Cheap Homes for Rent in Downtown Neighborhood of Lincoln, NE from $800 (5 Rentals)

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

The Art of the Rental Viewing: What to look for during a property tour

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.

property at 1337 S 10th St

1337 S 10th St

LincolnNE68502

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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. Latitude Lincoln has the second lowest priced unit, which is a 4 Beds apartment currently listed from $618. 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
Latitude Lincoln4BR/3BA - C Terrace4BR,3BA$618
The Grand ManseAerie StudioStudio,1BA$700

Best Value Apartments for Rent in Downtown, NE

As of May 30, 2025 the best value apartment in the Downtown area is the $0.61 price per square foot 2 Bed/2 Bath Model at WC Shinn Lofts in the in the Haymarket neighborhood starting from $1,280. The second greatest value Downtown apartment is the B3 Townhome Model at Academy Lincoln starting at $925 with a $0.75 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.
WC Shinn Lofts2 Bed/2 Bath2BR,2BA$0.61
Academy LincolnB3 Townhome2BR,2.5BA$0.75
1626 Prospect St, Unit 11626 Prospect St3BR,1.5BA$1.14
Lakeside Village Apartment HomesB3R2BR,2BA$1.22
1710 Prospect St1710 Prospect St2BR,1BA$1.05
The Parkhaus - Leasing By BedroomSoze4BR,2BA$0.60
Union at Middle Creek1BD1BR,1BA$1.34
1522 D St1 bedroom unit1BR,1BA$1.31
Duluth Apartments1 Beds, 1 Baths1BR,1BA$1.27
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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Frequently Asked Questions about Downtown

What type of rentals are currently available in Downtown?

There are currently 451 Apartments for Rent in Downtown, NE with pricing that ranges from $250 to $4,000. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $800 to $1,899.

What is the current price range for Rental Homes in Downtown?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $800 to $1,899 with an average monthly rent of $1,278.

How much are larger Three and Four Bedroom Rentals in Downtown?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown range from $682 to $3,699, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $1,899. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $618.

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.