
Cheap Apartments for Rent in the Downtown Neighborhood of Lincoln, NE from $400 (55 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Lincoln.


1630 H St

Century House

2044 E St

1436-1438 D St

926 S 14th St

1630 H St, Unit A3, Unit A3

1236 C St

Bella Properties

1810 E St, Unit 301
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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.

1810 E St, Unit 309

Union at Antelope Valley

Canopy Park

2042 E St

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

Duluth Apartments

Capital Vista

1431 D St

1411 D St

805 S 11th St

Palisade

1212 D St

700 S 17
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.

1833 G St

1640 Washington St

1414 C St

2121 Washington St

2030 J Street

1421 P Street

2000 J St

Aerie 147 Lofts

1820 F St

1645 E Street
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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.

830 S 10th St

1315 D St

1027 H St

1522 D St

2020 J St

1615 South 20th Street

601 So. 18th St.

1422 A St

926 A

1432 B St
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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.
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 | $922 | $625 | $1,225 |
| Downtown 1 Bedroom Apartments | $1,246 | $250 | $1,650 |
| Downtown 2 Bedroom Apartments | $1,534 | $750 | $4,495 |
| Downtown 3 Bedroom Apartments | $1,772 | $727 | $4,495 |
| Downtown 4 Bedroom Apartments | $968 | $680 | $3,000 |
Browse Apartments in this Neighborhood
There are currently 55 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Lincoln, NE.
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Downtown, Lincoln, NE Local Guide
- Nearby Lincoln neighborhoods
- Nearby Cities
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- Local Counties
- School Districts
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. Duluth Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. 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 |
| 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 Studio 2nd | Studio,1BA | $715 |
| Union at Antelope Valley | 1BD A 60% | 1BR,1BA | $949 |
| the STACK | the STACK - 3f | Studio,1BA | $950 |
| Antelope Tower | A-1 | Studio,1BA | $1,080 |
| Arena Lofts | Studio 1 Bath | Studio,1BA | $1,140 |
| Sky Park | Presley | 1BR,1BA | $1,295 |
Best Value Apartments for Rent in Downtown, NE
As of May 21, 2026 the best value apartment in the Downtown area is the $0.60 price per square foot Soze Model at The Parkhaus - Leasing By Bedroom in the in the Haymarket neighborhood starting from $650. The second greatest value Downtown apartment is the Suite F Model at Telegraph Lofts East starting at $1,650 with a $1.74 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. |
|---|---|---|---|
| The Parkhaus - Leasing By Bedroom | Soze | 4BR,2BA | $0.60 |
| Telegraph Lofts East | Suite F | 2BR,1.75BA | $1.74 |
| LivRed | B2 - 2x2 | 2BR,2BA | $1.12 |
| Arena Lofts | Studio 1 Bath | Studio ,1BA | $1.51 |
| 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 |
| Antelope Tower | A-1 | Studio ,1BA | $1.96 |
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 #47
Among cities in Nebraska for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet 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 $1,295.
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 $1,398.
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 34 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 $694 which is $704 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

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.