
Cheap Apartments for Rent in the Downtown Lincoln Neighborhood of Lincoln, NE from $400 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Lincoln area of Lincoln.


1220 S 20th St

Century House

1640 E St

1646 E St
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.

232-234 D St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Downtown Lincoln, Lincoln, NE Local Guide

How much does it cost to rent an apartment in Downtown Lincoln?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Lincoln Studio Apartments | $1,033 | $685 | $1,599 |
Downtown Lincoln 1 Bedroom Apartments | $1,172 | $250 | $1,716 |
Downtown Lincoln 2 Bedroom Apartments | $1,499 | $764 | $3,495 |
Downtown Lincoln 3 Bedroom Apartments | $1,699 | $644 | $3,699 |
Downtown Lincoln 4 Bedroom Apartments | $905 | $555 | $2,900 |
Browse Apartments in this Neighborhood
There are currently 43 rentals with your search options within a 2 mile radius of the Downtown Lincoln Neighborhood of Lincoln, NE.
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Downtown Lincoln, Lincoln, NE Local Guide
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Cheapest Available Downtown Lincoln Apartments for Rent
 The cheapest available apartment rental in the Downtown Lincoln area of Lincoln, NE is a 1 Bed unit found at Capitol View Tower Apartments - Seniors 62+ priced from $250. Latitude Lincoln has the second lowest priced unit, which is a 4 Beds apartment currently listed from $555. Here are the most affordable Downtown Lincoln apartments for rent in Lincoln, NE:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Capitol View Tower Apartments - Seniors 62+ | 1 Bed, 1 bath | 1BR,1BA | $250 |
Latitude Lincoln | 4BR/3BA - C Terrace | 4BR,3BA | $555 |
Century House | large Studio | Studio,1BA | $695 |
The Grand Manse | Aerie Studio | Studio,1BA | $700 |
1522 D St | 1 bedroom unit | 1BR,1BA | $825 |
the STACK | the STACK - 2g | Studio,1BA | $925 |
Union at Antelope Valley | 1BD B 60% HA | 1BR,1BA | $929 |
Canopy Park | Suite 0.2 | Studio,1BA | $950 |
Antelope Tower | A | Studio,1BA | $1,055 |
Arena Lofts | Studio 1 Bath | Studio,1BA | $1,175 |
Best Value Apartments for Rent in Downtown Lincoln, NE
As of June 21, 2025 the best value apartment in the Downtown Lincoln area is the $0.61 price per square foot 2 Bed/2 Bath Model at WC Shinn Lofts in the in the Haymarket neighborhood starting from $1,280. The second greatest value Downtown Lincoln apartment is the Onyx Model at 2twenty2 starting at $2,127 with a $1.64 price per square foot in the Haymarket neighborhood. Here is today’s list of the best values for Downtown Lincoln apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
WC Shinn Lofts | 2 Bed/2 Bath | 2BR,2BA | $0.61 |
2twenty2 | Onyx | 2BR,2BA | $1.64 |
Academy Lincoln | B3 Townhome | 2BR,2.5BA | $0.75 |
Stadium Walk Apartments | 2.2a | 2BR,2BA | $0.52 |
The Parkhaus - Leasing By Bedroom | Soze | 4BR,2BA | $0.60 |
Arena Lofts | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.57 |
Union at Antelope Valley | 1BD A 60% | 1BR,1BA | $1.38 |
Willys Knight Lofts | One Bedroom | 1BR,1BA | $1.82 |
1522 D St | 1 bedroom unit | 1BR,1BA | $1.31 |
Capitol View Tower Apartments - Seniors 62+ | 1 Bed, 1 bath | 1BR,1BA | $0.43 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown Lincoln, Lincoln, NE
Ranked #46
Among neighborhoods in Lincoln, NE for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Downtown Lincoln Apartments
What is a cheap apartment in Downtown Lincoln?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Lincoln is under $1,175.
What is the price of a cheap apartment in Downtown Lincoln?
The cheapest apartment in Downtown Lincoln is Capitol View Tower Apartments - Seniors 62+ which is listed at $250, while the average apartment in Downtown Lincoln costs $4,000.
What types of apartments are the cheapest in Downtown Lincoln?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 60 regular apartments in Downtown Lincoln that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Lincoln?
Cheap apartments in Downtown Lincoln have an average cost of $592 which is $3,408 cheaper than the average rent for all rentals in Downtown Lincoln.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.