Cheap Apartments for Rent in the Colonial Hills Neighborhood of Lincoln, NE from $500 (33 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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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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Chatelaine Residences
1 to 3 Bedroom Apartments

Chatelaine Residences

6201 Normal BlvdLincoln, NE 68506
Senior Living
  • Utilities Included
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4831 South Street
Studio to 2 Bedroom Apartments

4831 South Street

2104 S 48th StLincoln, NE 68506

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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Showing Results 1-33, 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. 56th Street Lofts & has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,000. 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
56th Street Lofts &2 BR/1 BA2BR,1BA$1,000
East Lake FlatsAspynStudio,1BA$1,045
Kensington Park6300 Building2BR,2BA$1,060
Thomasbrook1 Bed, 1 Bath - A1 620 SF1BR,1BA$1,062
Park41 ApartmentsPark41 - 1 bd/1ba Remodeled1BR,1BA$1,065
Somerset1 Bedroom, 1 Bathroom - 750 SF1BR,1BA$1,105
Rockledge Oaks ApartmentsA1BR,1BA$1,105
Summit Falls Apartments & TownhomesOne Bedroom1BR,1BA$1,130
Williamsburg Park ApartmentsRoanoke River1BR,1BA$1,214

Best Value Apartments for Rent in Colonial Hills, NE

As of May 30, 2026 the best value apartment in the Colonial Hills area is the $1.29 price per square foot Portofino Model at Holmes Lake by Broadmoor in the in the Eastridge neighborhood starting from $1,850. The second greatest value Colonial Hills apartment is the Tuscany Model at Ridge Pointe Villas starting at $1,893 with a $1.57 price per square foot in the Salt Valley View 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.
Holmes Lake by BroadmoorPortofino2BR,2BA$1.29
Ridge Pointe VillasTuscany2BR,2BA$1.57
Ashbrook by BroadmoorThe Devaney2BR,2BA$1.60
Kensington Park5100 Attached Garage2BR,2BA$1.22
Williamsburg Park ApartmentsRoanoke River1BR,1BA$1.32
56th Street Lofts &1 BR/1 BA1BR,1BA$1.32
The Donovan Apartment HomesA1R1BR,1BA$1.55
Somerset1 Bedroom, 1 Bathroom - 750 SF1BR,1BA$1.47
Park41 ApartmentsPark41 - 1 bd/1ba Remodeled1BR,1BA$1.47
Williamsburg ApartmentsNEW! Serenity 1-Bed1BR,1BA$1.55

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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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 #21

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

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 Ridge Pointe Villas and starts from $2,033.

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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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.