
Cheap Apartments for Rent in the Downtown Neighborhood of Lincoln, NE from $400 (74 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Lincoln.


640 S 12th - 12H Apartments

648 S 12th - 12H Apartments

1220 S 20th St

1345 B St

1701 D St

1228 E St, Unit 10

1212 E St, Unit 1

1212 E St, Unit 2

Bella Properties
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.

Century House

1626 B St

Union at Antelope Valley

Antelope Tower

1833 Washington St

Capitol View Apartments

1531 D Street

640 S 17th St

Parliament gardens Apartments

1145 S 11th 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.

680 S 20th St

1612 F Street

1431 D St

Duluth Apartments

Capital Vista

Palisade

1119 E St

1315 F St

1315 F St

1111 E St
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.

1111 E St

1212 D St

1730 G St

1833 G St

700 S 17

1207 B

1411 D St

2121 Washington St

1640 Washington St

1414 C 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.

1414 C St

2030 J Street

1421 P Street

2000 J St

1645 E Street

Aerie 147 Lofts

1820 F St

1616 E St

2002 Washington St

1400 Garfield 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.
Downtown, Lincoln, NE Local Guide

How much does it cost to rent an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $879 | $650 | $1,325 |
| Downtown 1 Bedroom Apartments | $1,213 | $250 | $1,650 |
| Downtown 2 Bedroom Apartments | $1,435 | $800 | $4,495 |
| Downtown 3 Bedroom Apartments | $1,735 | $820 | $3,899 |
| Downtown 4 Bedroom Apartments | $1,068 | $680 | $3,000 |
Browse Apartments in this Neighborhood
There are currently 74 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Lincoln, NE.
See all Apartments in LincolnExplore Lincoln
Downtown, Lincoln, NE Local Guide
- Nearby Lincoln neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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Cheapest Available Downtown Apartments for Rent
 The cheapest available apartment rental in the Downtown area of Lincoln, NE is a 1 Bed unit found at Capitol View Tower Apartments - Seniors 62+ priced from $250. 1431 D St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. Here are the most affordable Downtown 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 |
| 1431 D St | 1 Beds, 1 Baths | 1BR,1BA | $595 |
| Duluth Apartments | 1 Beds, 1 Baths | 1BR,1BA | $600 |
| 640 S 12th - 12H Apartments | 0BR/1.0BA | Studio,1BA | $650 |
| 648 S 12th - 12H Apartments | 0BR/1.0BA | Studio,1BA | $650 |
| 1315 F St | 1 Beds, 1 Baths | 1BR,1BA | $650 |
| 1730 G St | 1 Beds, 1 Baths | 1BR,1BA | $675 |
| LivRed | D2 - 4x4 | 4BR,4BA | $685 |
| 1414 C St | 0 Beds, 1 Baths | Studio,1BA | $695 |
| 1820 F St | 1 Beds, 1 Baths | 1BR,1BA | $725 |
Best Value Apartments for Rent in Downtown, NE
As of July 05, 2026 the best value apartment in the Downtown area is the $0.55 price per square foot D2 - 4x4 Model at LivRed in the in the Haymarket neighborhood starting from $685. The second greatest value Downtown apartment is the Soze Model at The Parkhaus - Leasing By Bedroom starting at $650 with a $0.60 price per square foot in the Haymarket neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| LivRed | D2 - 4x4 | 4BR,4BA | $0.55 |
| The Parkhaus - Leasing By Bedroom | Soze | 4BR,2BA | $0.60 |
| 1422 A St | 2 Bed | 2BR,1BA | $1.02 |
| 1515 S 11th St | 2 Beds, 1 Baths | 2BR,1BA | $1.09 |
| 660 S 20th St | 2 Beds, 1 Baths | 2BR,1BA | $1.16 |
| 1820 F St | 1 Beds, 1 Baths | 1BR,1BA | $1.18 |
| 1431 D St | 1 Beds, 1 Baths | 1BR,1BA | $0.98 |
| Duluth Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1.02 |
| 1315 F St | 1 Beds, 1 Baths | 1BR,1BA | $1.11 |
| 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, NE
Ranked #50
Among cities in Nebraska for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Downtown Apartments
What is a cheap apartment in Downtown?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown is under $725.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is Capitol View Tower Apartments - Seniors 62+ which is listed at $250, while the average apartment in Downtown costs $1,459.
What types of apartments are the cheapest in Downtown?
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 17 regular apartments in Downtown 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?
Cheap apartments in Downtown have an average cost of $753 which is $706 cheaper than the average rent for all rentals in Downtown.
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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.