Cheap Apartments for Rent in the Downtown Neighborhood of Lincoln, NE from $400 (74 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

close
View Me
Capitol View Apartments
Studio to 2 Bedroom Apartments

Capitol View Apartments

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

1531 D Street

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

640 S 17th St

640 S 17th StLincoln, NE 68508
  • Utilities Included
close
View Me
1145 S 11th St
Studio to 1 Bedroom Apartments

1145 S 11th St

1145 S 11th StLincoln, NE 68502

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.

close
View Me
680 S 20th St
2 Bedroom Apartments

680 S 20th St

680 S 20th StLincoln, NE 68510
  • Utilities Included
close
View Me
1612 F Street
Studio to 2 Bedroom Apartments

1612 F Street

1612 F StLincoln, NE 68508
  • Utilities Included
close
View Me
1431 D St
Studio to 1 Bedroom Apartments

1431 D St

1431 D StLincoln, NE 68502
close
View Me
Capital Vista
1 Bedroom Apartments

Capital Vista

1421 G StLincoln, NE 68508
  • Utilities Included
close
View Me
Palisade
1 Bedroom Apartments

Palisade

1035 S 17th StLincoln, NE 68508
  • Utilities Included
close
View Me
1315 F St
1 Bedroom Apartments

1315 F St

1315 F StLincoln, NE 68508
close
View Me
1111 E St
1 Bedroom Apartments

1111 E St

1111 E StLincoln, NE 68508

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.

property at 1111 E St

$650

Studio To 1 Bedroom Rentals

Available Now

1111 E St

LincolnNE68508
close
View Me
1212 D St
1 Bedroom Apartments

1212 D St

1212 D StLincoln, NE 68502
  • Smoke Free
close
View Me
1730 G St
1 to 2 Bedroom Apartments

1730 G St

1730 G StLincoln, NE 68508
close
View Me
1833 G St
1 Bedroom Apartments

1833 G St

1833 G StLincoln, NE 68508
Corporate Housing
  • Utilities Included
close
View Me
700 S 17
2 Bedroom Apartments

700 S 17

700 S 17th StLincoln, NE 68508
close
View Me
1207 B
1 Bedroom Apartments

1207 B

1207 B StLincoln, NE 68502
close
View Me
1414 C St
Studio to 1 Bedroom Apartments

1414 C St

1414 C StLincoln, NE 68502

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.

close
View Me
2030 J Street
1 Bedroom Apartments

2030 J Street

2030 J StLincoln, NE 68510
  • Utilities Included
close
View Me
1421 P Street
Studio to 2 Bedroom Apartments

1421 P Street

1421 P StLincoln, NE 68508
  • Utilities Included
  • Smoke Free
close
View Me
2000 J St
1 to 2 Bedroom Apartments

2000 J St

2000 J StLincoln, NE 68510
  • Utilities Included
close
View Me
Aerie 147 Lofts
Studio to 1 Bedroom Apartments

Aerie 147 Lofts

228 N 12th StLincoln, NE 68508
close
View Me
1820 F St
1 Bedroom Apartments

1820 F St

1820 F StLincoln, NE 68508
close
View Me
1616 E St
Studio to 1 Bedroom Apartments

1616 E St

1616 E StLincoln, NE 68508

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

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 ListingModel NameBed/BathPriced From
Capitol View Tower Apartments - Seniors 62+1 Bed, 1 bath1BR,1BA$250
1431 D St1 Beds, 1 Baths1BR,1BA$595
Duluth Apartments1 Beds, 1 Baths1BR,1BA$600
640 S 12th - 12H Apartments0BR/1.0BAStudio,1BA$650
648 S 12th - 12H Apartments0BR/1.0BAStudio,1BA$650
1315 F St1 Beds, 1 Baths1BR,1BA$650
1730 G St1 Beds, 1 Baths1BR,1BA$675
LivRedD2 - 4x44BR,4BA$685
1414 C St0 Beds, 1 BathsStudio,1BA$695
1820 F St1 Beds, 1 Baths1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
LivRedD2 - 4x44BR,4BA$0.55
The Parkhaus - Leasing By BedroomSoze4BR,2BA$0.60
1422 A St2 Bed2BR,1BA$1.02
1515 S 11th St2 Beds, 1 Baths2BR,1BA$1.09
660 S 20th St2 Beds, 1 Baths2BR,1BA$1.16
1820 F St1 Beds, 1 Baths1BR,1BA$1.18
1431 D St1 Beds, 1 Baths1BR,1BA$0.98
Duluth Apartments1 Beds, 1 Baths1BR,1BA$1.02
1315 F St1 Beds, 1 Baths1BR,1BA$1.11
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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown, Lincoln, NE

Ranked #50

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.