Cheap Apartments for Rent in the Downtown Neighborhood of Lincoln, NE from $400 (80 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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943 Garfield St, Unit 6
$650
Total Monthly Price

Total Monthly Price

Base Rent
$650

Total Monthly Price
$650
2 Bedroom Apartment Available Now

943 Garfield St, Unit 6

943 Garfield StLincoln, NE 68502
Affordability
  • Smoke Free
property at 1701 D St

$699

Studio Rentals

Available Now

1701 D St

LincolnNE68502

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 1626 B St

$899

2 Bedroom Rentals

Available Now

1626 B St

LincolnNE68502
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Capitol View Apartments
Studio to 2 Bedroom Apartments

Capitol View Apartments

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

1531 D Street

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

640 S 17th St

640 S 17th StLincoln, NE 68508
  • Utilities Included

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.

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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
  • Utilities Included
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1609 D Street
Studio Apartments

1609 D Street

1609 D StLincoln, NE 68502
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1431 D St
Studio to 1 Bedroom Apartments

1431 D St

1431 D StLincoln, NE 68502
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1612 F Street
Studio to 2 Bedroom Apartments

1612 F Street

1612 F StLincoln, NE 68508
  • Utilities Included
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1724 D St
1 Bedroom Apartments

1724 D St

1724 D StLincoln, NE 68502
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1123 F St
1 to 2 Bedroom Apartments

1123 F St

1123 F StLincoln, NE 68508
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Capital Vista
1 Bedroom Apartments

Capital Vista

1421 G StLincoln, NE 68508
  • Utilities Included
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1739 G St.
1 Bedroom Apartments

1739 G St.

1739 G StLincoln, NE 68508

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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1420 E St
Studio to 1 Bedroom Apartments

1420 E St

1420 E StLincoln, NE 68508
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1111 E St
1 Bedroom Apartments

1111 E St

1111 E StLincoln, NE 68508
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1414 C St
Studio to 1 Bedroom Apartments

1414 C St

1414 C StLincoln, NE 68502
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1315 F St
1 Bedroom Apartments

1315 F St

1315 F StLincoln, NE 68508
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Palisade
1 Bedroom Apartments

Palisade

1035 S 17th StLincoln, NE 68508
  • Utilities Included
property at 1315 F St

$650 - $850

1 To 2 Bedroom Rentals

Available Now

1315 F St

LincolnNE68508
property at 1111 E St

$650

Studio To 1 Bedroom Rentals

Available Now

1111 E Street

1111 E St
LincolnNE68508
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928 E St
Studio to 1 Bedroom Apartments

928 E St

928 E StLincoln, NE 68508

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.

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1129 E St
1 Bedroom Apartments

1129 E St

1129 E StLincoln, NE 68508
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1212 D St
1 Bedroom Apartments

1212 D St

1212 D StLincoln, NE 68502
  • Smoke Free
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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
  • Utilities Included
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1207 B
1 Bedroom Apartments

1207 B

1207 B StLincoln, NE 68502
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1730 G St
1 to 2 Bedroom Apartments

1730 G St

1730 G StLincoln, NE 68508
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1955 G Street
1 Bedroom Apartments

1955 G Street

1955 G StLincoln, NE 68510
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2030 J Street
1 Bedroom Apartments

2030 J Street

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

1421 P Street

1421 P StLincoln, NE 68508
  • Utilities Included
  • Smoke Free

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.

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. 1724 D St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $599. 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
1724 D St1 Beds, 1 Baths1BR,1BA$599
1123 F St1 Beds, 1 Baths1BR,1BA$599
1739 G St.1739 G Studio1BR,1BA$625
Century HouseSmall StudioStudio,1BA$650
1420 E St1BR/1.0BA1BR,1BA$650
1414 C St0 Beds, 1 BathsStudio,1BA$650
1315 F St1 Beds, 1 Baths1BR,1BA$650
928 E St0BR/1.0BAStudio,1BA$655

Best Value Apartments for Rent in Downtown, NE

As of August 20, 2026 the best value apartment in the Downtown area is the $0.60 price per square foot D1 - 4x4 Model at LivRed in the in the Haymarket neighborhood starting from $775. 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.
LivRedD1 - 4x44BR,4BA$0.60
The Parkhaus - Leasing By BedroomSoze4BR,2BA$0.60
1207 D St, Unit #21207 D St2BR,1BA$0.92
1027 A St2 Beds, 1 Baths2BR,1BA$1.08
1123 F St2 Beds, 1 Baths2BR,1BA$0.93
1955 G Street1BR/1.0BA1BR,1BA$0.93
660 S 20th St2 Beds, 1 Baths2BR,1BA$1.12
1315 F St1 Beds, 1 Baths1BR,1BA$1.11
Capitol View Tower Apartments - Seniors 62+1 Bed, 1 bath1BR,1BA$0.43
943 Garfield St, Unit 6943 Garfield St2BR,1BA$1.13

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.

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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.

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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 #50

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Apartments

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 $1,290.

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 20 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 $510 which is $780 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 Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.