Cheap Homes for Rent in Colonial Hills Neighborhood of Lincoln, NE from $800 (4 Rentals)

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Search the lowest-cost Homes 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.

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.

Colonial Hills, Lincoln, NE Local Guide

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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Frequently Asked Questions about Colonial Hills

What type of rentals are currently available in Colonial Hills?

There are currently 76 Apartments for Rent in Colonial Hills, NE with pricing that ranges from $795 to $2,300. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colonial Hills ranging from $875 to $2,550.

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 $875 to $2,550 with an average monthly rent of $1,733.

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.