Cheap Apartments for Rent in the Downtown Lincoln Neighborhood of Lincoln, NE from $400 (88 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Lincoln area of Lincoln.

property at 1630 H St

$625 - $795

Studio To 1 Bedroom Rentals

Available Now

1630 H St

LincolnNE68508
property at 2224 A St

$750 - $1,099

1 To 2 Bedroom Rentals

Available Now

2224 A St

LincolnNE68502

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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property at 1223 N 9th St

$1,150 - $1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,150 - $1,350
Total Monthly Price
$1,150 - $1,350

1 Bedroom, 1 Bath Condo for Rent

Available Now

1223 N 9th St

LincolnNE68508
property at 116 W Dawes Ave

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

3 Bedroom, 1 Bath Home for Rent

Available Now

116 W Dawes Ave

LincolnNE68521
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Capitol View Apartments
Studio to 2 Bedroom Apartments

Capitol View Apartments

620 Capitol AveLincoln, NE 68510
  • Utilities Included
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1531 D Street
1 to 2 Bedroom Apartments

1531 D Street

1531 D StLincoln, NE 68502
  • Utilities Included
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640 S 17th St
1 Bedroom Apartments

640 S 17th St

640 S 17th StLincoln, NE 68508
  • Utilities Included

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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1145 S 11th St
Studio to 1 Bedroom Apartments

1145 S 11th St

1145 S 11th StLincoln, NE 68502
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680 S 20th St
2 Bedroom Apartments

680 S 20th St

680 S 20th StLincoln, NE 68510
  • Utilities Included
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2428 D St
2 Bedroom Apartments

2428 D St

2428 D StLincoln, NE 68502
  • Smoke Free
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1612 F Street
Studio to 2 Bedroom Apartments

1612 F Street

1612 F StLincoln, NE 68508
  • Utilities Included
property at 1411 D St

$595

1 Bedroom Rentals

Unavailable

1411 D St

LincolnNE68502
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Capital Vista
1 Bedroom Apartments

Capital Vista

1421 G StLincoln, NE 68508
  • Utilities Included

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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Palisade
1 Bedroom Apartments

Palisade

1035 S 17th StLincoln, NE 68508
  • Utilities Included
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501 N 25th St
1 to 2 Bedroom Apartments

501 N 25th St

501 N 25th StLincoln, NE 68503
  • Utilities Included
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1212 D St
1 Bedroom Apartments

1212 D St

1212 D StLincoln, NE 68502
  • Smoke Free
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700 S 17
2 Bedroom Apartments

700 S 17

700 S 17th StLincoln, NE 68508
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1833 G St
1 Bedroom Apartments

1833 G St

1833 G StLincoln, NE 68508
Corporate Housing
  • Utilities Included
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LINQ Portfolio
1 to 2 Bedroom Apartments

LINQ Portfolio

2323 T StLincoln, NE 68503

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.

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Showing Results 1-50, Page 1 of 2

Downtown Lincoln, Lincoln, NE Local Guide

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. Duluth Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here are the most affordable Downtown Lincoln apartments for rent in Lincoln, NE:

Apartment ListingModel NameBed/BathPriced From
Capitol View Tower Apartments - Seniors 62+1 Bed, 1 bath1BR,1BA$250
Duluth Apartments1 Beds, 1 Baths1BR,1BA$600
Latitude Lincoln4BR/3BA - C Terrace4BR,3BA$680
LivRedD2 - 4x44BR,4BA$685
Century HouseSmall Remodeled Studio 2ndStudio,1BA$715
Union at Antelope Valley1BD A 60%1BR,1BA$949
the STACKthe STACK - 3fStudio,1BA$950
Parkview Apartments2 Bed, 2 Bath2BR,2BA$999
Antelope TowerA-1Studio,1BA$1,080
Sky ParkPresley1BR,1BA$1,295

Best Value Apartments for Rent in Downtown Lincoln, NE

As of May 23, 2026 the best value apartment in the Downtown Lincoln area is the $1.08 price per square foot 430 N 25th St Model at 430 N 25th St in the in the Haymarket neighborhood starting from $1,500. The second greatest value Downtown Lincoln apartment is the D2 - 4x2 Model at The Quarters Lincoln starting at $505 with a $0.46 price per square foot in the Highlands neighborhood. Here is today’s list of the best values for Downtown Lincoln apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
430 N 25th St430 N 25th St3BR,2BA$1.08
The Quarters LincolnD2 - 4x24BR,2BA$0.46
The Parkhaus - Leasing By BedroomSoze4BR,2BA$0.60
LivRedB2 - 2x22BR,2BA$1.12
Parkview Apartments2 Bed, 2 Bath2BR,2BA$1.33
Union at Antelope Valley1BD C 60%1BR,1BA$1.47
Academy LincolnB12BR,2BA$1.37
The 50/50B2BR,1BA$1.20
Duluth Apartments1 Beds, 1 Baths1BR,1BA$1.02
Capitol View Tower Apartments - Seniors 62+1 Bed, 1 bath1BR,1BA$0.43

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
Downtown Lincoln, Lincoln, NE

Ranked #41

Among cities in Nebraska for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $1,295.

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 $1,448.

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 36 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 $626 which is $822 cheaper than the average rent for all rentals in Downtown Lincoln.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.