Cheap Apartments for Rent in the Colonial Hills Neighborhood of Lincoln, NE from $500 (39 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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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

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 1-39, 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 4615 Prescott Avenue priced from $800. Williamsburg Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $865. Here are the most affordable Colonial Hills apartments for rent in Lincoln, NE:

Apartment ListingModel NameBed/BathPriced From
4615 Prescott Avenue1 Beds, 1 Baths1BR,1BA$800
Williamsburg ApartmentsSerenity 1-Bed1BR,1BA$865
Sutter Place1 Bed, 1 Bath1BR,1BA$950
3831 S 46th St2 Beds, 1.5 Baths2BR,1BA$995
56th Street Lofts &2 BR/1 BA2BR,1BA$1,000
Kensington Park6300 Building2BR,2BA$1,060
Rockledge Oaks ApartmentsA1BR,1BA$1,085
Somerset1 Bedroom, 1 Bathroom - 750 SF1BR,1BA$1,105
Highpointe by BroadmoorRainier1BR,1BA$1,125
Summit Falls Apartments & TownhomesOne Bedroom1BR,1BA$1,130

Best Value Apartments for Rent in Colonial Hills, NE

As of July 14, 2026 the best value apartment in the Colonial Hills area is the $1.52 price per square foot The Cornhusker Model at Ashbrook by Broadmoor in the in the Family Acres neighborhood starting from $1,800. The second greatest value Colonial Hills apartment is the 5100 Attached Garage Model at Kensington Park starting at $1,215 with a $1.22 price per square foot in the Family Acres 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.
Ashbrook by BroadmoorThe Cornhusker2BR,2BA$1.52
Kensington Park5100 Attached Garage2BR,2BA$1.22
Park41 ApartmentsPark41 - 2 bd/2 ba2BR,2BA$1.28
3831 S 46th St2 Beds, 1.5 Baths2BR,1.5BA$1.04
Williamsburg Park ApartmentsRoanoke River1BR,1BA$1.30
56th Street Lofts &1 BR/1 BA1BR,1BA$1.32
Sutter Place1 Bed, 1 Bath1BR,1BA$1.19
The Donovan Apartment HomesA1R1BR,1BA$1.50
Somerset1 Bedroom, 1 Bathroom - 750 SF Reno1BR,1BA$1.54
4615 Prescott Avenue1 Beds, 1 Baths1BR,1BA$1.32

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 #27

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 $800 at 4615 Prescott Avenue.

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 Williamsburg Park Apartments and starts from $1,507.

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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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.