
Cheap Homes for Rent in Downtown Lincoln Neighborhood of Lincoln, NE from $500 (27 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lincoln area of Lincoln.


1411 D St

1431 D St

805 S 11th St

2500 P St

1414 C St
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.

1640 Washington St

2501 N Street-208

1820 F St

1645 E Street

877 N 26

877 N 26th 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.

130 N 27th St

2601 Vine St

926 A

2325 S St

1810 E St, Unit 301

1810 E St, Unit 309
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.

738 N 25th St

2515 W Street

1444 S 20th St

539 N 24th St

2735 Alpha St, Unit 2

2701 P 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.

930 F St

1223 N 9th St

116 W Dawes Ave
Downtown Lincoln, Lincoln, NE Local Guide

How much does it cost to rent a home in Downtown Lincoln?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lincoln 2 Bedroom Homes for Rent | $1,113 | $895 | $1,660 |
| Downtown Lincoln 3 Bedroom Homes for Rent | $1,557 | $1,150 | $1,899 |
| Downtown Lincoln 4 Bedroom Homes for Rent | $1,881 | $1,750 | $2,095 |
| Downtown Lincoln 7 Bedroom Homes for Rent | $2,600 | $2,600 | $2,600 |
Browse Homes for Rent in this Neighborhood
There are currently 27 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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Capitol View Tower Apartments - Seniors 62+ | 1 Bed, 1 bath | 1BR,1BA | $250 |
| Duluth Apartments | 1 Beds, 1 Baths | 1BR,1BA | $600 |
| Latitude Lincoln | 4BR/3BA - C Terrace | 4BR,3BA | $680 |
| LivRed | D2 - 4x4 | 4BR,4BA | $685 |
| Century House | Small Remodeled Medium 2nd | Studio,1BA | $745 |
| Union at Antelope Valley | 1BD A 60% | 1BR,1BA | $949 |
| the STACK | the STACK - 3f | Studio,1BA | $950 |
| Parkview Apartments | 2 Bed, 2 Bath | 2BR,2BA | $999 |
| Antelope Tower | A-1 | Studio,1BA | $1,080 |
| Arena Lofts | Studio 1 Bath | Studio,1BA | $1,185 |
Best Value Apartments for Rent in Downtown Lincoln, NE
As of May 25, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 430 N 25th St | 430 N 25th St | 3BR,2BA | $1.08 |
| The Quarters Lincoln | D2 - 4x2 | 4BR,2BA | $0.46 |
| The Parkhaus - Leasing By Bedroom | Soze | 4BR,2BA | $0.60 |
| LivRed | B2 - 2x2 | 2BR,2BA | $1.12 |
| Parkview Apartments | 2 Bed, 2 Bath | 2BR,2BA | $1.33 |
| Union at Antelope Valley | 1BD C 60% | 1BR,1BA | $1.47 |
| Academy Lincoln | B1 | 2BR,2BA | $1.37 |
| The 50/50 | B | 2BR,1BA | $1.20 |
| Duluth Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1.02 |
| Capitol View Tower Apartments - Seniors 62+ | 1 Bed, 1 bath | 1BR,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.
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 LifestyleDowntown Lincoln, Lincoln, NE
Ranked #41
Among cities in Nebraska for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Downtown Lincoln
What type of rentals are currently available in Downtown Lincoln?
There are currently 553 Apartments for Rent in Downtown Lincoln, NE with pricing that ranges from $250 to $4,495. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lincoln ranging from $595 to $2,600.
What is the current price range for Rental Homes in Downtown Lincoln?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Lincoln ranges from $595 to $2,600 with an average monthly rent of $1,458.
How much are larger Three and Four Bedroom Rentals in Downtown Lincoln?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Lincoln range from $690 to $4,495, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $1,899. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $505.
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

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.

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.

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.

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.