
Cheap Homes for Rent in the Colonial Hills Neighborhood of Lincoln, NE from $900 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Colonial Hills area of Lincoln.


5830 Princess Margaret Dr
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.

4626 Eden Cir

2131 S 57th St
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.

6843 S 89th St
Colonial Hills, Lincoln, NE Local Guide

How much does it cost to rent a home in Colonial Hills?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Colonial Hills 2 Bedroom Homes for Rent | $995 | $995 | $995 |
| Colonial Hills 3 Bedroom Homes for Rent | $2,247 | $1,800 | $2,800 |
| Colonial Hills 4 Bedroom Homes for Rent | $2,168 | $1,800 | $2,990 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Colonial Hills Neighborhood of Lincoln, NE.
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Colonial Hills, Lincoln, NE Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 4615 Prescott Avenue | 1 Beds, 1 Baths | 1BR,1BA | $800 |
| Williamsburg Apartments | Serenity 1-Bed | 1BR,1BA | $865 |
| Sutter Place | 1 Bed, 1 Bath | 1BR,1BA | $950 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Ashbrook by Broadmoor | The Cornhusker | 2BR,2BA | $1.52 |
| Kensington Park | 5100 Attached Garage | 2BR,2BA | $1.22 |
| Park41 Apartments | Park41 - 2 bd/2 ba | 2BR,2BA | $1.28 |
| 3831 S 46th St | 2 Beds, 1.5 Baths | 2BR,1.5BA | $1.04 |
| Williamsburg Park Apartments | Roanoke River | 1BR,1BA | $1.30 |
| 56th Street Lofts & | 1 BR/1 BA | 1BR,1BA | $1.32 |
| Sutter Place | 1 Bed, 1 Bath | 1BR,1BA | $1.19 |
| The Donovan Apartment Homes | A1R | 1BR,1BA | $1.50 |
| Somerset | 1 Bedroom, 1 Bathroom - 750 SF Reno | 1BR,1BA | $1.54 |
| 4615 Prescott Avenue | 1 Beds, 1 Baths | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleColonial Hills, Lincoln, NE
Ranked #27
Among cities in Nebraska for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Colonial Hills, Lincoln, NE
School data provided by Great Schools
Frequently Asked Questions about Colonial Hills
What type of rentals are currently available in Colonial Hills?
There are currently 79 Apartments for Rent in Colonial Hills, NE with pricing that ranges from $795 to $2,300. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colonial Hills ranging from $995 to $2,990.
What is the current price range for Rental Homes in Colonial Hills?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Colonial Hills ranges from $995 to $2,990 with an average monthly rent of $1,803.
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

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.

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.

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.

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.