 750 SF Reno1BR,1BA$1.54
Lenox Village ApartmentsB11BR,1BA$1.54
Rockledge Oaks ApartmentsA1BR,1BA$1.53

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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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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Pet Friendly Lifestyle
Colonial Hills, Lincoln, NE

Ranked #17

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 a cheap apartment in Colonial Hills?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Colonial Hills is under $1,114.

What is the price of a cheap apartment in Colonial Hills?

The cheapest apartment in Colonial Hills is Williamsburg Apartments which is listed at $865, while the average apartment in Colonial Hills costs $1,250.

What types of apartments are the cheapest in Colonial Hills?

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 8 regular apartments in Colonial Hills 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 Colonial Hills?

Cheap apartments in Colonial Hills have an average cost of $499 which is $751 cheaper than the average rent for all rentals in Colonial Hills.

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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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.