
Cheap Homes for Rent in the Colonial Hills Neighborhood of Lincoln, NE from $995 (3 Rentals)
Search the lowest-cost Homes 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.

3831 S 46th St
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.

4320 S 45th 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 | $2,161 | $1,600 | $2,500 |
| Colonial Hills 4 Bedroom Homes for Rent | $1,899 | $1,800 | $1,999 |
| Colonial Hills 5 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
Browse Homes for Rent in this Neighborhood
There are currently 3 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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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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Kensington Park | 5100 Attached Garage | 2BR,2BA | $1.22 |
| Park41 Apartments | Park41 - 2 bd/2 ba | 2BR,2BA | $1.23 |
| 3831 S 46th St | 2 Beds, 1.5 Baths | 2BR,1.5BA | $1.04 |
| Thomasbrook | 2 Bed, 2 Bath - B4 950 SF | 2BR,2BA | $1.27 |
| Williamsburg Park Apartments | Roanoke River | 1BR,1BA | $1.21 |
| The Donovan Apartment Homes | A4R | 1BR,1BA | $1.39 |
| 56th Street Lofts & | 1 BR/1 BA | 1BR,1BA | $1.32 |
| Somerset | 1 Bedroom, 1 Bathroom - 750 SF Reno | 1BR,1BA | $1.54 |
| Lenox Village Apartments | B1 | 1BR,1BA | $1.54 |
| Rockledge Oaks Apartments | A | 1BR,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.
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 #17
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 80 Apartments for Rent in Colonial Hills, NE with pricing that ranges from $795 to $2,635. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colonial Hills ranging from $995 to $2,500.
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 $2,500 with an average monthly rent of $1,982.
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

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.

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.

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.

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.