Cheap Apartments for Rent in the Downtown Neighborhood of Lincoln, NE from $400 (43 Rentals)

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

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Capitol View Apartments
Studio to 2 Bedroom Apartments

Capitol View Apartments

620 Capitol AveLincoln, NE 68510
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640 S 17th St
1 Bedroom Apartments

640 S 17th St

640 S 17th StLincoln, NE 68508
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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
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1612 F Street
Studio to 2 Bedroom Apartments

1612 F Street

1612 F StLincoln, NE 68508
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Capital Vista
1 Bedroom Apartments

Capital Vista

1421 G StLincoln, NE 68508
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Palisade
1 Bedroom Apartments

Palisade

1035 S 17th StLincoln, NE 68508
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1212 D St
1 Bedroom Apartments

1212 D St

1212 D StLincoln, NE 68502
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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
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2030 J Street
1 Bedroom Apartments

2030 J Street

2030 J StLincoln, NE 68510
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1421 P Street
Studio to 2 Bedroom Apartments

1421 P Street

1421 P StLincoln, NE 68508
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2000 J St
1 to 2 Bedroom Apartments

2000 J St

2000 J StLincoln, NE 68510
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601 So. 18th St.
1 to 2 Bedroom Apartments

601 So. 18th St.

1801 J StLincoln, NE 68508
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830 S 10th St
1 Bedroom Apartments

830 S 10th St

830 S 10th StLincoln, NE 68508
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1027 H St
1 Bedroom Apartments

1027 H St

1027 H StLincoln, NE 68508
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1315 D St
2 Bedroom Apartments

1315 D St

1315 D StLincoln, NE 68502
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1522 D St
1 Bedroom Apartments

1522 D St

1522 D StLincoln, NE 68502
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2020 J St
1 to 2 Bedroom Apartments

2020 J St

2020 J StLincoln, NE 68510
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1422 A St
2 Bedroom Apartments

1422 A St

1422 A StLincoln, NE 68502
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1432 B St
2 Bedroom Apartments

1432 B St

1432 B StLincoln, NE 68502
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the STACK
Studio to 2 Bedroom Apartments

the STACK

1222 P StLincoln, NE 68508
  • Utilities Included

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. LivRed has the second lowest priced unit, which is a 4 Beds apartment currently listed from $660. 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
LivRedD2 - 4x44BR,4BA$660
Latitude Lincoln4BR/3BA - C Terrace4BR,3BA$669
Century HouseSmall Medium 2ndStudio,1BA$745
The Grand ManseAerie StudioStudio,1BA$800
Duluth Apartments2 Beds, 1 Baths2BR,1BA$850
Union at Antelope Valley1BD C 60%1BR,1BA$999
Sky Park - Newly RenovatedApolloStudio,1BA$1,095
the STACKthe STACK - 4c1BR,1BA$1,200

Best Value Apartments for Rent in Downtown, NE

As of November 12, 2025 the best value apartment in the Downtown area is the $1.17 price per square foot 1836 H St Model at 1836 H St, Unit 2 in the in the Haymarket neighborhood starting from $1,400. 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.
1836 H St, Unit 21836 H St3BR,1BA$1.17
The Parkhaus - Leasing By BedroomSoze4BR,2BA$0.60
WC Shinn Lofts2 Bed/1 Bath2BR,1BA$1.48
LivRedB1 - 2x22BR,2BA$1.18
Duluth Apartments2 Beds, 1 Baths2BR,1BA$1.13
1709 B St, Unit 21709 B St1BR,1BA$1.48
the STACKthe STACK - 5b1BR,1BA$1.86
Union at Antelope Valley1BD A 60%1BR,1BA$1.48
Academy LincolnB12BR,2BA$1.37
Capitol View Tower Apartments - Seniors 62+1 Bed, 1 bath1BR,1BA$0.43

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, NE

Ranked #46

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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 $1,200.

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 $4,000.

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 39 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 $633 which is $3,367 cheaper than the average rent for all rentals in Downtown.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.