Cheap Apartments for Rent in the Far South Neighborhood of Lincoln, NE from $400 (15 Rentals)

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

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.

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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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1701 Burnham St
2 Bedroom Apartments

1701 Burnham St

1701 Burnham StLincoln, NE 68502
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Ruskin Place
1 to 3 Bedroom Apartments

Ruskin Place

1001 Norwood DrLincoln, NE 68512
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Villa Tierra
1 to 2 Bedroom Apartments

Villa Tierra

5010 Emerald DrLincoln, NE 68516
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Cheapest Available Far South Apartments for Rent

 

The cheapest available apartment rental in the Far South area of Lincoln, NE is a 2 Beds unit found at 1701 Burnham St priced from $699. Arapahoe Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Far South apartments for rent in Lincoln, NE:

Apartment ListingModel NameBed/BathPriced From
1701 Burnham St2 Beds, 1 Baths2BR,1BA$699
Arapahoe VillageOne Bedroom1BR,1BA$700
Salt Valley View ApartmentsOne Bedroom1BR,1BA$750
Garden Brooke Apartments2 Bed 1 Bath2BR,1BA$820
Williamsburg ApartmentsSerenity 1-Bed1BR,1BA$865

Best Value Apartments for Rent in Far South, NE

As of August 18, 2026 the best value apartment in the Far South area is the $1.40 price per square foot D1 +Den Model at Wilderness Hills South Apartments in the in the Porter Ridge neighborhood starting from $1,800. The second greatest value Far South apartment is the Roanoke River Model at Williamsburg Park Apartments starting at $1,114 with a $1.21 price per square foot in the Indian Village neighborhood. Here is today’s list of the best values for Far South apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wilderness Hills South ApartmentsD1 +Den2BR,2BA$1.40
Williamsburg Park ApartmentsRoanoke River1BR,1BA$1.21
The Donovan Apartment HomesA4R1BR,1BA$1.39
Colonial Courts2 Bedroom2BR,1BA$1.15
Garden Brooke Apartments2 Bed 1 Bath2BR,1BA$1.15
Colonial HeightsA11BR,1BA$1.35
Foxtail Meadows - South1BR/1.0BA1BR,1BA$1.35
1701 Burnham St2 Beds, 1 Baths2BR,1BA$1.02
Salt Valley View ApartmentsOne Bedroom1BR,1BA$1.15
Arapahoe VillageOne Bedroom1BR,1BA$1.09

Frequently Asked Questions about Cheap Far South Apartments

What is the price of a cheap apartment in Far South?

The cheapest apartment in Far South is Arapahoe Village which is listed at $700, while the average apartment in Far South costs $1,440.

What types of apartments are the cheapest in Far South?

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 21 regular apartments in Far South 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 Far South?

Cheap apartments in Far South have an average cost of $782 which is $658 cheaper than the average rent for all rentals in Far South.

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.

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

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.